BBVA Argentina ADR (BBAR) Reports -3.68% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

BBVA Argentina ADR (NYSE:BBAR) does about 1.14M shares in volume on a normal day but saw 861505 shares change hands in Tuesday’s trading. The company now has a market cap of 2.30B USD. Its current market price is $11.24, marking an increase of 4.36% compared to the previous close of $10.77. The 52 week high reached by this stock is $11.67 whilst the lowest price level in 52 weeks is $3.72.

BBVA Argentina ADR (BBAR) has a 20-day trading average at $9.84 and the current price is -3.68% off the 52-week high compared with 201.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.84 and its 200-day simple moving average is $6.02. If we look at the stock’s price movements over the week, volatility stands at 5.36%, which increases to 6.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.44 to suggest the stock is neutral.

The consensus objective for the share price is $16.20, suggesting that the stock has a potential upside of 30.62% over the period.

BBVA Argentina ADR (BBAR) stock is up 2.09% over the week and 38.08% over the past month. Its price is 109.76% year-to-date and 163.72% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2022, with the company’s earnings per share (EPS) of 0.19 above consensus estimates by 0.04. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 1.28 for whole year.

To reach the target analysts have set, the stock logically needs to grow 30.62 percent from here.

The company has a return on investment of 23.69% and return on equity of 22.54%. The price to earnings ratio (P/E ratio) amounts to 5.41 while the forward price to earnings ratio is 10.68. The beta has a value of 1.70. Price to book ratio is 1.33 and price to sales ratio is 0.26.