Grupo Financiero Galicia ADR (GGAL) Volatility At 5.80%, Should You Add A Position?

Grupo Financiero Galicia ADR (NASDAQ: GGAL) is 5.13% higher on its value in year-to-date trading and has touched a low of $9.30 and a high of $22.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GGAL stock was last observed hovering at around $19.32 in the last trading session, with the day’s loss setting it -1.17%.

Currently trading at $18.15, the stock is -4.39% and 1.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -6.06% at the moment leaves the stock 21.42% off its SMA200. GGAL registered 53.05% gain for a year compared to 6-month loss of 11.08%.

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The stock witnessed a 17.17% gain in the last 1 month and extending the period to 3 months gives it a 50.37%, and is -16.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.80% over the week and 5.17% over the month.

Current P/E ratio is 3.94 and Fwd P/E is 33.87. Profit margin for the company is 5.60%. Distance from 52-week low is 95.20% and -18.46% from its 52-week high. The company has generated returns on investments over the last 12 months (17.88%).

Grupo Financiero Galicia ADR quarterly earnings per share for the current quarter are estimated at $0.56.The EPS is expected to shrink by -92.58% this year, but quarterly earnings will post 95.70% year-over-year.

85 institutions hold shares in Grupo Financiero Galicia ADR (GGAL), with institutional investors hold 8.59% of the company’s shares. The shares outstanding are 119.35M, and float is at 119.31M with Short Float at 2.23%. Institutions hold 8.59% of the Float.

The top institutional shareholder in the company is INCA Investments, LLC with over 2.65 million shares valued at $45.5 million. The investor’s holdings represent 2.22% of the GGAL Shares outstanding. As of Jun 29, 2023, the second largest holder is Arrowstreet Capital, Limited Partnership with 1.0 million shares valued at $17.21 million to account for 0.84% of the shares outstanding. The other top investors are Driehaus Capital Management, LLC which holds 0.9 million shares representing 0.76% and valued at over $15.54 million, while Citadel Advisors Llc holds 0.58% of the shares totaling 0.69 million with a market value of $11.88 million.

Grupo Financiero Galicia ADR (GGAL): Who are the competitors?

One of the company’s main competitors (and peers) include Banco Latinoamericano de Comercio Exterior S.A. Cl E (BLX) that is trading 41.34% up over the past 12 months.Banco Macro S.A. ADR (BMA) lies in the list of competitors of the Grupo Financiero Galicia ADR and is 41.21% higher over the same period from GGALBanco Bradesco S/A Pref ADR (BBD) is 11.43% up on the 1-year trading charts.