Banco Bradesco S.A. ADR (NYSE: BBD) is -42.43% lower on its value in year-to-date trading and has touched a low of $1.84 and a high of $3.41 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 BBD stock was last observed hovering at around $1.88 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.93, the stock is -7.74% and -17.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.4 million and changing 2.66% at the moment leaves the stock -22.85% off its SMA200. BBD registered -40.58% loss for a year compared to 6-month gain of -16.08%. The firm has a 50-day simple moving average (SMA 50) of $2.3348 and a 200-day simple moving average (SMA200) of $2.5397.
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The stock witnessed a -19.92% loss in the last 1 month and extending the period to 3 months gives it a -24.80%, and is -4.46% 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 4.24% over the week and 3.41% over the month.
Banco Bradesco S.A. ADR (BBD) has around 86222 employees, a market worth around $10.22B and $57.33B in sales. Current P/E ratio is 7.34 and Fwd P/E is 5.00. Profit margin for the company is 4.87%. Distance from 52-week low is 4.89% and -43.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
with sales reaching $32.25B over the same period.The EPS is expected to grow by 4.51% this year, but quarterly earnings will post 2.77% year-over-year. Quarterly sales are estimated to grow 7.84% in year-over-year returns.
Banco Bradesco S.A. ADR (BBD) Top Institutional Holders
The shares outstanding are 5.30B, and float is at 5.30B with Short Float at 0.70%.
The top institutional shareholder in the company is BLACKROCK INC. with over 73.39 million shares valued at $164.38 million. The investor’s holdings represent 0.691% of the BBD Shares outstanding. As of 2024-06-30, the second largest holder is SPRUCEGROVE INVESTMENT MANAGEMENT LTD with 72.74 million shares valued at $162.94 million to account for 0.685 of the shares outstanding. The other top investors are FISHER ASSET MANAGEMENT, LLC which holds 63.6 million shares representing 0.5989% and valued at over $142.47 million, while CAUSEWAY CAPITAL MANAGEMENT LLC holds 0.478 of the shares totaling 50.76 million with a market value of $113.7 million.
Banco Bradesco S.A. ADR (BBD) Insider Activity
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