Banco Macro S.A. ADR (NYSE: BMA) is -24.78% lower on its value in year-to-date trading and has touched a low of $40.94 and a high of $118.42 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 BMA stock was last observed hovering at around $72.93 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $72.78, the stock is -10.49% and -14.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.21% at the moment leaves the stock -13.71% off its SMA200. BMA registered 25.63% gain for a year compared to 6-month gain of -21.73%.
The stock witnessed a -24.61% loss in the last 1 month and extending the period to 3 months gives it a -12.25%, and is -5.22% 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 2.18% over the week and 2.60% over the month.
Current P/E ratio is 1062.48 and Fwd P/E is 6.06. Profit margin for the company is 0.09%. Distance from 52-week low is 77.75% and -38.54% from its 52-week high. The company has generated returns on investments over the last 12 months (0.10%).
The EPS is expected to grow by 79.56% this year
The shares outstanding are 62.82M, and float is at 62.74M with Short Float at 0.52%.
The top institutional shareholder in the company is CANDRIAM S.C.A. with over 0.75 million shares valued at $43.24 million. The investor’s holdings represent 0.118 of the BMA Shares outstanding. As of 2024-06-30, the second largest holder is TT INTERNATIONAL ASSET MANAGEMENT LTD with 0.5 million shares valued at $28.76 million to account for 0.0785 of the shares outstanding. The other top investors are OAKTREE CAPITAL MANAGEMENT LP which holds 0.46 million shares representing 0.0726 and valued at over $26.62 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.055 of the shares totaling 0.35 million with a market value of $20.17 million.
