Ambev S.A. ADR (ABEV) Is Down -7.86% in 2024 With Lots of Room to Run

Ambev S.A. ADR (NYSE: ABEV) is -7.86% lower on its value in year-to-date trading and has touched a low of $2.28 and a high of $3.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABEV stock was last observed hovering at around $2.56 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $2.58, the stock is -3.04% and -4.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.03 million and changing 0.78% at the moment leaves the stock -4.37% off its SMA200. ABEV registered 8.83% gain for a year compared to 6-month gain of -6.83%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of $1.68.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a -8.19% loss in the last 1 month and extending the period to 3 months gives it a -1.43%, and is -1.90% 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 1.73% over the week and 1.77% over the month.

Ambev S.A. ADR (ABEV) has around Dec 22 2023 employees, a market worth around $40.62B and $16.25B in sales. Current P/E ratio is 13.79 and Fwd P/E is 13.85. Profit margin for the company is 18.24%. Distance from 52-week low is 13.36% and -15.77% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).

Ambev S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $4.48B over the same period.The EPS is expected to grow by 4.72% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.

Ambev S.A. ADR (ABEV) Top Institutional Holders

439 institutions hold shares in Ambev S.A. ADR (ABEV), with institutional investors hold 8.77% of the company’s shares. The shares outstanding are 15.74B, and float is at 15.74B with Short Float at 0.02%. Institutions hold 8.77% of the Float.

The top institutional shareholder in the company is First Eagle Investment Management, LLC with over 311.64 million shares valued at $991.02 million. The investor’s holdings represent 1.98% of the ABEV Shares outstanding. As of Jun 29, 2023, the second largest holder is Harding Loevner LLC with 116.53 million shares valued at $370.56 million to account for 0.74% of the shares outstanding. The other top investors are Westwood Global Investments, LLC which holds 103.95 million shares representing 0.66% and valued at over $330.57 million, while Sprucegrove Investment Management Ltd holds 0.51% of the shares totaling 79.81 million with a market value of $253.8 million.

Ambev S.A. ADR (ABEV): Who are the competitors?

The company’s main competitors (and peers) include Boston Beer Co. Cl A (SAM) that is trading -6.59% down over the past 12 months. Thai Beverage PCL (TBVPF) that is -28.91% lower over the same period.