Bunge Global SA (NYSE: BG) has seen a decline in its stock price by -0.33 in relation to its previous close of 87.75. However, the company has experienced a 3.14% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that Bunge Global SA (NYSE:BG ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Greg Heckman – Chief Executive Officer John Neppl – Chief Financial Officer Ruth Ann Wisener – Vice President, Investor Relations Conference Call Participants Andrew Strelzik – BMO Capital Markets Salvatore Tiano – Bank of America Tom Palmer – Citi Manav Gupta – UBS Heather Jones – Heather Jones Research Stephen Hayes – Morgan Stanley Ben Theurer – Barclays Operator Good day and welcome to the Bunge Global SA third quarter 2024 earnings release and conference call. All participants will be in listen-only mode.
Is It Worth Investing in Bunge Global SA (NYSE: BG) Right Now?
Bunge Global SA (NYSE: BG) has a higher price-to-earnings ratio of 11.05x compared to its average ratio. BG has 36-month beta value of 0.66. Analysts have mixed views on the stock, 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 138.28M, and currently, short sellers hold a 1.48% ratio of that float. The average trading volume of BG on November 13, 2024 was 1.58M shares.
BG’s Market Performance
BG stock saw a decrease of 3.14% in the past week, with a monthly decline of -9.10% and a quarterly a decrease of -8.67%. The volatility ratio for the week is 2.14%, and the volatility levels for the last 30 days are 2.37% for Bunge Global SA (BG). The simple moving average for the past 20 days is -0.69% for BG’s stock, with a -12.11% simple moving average for the past 200 days.
Analysts’ Opinion of BG
Many brokerage firms have already submitted their reports for BG stocks, with Citigroup repeating the rating for BG by listing it as a “Neutral.” The predicted price for BG in the upcoming period, according to Citigroup is $114 based on the research report published on August 01, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see BG reach a price target of $105, previously predicting the price at $122. The rating they have provided for BG stocks is “Buy” according to the report published on February 09th, 2024.
Citigroup gave a rating of “Buy” to BG, setting the target price at $108 in the report published on February 01st of the current year.
BG Trading at -6.60% 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 -23.89% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares sank -7.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.92% lower at present.
During the last 5 trading sessions, BG rose by +3.14%, which changed the moving average for the period of 200-days by -1.74% in comparison to the 20-day moving average, which settled at $88.07. In addition, Bunge Global SA saw -13.36% in overturn over a single year, with a tendency to cut further losses.
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.
Stock Fundamentals for BG
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.07 for the gross margin
The net margin for Bunge Global SA stands at 0.02. The total capital return value is set at 0.1. Equity return is now at value 11.29, with 4.57 for asset returns.
Based on Bunge Global SA (BG), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 1.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.29. The receivables turnover for the company is 21.91for trailing twelve months and the total asset turnover is 2.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
To put it simply, Bunge Global SA (BG) has had a bad performance in recent times. Analysts have a mixed 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.
