Ambev S.A. ADR (ABEV) down -21.43% since start of the year

Ambev S.A. ADR (NYSE: ABEV) is -21.43% 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 $2.17 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $2.20, the stock is -1.98% and -5.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.89 million and changing 1.38% at the moment leaves the stock -5.57% off its SMA200. ABEV registered -14.39% loss for a year compared to 6-month loss of -5.58%. The firm has a 50-day simple moving average (SMA 50) of $2.3198 and a 200-day simple moving average (SMA200) of $2.3321.

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The stock witnessed a -4.76% gain in the last 1 month and extending the period to 3 months gives it a -5.58%, and is -0.45% 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 2.60% over the week and 2.08% over the month.

Ambev S.A. ADR (ABEV) has around 43000 employees, a market worth around $34.60B and $15.96B in sales. Current P/E ratio is 12.82 and Fwd P/E is 12.80. Profit margin for the company is 17.02%. Distance from 52-week low is 9.45% and -22.81% from its 52-week high. The company has generated returns on investments over the last 12 months (14.75%).

The EPS is expected to shrink by -14.13% 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 0.43%.

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.