Ambev S.A. ADR [ABEV] stock prices are up 5.48% to $2.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ABEV shares have gain 6.45% over the last week, with a monthly amount glided 7.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ambev S.A. ADR [NYSE: ABEV] stock has seen the most recent analyst activity on March 04, 2024, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $3 from $3.50. Previously, JP Morgan downgraded its rating to Neutral on March 01, 2024. On December 08, 2023, upgrade upgraded it’s rating to Equal-Weight. Citigroup started tracking the stock assigning a Buy rating. Jefferies initiated its recommendation with a Hold. BofA Securities upgraded its rating to Buy for this stock on July 10, 2023. In a note dated May 24, 2023, Bernstein initiated an Outperform rating and provided a target price of $3.74 on this stock.
The stock price of Ambev S.A. ADR [ABEV] has been fluctuating between $2.01 and $2.85 over the past year. Currently, Wall Street analysts expect the stock to reach $2.1 within the next 12 months. Ambev S.A. ADR [NYSE: ABEV] shares were valued at $2.31 at the most recent close of the market. An investor can expect a potential drop of -9.09% based on the average ABEV price forecast.
Analyzing the ABEV fundamentals
The Ambev S.A. ADR [NYSE:ABEV] reported sales of 15.96B for trailing twelve months, representing a drop of -4.25%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 2.24 points at the first support level, and at 2.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.34, and for the 2nd resistance point, it is at 2.38.
Ratios To Look Out For
It’s worth pointing out that Ambev S.A. ADR [NYSE:ABEV]’s Current Ratio is 1.20. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 13.46.
