As of Thursday close, Companhia de Saneamento Basico do Estado de Sao Paulo’s (NYSE:SBS) stock was up $0.07, moving up 0.57 percent to $12.40. The average number of shares traded per day over the past five days has been 1,515,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 1,145,950, while in the previous 50 days, it was 1,196,092.
Since last month, SBS stock rose 2.39%. Shares of the company fell to $11.43 on 09/08/23, the lowest level in the past month. A 52-week high of $12.70 was reached on 09/15/23 after having rallying from a 52-week low of $7.77. Since the beginning of this year, SBS’s stock price has risen by 19.78% or $1.74, and marked a new high 24 times. However, the stock has declined by -2.36% since its 52-week high.
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Valuation Metrics
Right now, Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) has a P/E ratio of about 12.84. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 1.44.
The latest dividend of $0.2527 per share was paid out, which is 34.41% more than last year’s $0.1880. On Friday April 21 2023, a $0.0647 dividend increase was announced.
Financial Health
In the recent quarter, Companhia de Saneamento Basico do Estado de Sao Paulo’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.56, and the total debt-to-equity ratio was 0.65. On the profitability front, the trailing twelve-month gross margin is 34.20% percent. In the recent year, EBITDA margin amounted to 31.99%, whereas operating margins totaled 21.30%. Based on annual data, SBS earned $899.77 million in gross profit and brought in $4.27 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 11.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated $358.06 million in EBITDA. The liabilities of Companhia de Saneamento Basico do Estado de Sao Paulo were 5.8 billion at the end of its most recent quarter, and its total debt was $18.71 billion.
Technical Picture
This quick technical analysis looks at Companhia de Saneamento Basico do Estado de Sao Paulo’s (SBS) price momentum. With a historical volatility rate of 25.03%, the RSI 9-day stood at 61.45% on 21 September.
With respect to its five-day moving average, the current Companhia de Saneamento Basico do Estado de Sao Paulo price is down by -1.35% percent or -$0.17. At present, SBS shares trade +2.06% above its 20-day simple moving average and +34.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.87% above its SMA50 and +6.99% above its SMA200.
Stochastic coefficient K was 75.07% and Stochastic coefficient D was 76.29%, while ATR was 0.32. Given the Stochastic reading of 76.38% for the 14-day period, the RSI (14) reading has been calculated as 59.78%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.33.
Analyst Ratings
JP Morgan upgraded its rating on Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) to an Overweight in a note to investors on February 24, 2021. The analysts firm previously had a Neutral rating on the stock.Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) has been rated Overweight by analysts. According to 0 brokerage firms, SBS is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Companhia de Saneamento Basico do Estado de Sao Paulo stock as buy, with 6 recommending it as overweight.
With a median target price of $12.91, the current consensus forecast for the stock is $10.67 – $17.24. Based on these forecasts, analysts predict Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) will achieve an average price target of $13.49.
