Bunge Global SA (NYSE: BG)’s stock price has increased by 1.57 compared to its previous closing price of 102.29. However, the company has seen a 3.96% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-25 that Among publicly traded securities, so-called socially responsible stocks may be one of the most controversial categories. Basically, an underlying assumption exists that if you support sustainable policies, you sacrifice profitability.
Is It Worth Investing in Bunge Global SA (NYSE: BG) Right Now?
The price-to-earnings ratio for Bunge Global SA (NYSE: BG) is above average at 6.98x, Company’s 36-month beta value is 0.65.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BG is 142.05M, and currently, short sellers hold a 3.57% ratio of that floaft. The average trading volume of BG on April 03, 2024 was 1.81M shares.
BG’s Market Performance
BG’s stock has seen a 3.96% increase for the week, with a 11.59% rise in the past month and a 2.92% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 2.05% for Bunge Global SA The simple moving average for the past 20 days is 7.76% for BG’s stock, with a 1.66% simple moving average for the past 200 days.
Analysts’ Opinion of BG
Many brokerage firms have already submitted their reports for BG stocks, with HSBC Securities repeating the rating for BG by listing it as a “Buy.” The predicted price for BG in the upcoming period, according to HSBC Securities is $105 based on the research report published on February 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BG reach a price target of $108. The rating they have provided for BG stocks is “Buy” according to the report published on February 01st, 2024.
BG Trading at 11.78% from the 50-Day Moving Average
After a stumble in the market that brought BG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.88% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +15.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.11% upper at present.
During the last 5 trading sessions, BG rose by +3.96%, which changed the moving average for the period of 200-days by +9.00% in comparison to the 20-day moving average, which settled at $97.11. In addition, Bunge Global SA saw 2.92% 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 BG starting from Dimopoulos Christos, who sale 20,000 shares at the price of $111.89 back on Aug 16 ’23. After this action, Dimopoulos Christos now owns 73,291 shares of Bunge Global SA, valued at $2,237,718 using the latest closing price.
Stock Fundamentals for BG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.08 for the gross margin
The net margin for Bunge Global SA stands at 0.04. The total capital return value is set at 0.18. Equity return is now at value 22.35, with 8.98 for asset returns.
Based on Bunge Global SA (BG), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 14.47.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 19.69for trailing twelve months and the total asset turnover is 2.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In a nutshell, Bunge Global SA (BG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
