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.

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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.