Banco Bradesco S.A. ADR (NYSE: BBD)’s stock price has plunge by 1.28relation to previous closing price of 2.35. Nevertheless, the company has seen a 1.71% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Banco Bradesco’s 3Q24 results show declining market share, increasing costs, and shrinking margins. Despite this, net income recovered due to lower delinquencies. The bank’s loan book grew 8% YoY, but it’s losing share in key categories like personal loans, credit cards, and deposits. Lower net interest margins and higher operating expenses are concerning, though improved loan quality has reduced non-performing loans and allowances.
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 above average at 9.05x. The 36-month beta value for BBD is also noteworthy at 0.99. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for BBD is 5.30B, and at present, short sellers hold a 0.34% of that float. The average trading volume of BBD on November 18, 2024 was 29.94M shares.
BBD’s Market Performance
The stock of Banco Bradesco S.A. ADR (BBD) has seen a 1.71% increase in the past week, with a -10.74% drop in the past month, and a -18.38% fall in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.39% for BBD. The simple moving average for the past 20 days is -3.59% for BBD’s stock, with a -7.40% 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 -8.71% 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 -30.20% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.30% lower at present.
During the last 5 trading sessions, BBD rose by +1.71%, which changed the moving average for the period of 200-days by -23.96% in comparison to the 20-day moving average, which settled at $2.47. In addition, Banco Bradesco S.A. ADR saw -29.00% 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:
- 0.01 for the present operating margin
- 1.28 for the gross margin
The net margin for Banco Bradesco S.A. ADR stands at 0.08. The total capital return value is set at 0.0. Equity return is now at value 8.73, with 0.74 for asset returns.
Based on Banco Bradesco S.A. ADR (BBD), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 2.32. The interest coverage ratio of the stock is 0.01.
When we switch over and look at the enterprise to sales, we see a ratio of 1.9. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
In summary, Banco Bradesco S.A. ADR (BBD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
