Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE: SBS) is -5.38% lower on its value in year-to-date trading and has touched a low of $13.10 and a high of $18.36 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 SBS stock was last observed hovering at around $13.90 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $14.17, the stock is -7.99% and -10.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.94% at the moment leaves the stock -10.16% off its SMA200. SBS registered -3.73% loss for a year compared to 6-month gain of 2.83%. The firm has a 50-day simple moving average (SMA 50) of $15.8478 and a 200-day simple moving average (SMA200) of $15.8186.
The stock witnessed a -16.94% loss in the last 1 month and extending the period to 3 months gives it a -17.76%, and is -5.28% 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 3.26% over the week and 2.65% over the month.
Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (SBS) has around 11170 employees, a market worth around $9.69B and $6.79B in sales. Current P/E ratio is 5.57 and Fwd P/E is 12.23. Profit margin for the company is 25.62%. Distance from 52-week low is 8.17% and -22.82% from its 52-week high. The company has generated returns on investments over the last 12 months (16.02%).
with sales reaching $6.8B over the same period.The EPS is expected to grow by 4.49% this year, but quarterly earnings will post 15.36% year-over-year. Quarterly sales are estimated to shrink -6.35% in year-over-year returns.
The shares outstanding are 683.51M, and float is at 683.42M with Short Float at 1.02%.
The top institutional shareholder in the company is IMPAX ASSET MANAGEMENT GROUP PLC with over 15.63 million shares valued at $209.58 million. The investor’s holdings represent 2.286 of the SBS Shares outstanding. As of 2024-06-30, the second largest holder is AMUNDI with 6.89 million shares valued at $94.21 million to account for 1.008 of the shares outstanding. The other top investors are MACKENZIE FINANCIAL CORP which holds 4.23 million shares representing 0.6183 and valued at over $56.85 million, while GOLDMAN SACHS GROUP INC holds 0.4482 of the shares totaling 3.06 million with a market value of $41.21 million.
