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Bunge Global SA (BG) Stock Could Soon Reward Patient Investors

Bunge Global SA (NYSE: BG) is -12.39% lower on its value in year-to-date trading and has touched a low of $82.18 and a high of $114.92 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 BG stock was last observed hovering at around $87.65 in the last trading session, with the day’s gains setting it 0.79%.

Currently trading at $88.44, the stock is 1.50% and -3.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 0.90% at the moment leaves the stock -11.12% off its SMA200. BG registered -18.12% loss for a year compared to 6-month loss of -16.90%. The firm has a 50-day simple moving average (SMA 50) of $92.1964 and a 200-day simple moving average (SMA200) of $99.5031.

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The stock witnessed a -1.49% gain in the last 1 month and extending the period to 3 months gives it a -11.84%, and is -3.14% 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 2.14% over the week and 2.50% over the month.

Bunge Global SA (BG) has around 23000 employees, a market worth around $12.35B and $54.50B in sales. Current P/E ratio is 11.18 and Fwd P/E is 9.74. Profit margin for the company is 2.11%. Distance from 52-week low is 7.62% and -23.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.42%).

with sales reaching $13.73B over the same period.The EPS is expected to shrink by -31.37% this year, but quarterly earnings will post -10.53% year-over-year. Quarterly sales are estimated to shrink -8.06% in year-over-year returns.

Bunge Global SA (BG) Top Institutional Holders

947.0 institutions hold shares in Bunge Global SA (BG), with institutional investors hold 82.71% of the company’s shares. The shares outstanding are 145.32M, and float is at 138.28M with Short Float at 1.48%. Institutions hold 81.96% of the Float.

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Bunge Global SA (BG) Insider Activity

The most recent transaction is an insider sale by Dimopoulos Christos, the company’s Co-President, Agribusiness. SEC filings show that Dimopoulos Christos sold 20,000 shares of the company’s common stock on May 22 ’24 at a price of $103.26 per share for a total of $2.07 million. Following the sale, the insider now owns 87999.0 shares.

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