The stock of Banco Macro S.A. ADR (BMA) has gone up by 7.92% for the week, with a 15.13% rise in the past month and a 52.74% rise in the past quarter. The volatility ratio for the week is 4.65%, and the volatility levels for the past 30 days are 4.75% for BMA. The simple moving average for the past 20 days is 9.37% for BMA’s stock, with a 53.34% simple moving average for the past 200 days.
Is It Worth Investing in Banco Macro S.A. ADR (NYSE: BMA) Right Now?
Banco Macro S.A. ADR (NYSE: BMA) has a price-to-earnings ratio that is above its average at 3.96x. The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for BMA is 62.81M, and at present, short sellers hold a 1.15% of that float. On October 25, 2024, the average trading volume of BMA was 277.88K shares.
BMA) stock’s latest price update
Banco Macro S.A. ADR (NYSE: BMA) has experienced a rise in its stock price by 8.30 compared to its previous closing price of 70.95. However, the company has seen a gain of 7.92% in its stock price over the last five trading days. zacks.com reported 2024-09-25 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Analysts’ Opinion of BMA
Many brokerage firms have already submitted their reports for BMA stocks, with JP Morgan repeating the rating for BMA by listing it as a “Neutral.” The predicted price for BMA in the upcoming period, according to JP Morgan is $78 based on the research report published on August 30, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see BMA reach a price target of $62, previously predicting the price at $53. The rating they have provided for BMA stocks is “Neutral” according to the report published on August 08th, 2024.
JP Morgan gave a rating of “Underweight” to BMA, setting the target price at $12 in the report published on January 31st of the previous year.
BMA Trading at 17.42% from the 50-Day Moving Average
After a stumble in the market that brought BMA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.28% of gains for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares surge +17.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.64% upper at present.
During the last 5 trading sessions, BMA rose by +7.92%, which changed the moving average for the period of 200-days by +209.22% in comparison to the 20-day moving average, which settled at $70.26. In addition, Banco Macro S.A. ADR saw 200.01% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BMA
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 1.0 for the gross margin
The net margin for Banco Macro S.A. ADR stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 38.80, with 9.84 for asset returns.
Based on Banco Macro S.A. ADR (BMA), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 2.1. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 0.56.
Currently, EBITDA for the company is 152.82 billion with net debt to EBITDA at -1.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 102.58for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
Conclusion
To sum up, Banco Macro S.A. ADR (BMA) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
