Arcos Dorados Holdings Inc (NYSE: ARCO) is -32.86% lower on its value in year-to-date trading and has touched a low of $8.07 and a high of $13.20 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 ARCO stock was last observed hovering at around $8.50 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $8.52, the stock is -2.10% and -4.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.24% at the moment leaves the stock -14.18% off its SMA200. ARCO registered -25.26% loss for a year compared to 6-month loss of -16.80%. The firm has a 50-day simple moving average (SMA 50) of $8.9334 and a 200-day simple moving average (SMA200) of $9.92765.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -6.48% gain in the last 1 month and extending the period to 3 months gives it a -3.51%, and is -0.93% 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 2.91% over the week and 3.32% over the month.
Arcos Dorados Holdings Inc (ARCO) has around 100795 employees, a market worth around $1.79B and $4.50B in sales. Current P/E ratio is 12.28 and Fwd P/E is 11.00. Profit margin for the company is 3.25%. Distance from 52-week low is 5.58% and -35.45% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).
Arcos Dorados Holdings Inc quarterly earnings per share for the current quarter are estimated at 0.14 with sales reaching $1.18B over the same period.The EPS is expected to shrink by -26.52% this year, but quarterly earnings will post 3.56% year-over-year. Quarterly sales are estimated to grow 0.48% in year-over-year returns.
The shares outstanding are 130.65M, and float is at 124.13M with Short Float at 3.64%.
The top institutional shareholder in the company is NUVEEN ASSET MANAGEMENT, LLC with over 15.82 million shares valued at $142.39 million. The investor’s holdings represent 7.5107 of the ARCO Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 12.79 million shares valued at $115.08 million to account for 6.07 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 7.73 million shares representing 3.6679 and valued at over $69.54 million, while MORGAN STANLEY holds 2.5655 of the shares totaling 5.4 million with a market value of $48.64 million.
