With 5.30B Outstanding Shares, Can Banco Bradesco S.A. ADR (NYSE: BBD) Deliver Big Short-Term Gains?

Banco Bradesco S.A. ADR (NYSE:BBD) currently has a daily average trading volume of 32.37M but it saw 10091557 shares traded in last market. With a market cap of 10.12B USD, the company’s current market price of $1.91 came rising about 0.53 while comparing to the previous closing price of $1.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.27 and as low as $1.79. In the recent trading on the day, stock has struck highest price mark of $1.89 while lowest mark touched by it was $1.91.

Taking a look at 20-day trading activity of Banco Bradesco S.A. ADR (BBD) gives us an average price of $1.9870, while its current price level is -41.63% below from 52-week high level whereas it is 6.47% 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 $2.2462 while that of 200 days or SMA-200 reads an average of $2.5118. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.59% during that period while stretching the period over a month that increases to 2.99%. 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 38.17 which implies that the stock is in neutral territory.

Goldman upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 19, 2024 while assigning a price target range of $2.50-$3.20.

Over the week, BBD’s stock price is moving 0.53% up while it is -8.02% when we observe its performance for the past one month. Year-to-date it is -41.56% down and over the past year, the stock is showing a downside performance of -41.56%.

Currently, Banco Bradesco S.A. ADR’s total number of outstanding shares is 5.30B. Company’s return on investment (ROI) stands at 3.51% and return on equity (ROE) at 8.73%. It has a price to earnings ratio (P/E ratio) of 7.26 while having a 4.99 of forward P/E ratio. Stock’s beta reads 0.95. Stock has a price to book (P/B) ratio of 0.66 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is 0.74% on average.