With 5.83B 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 29.02M but it saw 12422417 shares traded in last market. With a market cap of 30.37B USD, the company’s current market price of $5.73 came rising about 0.37 while comparing to the previous closing price of $5.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.11 and as low as $4.37. In the recent trading on the day, stock has struck highest price mark of $5.69 while lowest mark touched by it was $5.8.

Taking a look at 20-day trading activity of Itau Unibanco Holding S.A. ADR (ITUB) gives us an average price of $5.23, while its current price level is -6.25% below from 52-week high level whereas it is 31.08% 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 $5.14 while that of 200 days or SMA-200 reads an average of $5.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.75% during that period while stretching the period over a month that decreases to 2.02%. 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 74.25 which implies that the stock is in overbought territory.

Over the week, ITUB’s stock price is moving 11.56% up while it is 5.41% when we observe its performance for the past one month. Year-to-date it is 28.51% up and over the past year, the stock is showing a downside performance of -4.02%.

Currently, Itau Unibanco Holding S.A. ADR’s total number of outstanding shares is 5.83B with 0.00% of that held by the insiders while 21.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.79% and return on equity (ROE) at 20.84%. It has a price to earnings ratio (P/E ratio) of 8.96 while having a 8.16 of forward P/E ratio. Stock’s beta reads 0.61. Stock has a price to book (P/B) ratio of 1.98 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 1.54% on average.