Ambev S.A. ADR (NYSE:ABEV) currently has a daily average trading volume of 36.88M but it saw 23344403 shares traded in last market. With a market cap of 34.60B USD, the company’s current market price of $2.20 came rising about 0.46 while comparing to the previous closing price of $2.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.52 and as low as $1.76. In the recent trading on the day, stock has struck highest price mark of $2.17 while lowest mark touched by it was $2.22.
Taking a look at 20-day trading activity of Ambev S.A. ADR (ABEV) gives us an average price of $2.03, while its current price level is -12.71% below from 52-week high level whereas it is 25.00% 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 $1.91 while that of 200 days or SMA-200 reads an average of $2.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.49% during that period while stretching the period over a month that decreases to 2.42%. 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 71.60 which implies that the stock is in overbought territory.
Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on March 04, 2024 while assigning a price target range of $3.50-$3.
Over the week, ABEV’s stock price is moving 0.46% up while it is 18.28% when we observe its performance for the past one month. Year-to-date it is 18.92% up and over the past year, the stock is showing a downside performance of -12.37%.
The company is expected to be releasing its next quarterly report on 2025-Feb-25, for which analysts forecasted an EPS of 0.04 while estimate for next year EPS is 0.18. In next quarter, company is expected to be making quarterly sales of $21.68B as analysts are expecting the sales for current fiscal year at $94.58B and seeing the company making $99.78B in sales next year. Moreover, analysts are in estimates of $22.02B for current-quarter revenue.
Currently, Ambev S.A. ADR’s total number of outstanding shares is 15.73B with 0.01% of that held by the insiders while 9.22% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 16.34% and return on equity (ROE) at 16.55%. It has a price to earnings ratio (P/E ratio) of 13.05 while having a 12.21 of forward P/E ratio. Stock’s beta reads 0.75. Stock has a price to book (P/B) ratio of 2.17 while price to sale or P/S ratio amounts to 2.09. Its return on asset (ROA) is 9.75% on average.
