The stock of Banco Bradesco S.A. (BBD) has gone down by -5.82% for the week, with a 0.92% rise in the past month and a 6.17% rise in the past quarter. The volatility ratio for the week is 3.78%, and the volatility levels for the past 30 days are 3.29% for BBD. The simple moving average for the last 20 days is -0.92% for BBD stock, with a simple moving average of -17.21% for the last 200 days.
Is It Worth Investing in Banco Bradesco S.A. (NYSE: BBD) Right Now?
Banco Bradesco S.A. (NYSE: BBD) has a higher price-to-earnings ratio of 3.02x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.70. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Banco Bradesco S.A. (BBD) is $4.00, which is $0.81 above the current market price. The public float for BBD is 5.31B, and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of BBD on March 16, 2023 was 36.26M shares.
BBD) stock’s latest price update
Banco Bradesco S.A. (NYSE: BBD)’s stock price has increased by 0.78 compared to its previous closing price of 2.57. Despite this, the company has seen a fall of -5.82% in its stock price over the last five trading days.
Analysts’ Opinion of BBD
The stock of Banco Bradesco S.A. (BBD) has gone down by -5.82% for the week, with a 0.92% rise in the past month and a 6.17% rise in the past quarter. The volatility ratio for the week is 3.78%, and the volatility levels for the past 30 days are 3.29% for BBD. The simple moving average for the last 20 days is -0.92% for BBD stock, with a simple moving average of -17.21% for the last 200 days.
Analysts’ Opinion of BBD
Many brokerage firms have already submitted their reports for BBD stocks, with Goldman repeating the rating for BBD by listing it as a “Neutral.” The predicted price for BBD in the upcoming period, according to Goldman is $2.70 based on the research report published on February 16th of the current year 2023.
Barclays gave a rating of “Equal Weight” to BBD, setting the target price at $3.50 in the report published on November 15th of the previous year.
BBD Trading at -3.35% from the 50-Day Moving Average
After a stumble in the market that brought BBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.94% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.17% upper at present.
During the last 5 trading sessions, BBD fell by -5.82%, which changed the moving average for the period of 200-days by -39.63% in comparison to the 20-day moving average, which settled at $2.61. In addition, Banco Bradesco S.A. saw -6.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BBD
Current profitability levels for the company are sitting at:
- +6.75 for the present operating margin
The net margin for Banco Bradesco S.A. stands at +6.53. Equity return is now at value 15.00, with 1.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
To put it simply, Banco Bradesco S.A. (BBD) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
