Is Ambev S.A. ADR (ABEV) a good stock to buy now?

Ambev S.A. ADR (NYSE: ABEV) is -12.86% 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 $2.40 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $2.44, the stock is 4.50% and 7.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.8 million and changing 1.67% at the moment leaves the stock 1.73% off its SMA200. ABEV registered 0.51% gain for a year compared to 6-month loss of 0.83%. The firm has a 50-day simple moving average (SMA 50) of $2.2806 and a 200-day simple moving average (SMA200) of $2.40255.

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The stock witnessed a 7.02% gain in the last 1 month and extending the period to 3 months gives it a 19.61%, and is 5.63% 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 2.09% over the week and 2.12% over the month.

Ambev S.A. ADR (ABEV) has around 43000 employees, a market worth around $38.37B and $16.13B in sales. Current P/E ratio is 13.36 and Fwd P/E is 13.83. Profit margin for the company is 17.93%. Distance from 52-week low is 21.39% and -14.39% from its 52-week high. The company has generated returns on investments over the last 12 months (16.49%).

with sales reaching $4.07B over the same period.The EPS is expected to shrink by -11.94% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.

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

The shares outstanding are 15.75B, and float is at 15.73B with Short Float at 0.26%.

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.