The stock price of Banco Bradesco S.A. ADR (NYSE: BBD) has dropped by -0.36 compared to previous close of 2.79. Despite this, the company has seen a fall of -3.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-05 that Bradesco Q2: Results Impressed The Market, But The Stock Is Only Fairly Valued
Is It Worth Investing in Banco Bradesco S.A. ADR (NYSE: BBD) Right Now?
The price-to-earnings ratio for Banco Bradesco S.A. ADR (NYSE: BBD) is 11.31x, which is above its average ratio. Moreover, the 36-month beta value for BBD is 0.98. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for BBD is 5.30B and currently, short sellers hold a 0.64% of that float. On September 03, 2024, BBD’s average trading volume was 22.05M shares.
BBD’s Market Performance
The stock of Banco Bradesco S.A. ADR (BBD) has seen a -3.47% decrease in the past week, with a 25.99% rise in the past month, and a 17.24% gain in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.79% for BBD. The simple moving average for the past 20 days is 2.46% for BBD’s stock, with a 2.71% simple moving average for the past 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 “Buy.” The predicted price for BBD in the upcoming period, according to Goldman is $3.20 based on the research report published on August 19, 2024 of the current year 2024.
BBD Trading at 13.78% 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 -18.58% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +25.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.40% upper at present.
During the last 5 trading sessions, BBD fell by -3.47%, which changed the moving average for the period of 200-days by -7.64% in comparison to the 20-day moving average, which settled at $2.74. In addition, Banco Bradesco S.A. ADR saw -17.18% 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:
- 0.03 for the present operating margin
- 1.0 for the gross margin
The net margin for Banco Bradesco S.A. ADR stands at 0.05. The total capital return value is set at 0.01. Equity return is now at value 8.13, with 0.70 for asset returns.
Based on Banco Bradesco S.A. ADR (BBD), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 4.02. The interest coverage ratio of the stock is 0.05.
Currently, EBITDA for the company is 4.09 billion with net debt to EBITDA at 55.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.66. The receivables turnover for the company is 8.73for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To wrap up, the performance of Banco Bradesco S.A. ADR (BBD) has been mixed in recent times. The stock has received a mixed of “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.
