Popular Inc. (NASDAQ: BPOP) has a price-to-earnings ratio of 11.70x that is above its average ratio. Additionally, the 36-month beta value for BPOP is 0.84. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for BPOP is 70.68M and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of BPOP on March 29, 2024 was 468.76K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
BPOP) stock’s latest price update
Popular Inc. (NASDAQ: BPOP) has seen a rise in its stock price by 1.03 in relation to its previous close of 87.19. However, the company has experienced a 1.59% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that Popular (BPOP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
BPOP’s Market Performance
Popular Inc. (BPOP) has seen a 1.59% rise in stock performance for the week, with a 6.48% gain in the past month and a 7.24% surge in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 2.34% for BPOP. The simple moving average for the last 20 days is 4.51% for BPOP stock, with a simple moving average of 21.50% for the last 200 days.
Analysts’ Opinion of BPOP
Many brokerage firms have already submitted their reports for BPOP stocks, with Barclays repeating the rating for BPOP by listing it as a “Overweight.” The predicted price for BPOP in the upcoming period, according to Barclays is $99 based on the research report published on March 08, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BPOP reach a price target of $86. The rating they have provided for BPOP stocks is “Buy” according to the report published on December 01st, 2023.
BofA Securities gave a rating of “Neutral” to BPOP, setting the target price at $63 in the report published on October 10th of the previous year.
BPOP Trading at 4.55% from the 50-Day Moving Average
After a stumble in the market that brought BPOP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.79% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares surge +5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.97% upper at present.
During the last 5 trading sessions, BPOP rose by +1.59%, which changed the moving average for the period of 200-days by +43.12% in comparison to the 20-day moving average, which settled at $84.51. In addition, Popular Inc. saw 7.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BPOP starting from CESTERO LUIS E., who sale 4,641 shares at the price of $84.42 back on Mar 08 ’24. After this action, CESTERO LUIS E. now owns 26,772 shares of Popular Inc., valued at $391,779 using the latest closing price.
CESTERO LUIS E., the Executive Vice President of Popular Inc., sale 599 shares at $85.65 during a trade that took place back on Feb 02 ’24, which means that CESTERO LUIS E. is holding 0 shares at $51,269 based on the most recent closing price.
Stock Fundamentals for BPOP
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.0 for the gross margin
The net margin for Popular Inc. stands at 0.18. The total capital return value is set at 0.03. Equity return is now at value 11.72, with 0.78 for asset returns.
Based on Popular Inc. (BPOP), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 0.99.
Currently, EBITDA for the company is 3.18 million with net debt to EBITDA at -7.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.06. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In conclusion, Popular Inc. (BPOP) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
