The stock price of Bunge Global SA (NYSE: BG) has jumped by 1.45 compared to previous close of 102.44. Despite this, the company has seen a fall of -1.40% in its stock price over the last five trading days. reuters.com reported 2024-06-20 that BP has agreed to buy grain trader Bunge’s 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels.
Is It Worth Investing in Bunge Global SA (NYSE: BG) Right Now?
Bunge Global SA (NYSE: BG) has a price-to-earnings ratio that is above its average at 8.37x. The stock has a 36-month beta value of 0.65. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BG is 140.23M, and at present, short sellers hold a 4.09% of that float. On June 20, 2024, the average trading volume of BG was 1.37M shares.
BG’s Market Performance
BG stock saw an increase of -1.40% in the past week, with a monthly gain of 1.61% and a quarterly increase of 6.69%. The volatility ratio for the week is 1.66%, and the volatility levels for the last 30 days are 2.05% for Bunge Global SA (BG). The simple moving average for the last 20 days is -0.76% for BG’s stock, with a simple moving average of 1.79% for the last 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 -0.73% 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 -10.86% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares sank -0.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.68% lower at present.
During the last 5 trading sessions, BG fell by -2.17%, which changed the moving average for the period of 200-days by -10.35% in comparison to the 20-day moving average, which settled at $104.71. In addition, Bunge Global SA saw 2.95% 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 $103.26 back on May 22 ’24. After this action, Dimopoulos Christos now owns 87,999 shares of Bunge Global SA, valued at $2,065,200 using the latest closing price.
Dimopoulos Christos, the Co-President, Agribusiness of Bunge Global SA, sale 20,000 shares at $111.89 during a trade that took place back on Aug 16 ’23, which means that Dimopoulos Christos is holding 73,291 shares at $2,237,718 based on the most recent 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 0.03. The total capital return value is set at 0.16. Equity return is now at value 18.09, with 7.01 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 0.62. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 10.98.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. The receivables turnover for the company is 25.22for trailing twelve months and the total asset turnover is 2.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
To sum up, Bunge Global SA (BG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
