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New Big Money Means BRF S.A. ADR (BRFS) Investors Could Reap Benefit

BRF S.A. ADR (NYSE: BRFS) is -21.62% lower on its value in year-to-date trading and has touched a low of $2.98 and a high of $4.85 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 BRFS stock was last observed hovering at around $3.27 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $3.19, the stock is -2.34% and -10.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -2.45% at the moment leaves the stock -19.46% off its SMA200. BRFS registered -1.82% loss for a year compared to 6-month loss of -25.13%. The firm has a 50-day simple moving average (SMA 50) of $3.5782 and a 200-day simple moving average (SMA200) of $4.03505.

The stock witnessed a -12.84% gain in the last 1 month and extending the period to 3 months gives it a -31.99%, and is -0.93% 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 2.95% over the week and 3.78% over the month.

BRF S.A. ADR (BRFS) has around 100000 employees, a market worth around $5.17B and $11.37B in sales. Current P/E ratio is 8.88 and Fwd P/E is 16.46. Profit margin for the company is 5.24%. Distance from 52-week low is 6.99% and -34.22% from its 52-week high. The company has generated returns on investments over the last 12 months (9.79%).

The EPS is expected to shrink by -38.93% this year

148.0 institutions hold shares in BRF S.A. ADR (BRFS), with institutional investors hold 4.73% of the company’s shares. The shares outstanding are 1.62B, and float is at 1.62B with Short Float at 0.27%. Institutions hold 4.73% of the Float.

The top institutional shareholder in the company is POLUNIN CAPITAL PARTNERS LTD with over 17.72 million shares valued at $72.1 million. The investor’s holdings represent 1.0634 of the BRFS Shares outstanding. As of 2024-06-30, the second largest holder is MACQUARIE GROUP LTD with 9.22 million shares valued at $37.53 million to account for 0.5536 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 5.69 million shares representing 0.3417 and valued at over $23.17 million, while MARSHALL WACE, LLP holds 0.2775 of the shares totaling 4.62 million with a market value of $18.82 million.

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