Azul S.A. ADR (AZUL) Is Down -71.10% in 2024 With Lots of Room to Run

Azul S.A. ADR (NYSE: AZUL) is -71.10% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $11.26 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 AZUL stock was last observed hovering at around $2.89 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $2.80, the stock is -12.24% and -11.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -3.11% at the moment leaves the stock -48.71% off its SMA200. AZUL registered -63.45% loss for a year compared to 6-month loss of -50.70%. The firm has a 50-day simple moving average (SMA 50) of $3.1614 and a 200-day simple moving average (SMA200) of $5.4593.

The stock witnessed a -8.20% gain in the last 1 month and extending the period to 3 months gives it a -34.58%, and is -10.54% 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 4.73% over the week and 6.20% over the month.

Azul S.A. ADR (AZUL) has around 15248 employees, a market worth around $312.70M and $3.74B in sales. Profit margin for the company is -34.32%. Distance from 52-week low is 38.96% and -75.13% from its 52-week high.

with sales reaching $915.88M over the same period.The EPS is expected to shrink by -676.39% this year, but quarterly earnings will post -7.60% year-over-year. Quarterly sales are estimated to shrink -9.00% in year-over-year returns.

Azul S.A. ADR (AZUL) Top Institutional Holders

The top institutional shareholder in the company is FRONTIER CAPITAL MANAGEMENT CO LLC with over 8.09 million shares valued at $32.38 million. The investor’s holdings represent 6.9891% of the AZUL Shares outstanding. As of 2024-06-30, the second largest holder is LONG FOCUS CAPITAL MANAGEMENT, LLC with 4.45 million shares valued at $17.82 million to account for 3.8458 of the shares outstanding. The other top investors are SCHONFELD STRATEGIC ADVISORS LLC which holds 2.93 million shares representing 2.5293% and valued at over $11.72 million, while OAKTREE CAPITAL MANAGEMENT LP holds 2.1118 of the shares totaling 2.45 million with a market value of $9.78 million.