Ambev S.A. ADR (NYSE:ABEV) currently has a daily average trading volume of 37.63M but it saw 37987735 shares traded in last market. With a market cap of 37.28B USD, the company’s current market price of $2.37 came rising about 0.85 while comparing to the previous closing price of $2.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.51 and as low as $1.76. In the recent trading on the day, stock has struck highest price mark of $2.33 while lowest mark touched by it was $2.38.
Taking a look at 20-day trading activity of Ambev S.A. ADR (ABEV) gives us an average price of $2.14, while its current price level is -5.60% below from 52-week high level whereas it is 34.66% 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 $1.96 while that of 200 days or SMA-200 reads an average of $2.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.55% during that period while stretching the period over a month that increases to 2.56%. 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 81.03 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 7.73% up while it is 24.08% when we observe its performance for the past one month. Year-to-date it is 28.11% up and over the past year, the stock is showing a downside performance of -3.34%.
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 $95.58B and seeing the company making $100.39B 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 9.27% 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 14.06 while having a 13.15 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 2.33 while price to sale or P/S ratio amounts to 2.25. Its return on asset (ROA) is 9.75% on average.
