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BBVA Argentina ADR (BBAR) – Don’t Be So Quick to Call it Dead

BBVA Argentina ADR (NYSE: BBAR) is 156.31% higher on its value in year-to-date trading and has touched a low of $3.19 and a high of $12.02 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 BBAR stock was last observed hovering at around $11.34 in the last trading session, with the day’s gains setting it 0.41%.

Currently trading at $11.75, the stock is 11.92% and 24.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 3.62% at the moment leaves the stock 60.40% off its SMA200. BBAR registered 172.09% gain for a year compared to 6-month gain of 73.19%.

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The stock witnessed a 12.98% loss in the last 1 month and extending the period to 3 months gives it a 25.19%, and is 7.50% up 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 4.42% over the week and 5.61% over the month.

BBVA Argentina ADR (BBAR) has around 6009 employees, a market worth around $2.40B and $8.85B in sales. Current P/E ratio is 6.25 and Fwd P/E is 11.06. Profit margin for the company is 4.34%. Distance from 52-week low is 268.86% and -2.29% from its 52-week high. The company has generated returns on investments over the last 12 months (16.29%).

The EPS is expected to grow by 155.41% this year

The shares outstanding are 204.24M, and float is at 204.01M with Short Float at 0.77%.

The top institutional shareholder in the company is FOURTH SAIL CAPITAL LP with over 2.36 million shares valued at $21.84 million. The investor’s holdings represent 1.1562 of the BBAR Shares outstanding. As of 2024-06-30, the second largest holder is POINTSTATE CAPITAL LP with 1.46 million shares valued at $13.49 million to account for 0.7141 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 1.35 million shares representing 0.6626 and valued at over $12.52 million, while PING CAPITAL MANAGEMENT, INC. holds 0.5978 of the shares totaling 1.22 million with a market value of $11.29 million.

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