Banco Bradesco S.A. ADR (NYSE: BBD) Now $2.39 Higher From Its Low (0.51), Does It Still Have A Growth Story?

Banco Bradesco S.A. ADR (NYSE:BBD) currently has a daily average trading volume of 16.90M but it saw 33819193 shares traded in last market. With a market cap of 15.40B USD, the company’s current market price of $2.90 came rising about 0.35 while comparing to the previous closing price of $2.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.55 and as low as $2.39.

Taking a look at 20-day trading activity of Banco Bradesco S.A. ADR (BBD) gives us an average price of $2.84, while its current price level is -18.24% below from 52-week high level whereas it is 21.47% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.88 while that of 200 days or SMA-200 reads an average of $3.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.13% during that period while stretching the period over a month that decreases to 2.23%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.91 which implies that the stock is in neutral territory.

Over the week, BBD’s stock price is moving -0.34% down while it is 3.94% when we observe its performance for the past one month. Year-to-date it is -16.84% down and over the past year, the stock is showing an upside performance of 22.13%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.06 beaten by the consensus estimate of $0.08 for the same. For BBD, analysts are forecasting an EPS-growth rate of 9.40% for current year and estimate for EPS growth in next year is 40.00%. In next quarter, company is expected to be making quarterly sales of $6.22 billion as analysts are expecting the sales for current fiscal year at $24.46 billion and seeing the company making $26.78 billion in sales next year. Moreover, analysts are in estimates of $5.75 billion for current-quarter revenue.

Currently, Banco Bradesco S.A. ADR’s total number of outstanding shares is 5.31B with 0.01% of that held by the insiders while 20.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.97% and return on equity (ROE) at 8.84%. It has a price to earnings ratio (P/E ratio) of 10.88 while having a 6.21 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 0.90 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is 0.77% on average.