In the past week, BPOP stock has gone down by -11.38%, with a monthly decline of -10.52% and a quarterly plunge of -12.21%. The volatility ratio for the week is 4.16%, and the volatility levels for the last 30 days are 2.76% for Popular Inc. The simple moving average for the past 20 days is -8.56% for BPOP’s stock, with a -0.75% simple moving average for the past 200 days.
Is It Worth Investing in Popular Inc. (NASDAQ: BPOP) Right Now?
Popular Inc. (NASDAQ: BPOP) has a higher price-to-earnings ratio of 12.63x compared to its average ratio. BPOP has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BPOP is 70.82M, and currently, short sellers hold a 1.23% ratio of that float. The average trading volume of BPOP on October 24, 2024 was 424.34K shares.
BPOP) stock’s latest price update
Popular Inc. (NASDAQ: BPOP)’s stock price has decreased by -10.21 compared to its previous closing price of 99.93. However, the company has seen a -11.38% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-23 that Popular, Inc. (NASDAQ:BPOP ) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Paul Cardillo – Investor Relations Officer Ignacio Alvarez – Chief Executive Officer Jorge Garcia – Executive Vice President and Chief Financial Officer Lidio Soriano – Executive Vice President and Chief Risk Officer Conference Call Participants Brett Rabatin – Hovde Group Frank Schiraldi – Piper Sandler Kelly Motta – KBW Jared Shaw – Barclays Timur Braziler – Wells Fargo Benjamin Gerlinger – Citi Gerard Cassidy – RBC Samuel Varga – UBS Operator Hello and welcome to the Popular Incorporated Third Quarter Earnings Call. My name is Elliot and I will be coordinating your call today.
Analysts’ Opinion of BPOP
Many brokerage firms have already submitted their reports for BPOP stocks, with Wells Fargo repeating the rating for BPOP by listing it as a “Equal Weight.” The predicted price for BPOP in the upcoming period, according to Wells Fargo is $105 based on the research report published on October 01, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see BPOP reach a price target of $112. The rating they have provided for BPOP stocks is “Overweight” according to the report published on August 26th, 2024.
Hovde Group gave a rating of “Outperform” to BPOP, setting the target price at $123 in the report published on July 25th of the current year.
BPOP Trading at -8.97% 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 -14.55% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -8.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.56% lower at present.
During the last 5 trading sessions, BPOP fell by -11.38%, which changed the moving average for the period of 200-days by +8.91% in comparison to the 20-day moving average, which settled at $98.13. In addition, Popular Inc. saw 9.33% 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 Burckhart Camille, who sale 5,917 shares at the price of $97.60 back on Aug 20 ’24. After this action, Burckhart Camille now owns 29,922 shares of Popular Inc., valued at $577,499 using the latest closing price.
Camille Burckhart, the Officer of Popular Inc., proposed sale 5,917 shares at $99.14 during a trade that took place back on Aug 20 ’24, which means that Camille Burckhart is holding shares at $586,611 based on the most recent closing price.
Stock Fundamentals for BPOP
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.89 for the gross margin
The net margin for Popular Inc. stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 10.31, with 0.71 for asset returns.
Based on Popular Inc. (BPOP), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 0.74.
Currently, EBITDA for the company is 3.18 million with net debt to EBITDA at -38.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.12. The receivables turnover for the company is 1.58for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
To put it simply, Popular Inc. (BPOP) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
