Banco Bradesco S.A. ADR (NYSE: BBD) is 1.63% higher on its value in year-to-date trading and has touched a low of $1.79 and a high of $3.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BBD stock was last observed hovering at around $1.85 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.89, the stock is -1.23% and -11.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 45.26 million and changing 2.34% at the moment leaves the stock -21.25% off its SMA200. BBD registered -40.11% loss for a year compared to 6-month loss of -14.99%. The firm has a 50-day simple moving average (SMA 50) of $2.2164 and a 200-day simple moving average (SMA200) of $2.5026.
The stock witnessed a -6.22% gain in the last 1 month and extending the period to 3 months gives it a -28.80%, and is 2.17% up 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 3.32% over the week and 3.38% over the month.
Banco Bradesco S.A. ADR (BBD) has around 86222 employees, a market worth around $10.01B and $57.33B in sales. Current P/E ratio is 7.19 and Fwd P/E is 4.94. Profit margin for the company is 4.87%. Distance from 52-week low is 5.50% and -42.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
The EPS is expected to grow by 3.97% this year.
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 1.60%.
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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