With 4.85B Outstanding Shares, Can Itau Unibanco Holding S.A. ADR (NYSE: ITUB) Deliver Big Short-Term Gains?

Itau Unibanco Holding S.A. ADR (NYSE:ITUB) currently has a daily average trading volume of 19.70M but it saw 34258219 shares traded in last market. With a market cap of 27.81B USD, the company’s current market price of $5.74 came falling about -4.17 while comparing to the previous closing price of $5.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.09 and as low as $5.57. In the recent trading on the day, stock has struck highest price mark of $5.7 while lowest mark touched by it was $5.97.

Taking a look at 20-day trading activity of Itau Unibanco Holding S.A. ADR (ITUB) gives us an average price of $6.01, while its current price level is -18.99% below from 52-week high level whereas it is 3.05% 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 $6.23 while that of 200 days or SMA-200 reads an average of $6.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.12% during that period while stretching the period over a month that decreases to 1.95%. 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 35.10 which implies that the stock is in neutral territory.

Over the week, ITUB’s stock price is moving -3.69% down while it is -6.47% when we observe its performance for the past one month. Year-to-date it is -15.21% down and over the past year, the stock is showing a downside performance of -6.82%.

Currently, Itau Unibanco Holding S.A. ADR’s total number of outstanding shares is 4.85B. Company’s return on investment (ROI) stands at 7.93% and return on equity (ROE) at 20.51%. It has a price to earnings ratio (P/E ratio) of 7.50 while having a 7.03 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 0.42. Its return on asset (ROA) is 1.49% on average.