Ambev S.A. ADR (NYSE: ABEV) is -17.50% lower on its value in year-to-date trading and has touched a low of $2.01 and a high of $2.85 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 $2.30 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.31, the stock is -1.18% and 2.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.55 million and changing 0.43% at the moment leaves the stock -4.06% off its SMA200. ABEV registered -8.08% loss for a year compared to 6-month loss of -6.48%.
The stock witnessed a -0.86% gain in the last 1 month and extending the period to 3 months gives it a 10.00%, and is -0.86% 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 2.31% over the week and 2.12% over the month.
Ambev S.A. ADR (ABEV) has around 43000 employees, a market worth around $36.33B and $16.13B in sales. Current P/E ratio is 12.64 and Fwd P/E is 13.09. Profit margin for the company is 17.93%. Distance from 52-week low is 14.93% and -18.95% from its 52-week high. The company has generated returns on investments over the last 12 months (16.49%).
The EPS is expected to shrink by -11.95% this year.
Ambev S.A. ADR (ABEV) Top Institutional Holders
The shares outstanding are 15.75B, and float is at 15.73B with Short Float at 0.11%.
The top institutional shareholder in the company is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with over 310.14 million shares valued at $635.79 million. The investor’s holdings represent 1.9693% of the ABEV Shares outstanding. As of 2024-06-30, the second largest holder is HARDING LOEVNER LP with 115.34 million shares valued at $236.45 million to account for 0.7324 of the shares outstanding. The other top investors are WESTWOOD GLOBAL INVESTMENTS, LLC which holds 101.35 million shares representing 0.6435% and valued at over $207.76 million, while SPRUCEGROVE INVESTMENT MANAGEMENT LTD holds 0.4463 of the shares totaling 70.29 million with a market value of $144.09 million.
Ambev S.A. ADR (ABEV) Insider Activity
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