What is the best trade option for Bunge Global SA (BG) stock?

Bunge Global SA [BG] stock is trading at $100.21, up 0.92%. An important factor to consider is whether the stock is rising or falling in short-term value. The BG shares have lost -0.11% over the last week, with a monthly amount glided 5.03%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Bunge Global SA [NYSE: BG] stock has seen the most recent analyst activity on August 01, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $114 from $125. Previously, HSBC Securities upgraded its rating to Buy on February 09, 2024, and dropped its price target to $105. On February 01, 2024, Citigroup initiated with a Buy rating and assigned a price target of $108 on the stock. Wolfe Research downgraded its rating to a Peer Perform. HSBC Securities initiated its recommendation with a Hold and recommended $122 as its price target on September 15, 2023. ROTH MKM started tracking with a Buy rating for this stock on June 22, 2023, and assigned it a price target of $138.

Bunge Global SA [BG] stock has fluctuated between $86.10 and $115.84 over the past year. Currently, Wall Street analysts expect the stock to reach $128.43 within the next 12 months. Bunge Global SA [NYSE: BG] shares were valued at $100.21 at the most recent close of the market. An investor can expect a potential return of 28.16% based on the average BG price forecast.

Analyzing the BG fundamentals

Bunge Global SA [NYSE:BG] reported sales of 55.82B for the trailing twelve months, which represents a drop of -11.99%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.

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 99.23 points at the first support level, and at 98.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.16, and for the 2nd resistance point, it is at 102.11.

Ratios To Look Out For

For context, Bunge Global SA’s Current Ratio is 2.03. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 11.36.

Transactions by insiders

Recent insider trading involved Dimopoulos Christos, Co-President, Agribusiness, that happened on May 22 ’24 when 20000.0 shares were sold.

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