Banco Macro S.A. ADR’s stock (BMA) continues to rise above its goal

At the time of writing, Banco Macro S.A. ADR [BMA] stock is trading at $63.17, up 1.82%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BMA shares have gain 13.95% over the last week, with a monthly amount drifted -0.01%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Banco Macro S.A. ADR [NYSE: BMA] stock has seen the most recent analyst activity on January 31, 2022, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $12 from $15. Previously, HSBC Securities upgraded its rating to Buy on September 25, 2020. On July 21, 2020, downgrade downgraded it’s rating to Reduce. Scotiabank downgraded its rating to a Sector Underperform. Citigroup downgraded its rating to a Neutral. BofA/Merrill downgraded its rating to Underperform for this stock on September 19, 2019. In a note dated August 12, 2019, Morgan Stanley downgraded an Underweight rating on this stock.

For the past year, the stock price of Banco Macro S.A. ADR fluctuated between $16.45 and $66.35. Banco Macro S.A. ADR [NYSE: BMA] shares were valued at $63.17 at the most recent close of the market.

Analyzing the BMA fundamentals

According to Banco Macro S.A. ADR [NYSE:BMA], the company’s sales were 12.45B for trailing twelve months, which represents an 67.53% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.46 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.80 points at the first support level, and at 60.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.27, and for the 2nd resistance point, it is at 65.37.

Ratios To Look Out For

It is important to note that Banco Macro S.A. ADR [NYSE:BMA] has a current ratio of 0.62. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 2.38.

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