Grupo Financiero Galicia ADR (NASDAQ: GGAL) Gains 2.37% And Its 4.99% Stock Volatility Is Bewildering

Grupo Financiero Galicia ADR (NASDAQ:GGAL) does about 1.00M shares in volume on a normal day but saw 814063 shares change hands in Tuesday’s trading. The company now has a market cap of 4.23B USD. Its current market price is $35.47, marking an increase of 2.37% compared to the previous close of $34.65. The 52 week high reached by this stock is $37.75 whilst the lowest price level in 52 weeks is $10.40.

Grupo Financiero Galicia ADR (GGAL) has a 20-day trading average at $32.32 and the current price is -6.04% off the 52-week high compared with 241.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.24 and its 200-day simple moving average is $19.20. If we look at the stock’s price movements over the week, volatility stands at 4.99%, which increases to 5.61% 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 67.17 to suggest the stock is neutral.

The consensus objective for the share price is $41.24, suggesting that the stock has a potential upside of 13.99% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 31, 2022 when JP Morgan downgraded the stock to “Underweight” and issued a price target of between $9 and $8.

Grupo Financiero Galicia ADR (GGAL) stock is down -0.50% over the week and 28.51% over the past month. Its price is 105.44% year-to-date and 208.63% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of 0.64 below consensus estimates by -1.54. The company’s next earnings report forecasts estimating quarterly EPS at 1.06 and 4.6 for whole year.

To reach the target analysts have set, the stock logically needs to grow 13.99 percent from here.

The company has a return on investment of 33.88% and return on equity of 30.73%. The price to earnings ratio (P/E ratio) amounts to 5.73 while the forward price to earnings ratio is 6.38. The beta has a value of 2.16. Price to book ratio is 2.09 and price to sales ratio is 0.25.