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Check out this: Centrais Eletricas Brasileiras S.A. ADR (EBR) could be on the verge of a big rally

Centrais Eletricas Brasileiras S.A. ADR (NYSE: EBR) is -3.13% lower on its value in year-to-date trading and has touched a low of $6.30 and a high of $9.11 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 EBR stock was last observed hovering at around $8.39 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $8.35, the stock is -3.11% and -2.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing -0.48% at the moment leaves the stock 5.14% off its SMA200. EBR registered 28.86% gain for a year compared to 6-month gain of 19.29%. The firm has a 50-day simple moving average (SMA 50) of $0.76 and a 200-day simple moving average (SMA200) of $2.13.

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The stock witnessed a -5.33% loss in the last 1 month and extending the period to 3 months gives it a -4.79%, and is -2.11% 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 2.19% over the week and 2.16% over the month.

Centrais Eletricas Brasileiras S.A. ADR (EBR) has around 8328 employees, a market worth around $16.46B and $7.44B in sales. Current P/E ratio is 20.92 and Fwd P/E is 8.05. Profit margin for the company is 12.34%. Distance from 52-week low is 32.43% and -8.34% from its 52-week high. The company has generated returns on investments over the last 12 months (2.88%).

Centrais Eletricas Brasileiras S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 74.80% this year.

Centrais Eletricas Brasileiras S.A. ADR (EBR) Top Institutional Holders

157 institutions hold shares in Centrais Eletricas Brasileiras S.A. ADR (EBR), with institutional investors hold 1.20% of the company’s shares. Institutions hold 1.20% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 3.36 million shares valued at $27.81 million. The investor’s holdings represent 0.17% of the EBR Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 3.26 million shares valued at $26.97 million to account for 0.16% of the shares outstanding. The other top investors are HSBC Holdings Plc which holds 2.27 million shares representing 0.11% and valued at over $18.75 million, while Morgan Stanley holds 0.10% of the shares totaling 2.0 million with a market value of $16.51 million.

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