The price-to-earnings ratio for Bunge Global SA (NYSE: BG) is above average at 7.36x. The 36-month beta value for BG is also noteworthy at 0.62. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for BG is 142.05M, and at present, short sellers hold a 3.66% of that float. The average trading volume of BG on April 24, 2024 was 1.75M shares.
BG) stock’s latest price update
The stock price of Bunge Global SA (NYSE: BG) has plunged by -0.12 when compared to previous closing price of 109.75, but the company has seen a 5.45% gain in its stock price over the last five trading sessions. Investors Business Daily reported 2024-04-22 that It’s been a rough month for most S&P 500 stocks. But some are absolutely thriving.
BG’s Market Performance
Bunge Global SA (BG) has seen a 5.45% rise in stock performance for the week, with a 10.48% gain in the past month and a 21.56% surge in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.80% for BG. The simple moving average for the past 20 days is 4.55% for BG’s stock, with a 6.35% 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 11.90% 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 -5.98% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +9.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.81% upper at present.
During the last 5 trading sessions, BG rose by +5.45%, which changed the moving average for the period of 200-days by +8.55% in comparison to the 20-day moving average, which settled at $105.33. In addition, Bunge Global SA saw 8.59% 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 12.68.
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 0.32. 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 summary, Bunge Global SA (BG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
