Is Ambev S.A. ADR (ABEV) a good stock to buy now?

Ambev S.A. ADR (NYSE: ABEV) is -26.43% 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 $2.03 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $2.06, the stock is -5.79% and -7.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.79 million and changing 1.48% at the moment leaves the stock -9.42% off its SMA200. ABEV registered -25.09% loss for a year compared to 6-month gain of -1.90%. The firm has a 50-day simple moving average (SMA 50) of $2.2162 and a 200-day simple moving average (SMA200) of $2.27435.

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The stock witnessed a -5.07% loss in the last 1 month and extending the period to 3 months gives it a -10.82%, and is -3.74% 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 3.43% over the week and 3.00% over the month.

Ambev S.A. ADR (ABEV) has around 43000 employees, a market worth around $32.40B and $15.96B in sales. Current P/E ratio is 12.00 and Fwd P/E is 12.05. Profit margin for the company is 17.02%. Distance from 52-week low is 2.49% and -27.72% from its 52-week high. The company has generated returns on investments over the last 12 months (14.75%).

with sales reaching $24.74B over the same period.The EPS is expected to shrink by -15.12% this year, but quarterly earnings will post 9.32% year-over-year. Quarterly sales are estimated to grow 23.74% in year-over-year returns.

Ambev S.A. ADR (ABEV) Top Institutional Holders

The shares outstanding are 15.73B, 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.