Bunge Global SA (NYSE: BG) has a price-to-earnings ratio that is above its average at 11.31x. The stock has a 36-month beta value of 0.67. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BG is 138.28M, and at present, short sellers hold a 1.48% of that float. On November 20, 2024, the average trading volume of BG was 1.66M shares.
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BG) stock’s latest price update
The stock price of Bunge Global SA (NYSE: BG) has plunged by -1.99 when compared to previous closing price of 91.31, but the company has seen a 2.32% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that ST. LOUIS–(BUSINESS WIRE)–Bunge Global SA (NYSE: BG) (“Bunge”) today announced that on November 13, 2024, its Board of Directors authorized the repurchase of an additional $500 million of its issued and outstanding registered shares, par value $0.01 per share (each a “Share,” and collectively the “Shares”) under a previous share repurchase program authorized on June 13, 2023. This is in addition to approximately $800 million for Share repurchases that remain available under the existing share.
BG’s Market Performance
Bunge Global SA (BG) has experienced a 2.32% rise in stock performance for the past week, with a 0.72% rise in the past month, and a -7.10% drop in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.44% for BG. The simple moving average for the last 20 days is 2.33% for BG stock, with a simple moving average of -10.06% for the last 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 -3.47% 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 -22.13% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +0.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.96% lower at present.
During the last 5 trading sessions, BG rose by +2.32%, which changed the moving average for the period of 200-days by +0.55% in comparison to the 20-day moving average, which settled at $87.45. In addition, Bunge Global SA saw -11.35% 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 3.72 billion with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. 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 sum up, Bunge Global SA (BG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
