The stock of Banco Bradesco S.A. ADR (BBD) has gone down by -2.09% for the week, with a -9.18% drop in the past month and a -16.61% drop in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are 2.28% for BBD. The simple moving average for the past 20 days is -2.36% for BBD’s stock, with a -8.45% simple moving average for the past 200 days.
Is It Worth Investing in Banco Bradesco S.A. ADR (NYSE: BBD) Right Now?
Banco Bradesco S.A. ADR (NYSE: BBD) has a price-to-earnings ratio that is above its average at 8.90x. The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 1 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. On November 26, 2024, the average trading volume of BBD was 30.12M shares.
BBD) stock’s latest price update
Banco Bradesco S.A. ADR (NYSE: BBD)’s stock price has plunge by -1.68relation to previous closing price of 2.38. Nevertheless, the company has seen a -2.09% plunge 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.
Analysts’ Opinion of BBD
Goldman, on the other hand, stated in their research note that they expect to see BBD reach a price target of $3.20, previously predicting the price at $2.50. The rating they have provided for BBD stocks is “Buy” according to the report published on August 19th, 2024.
BBD Trading at -8.54% 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 -31.37% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares sank -11.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.13% lower at present.
During the last 5 trading sessions, BBD fell by -2.09%, which changed the moving average for the period of 200-days by -14.29% in comparison to the 20-day moving average, which settled at $2.40. In addition, Banco Bradesco S.A. ADR saw -30.20% 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:
- 0.05 for the present operating margin
- 1.2 for the gross margin
The net margin for Banco Bradesco S.A. ADR stands at 0.06. The total capital return value is set at 0.01. 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 0.43. The debt to equity ratio resting at 2.32. The interest coverage ratio of the stock is 0.09.
When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
To sum up, Banco Bradesco S.A. ADR (BBD) has seen a bad 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.
