At the time of writing, Ambev S.A. ADR [ABEV] stock is trading at $2.29, down -2.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ABEV shares have gain 8.02% over the last week, with a monthly amount glided 3.62%, 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.
For the past year, the stock price of Ambev S.A. ADR fluctuated between $2.01 and $2.85. 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 $2.29 at the most recent close of the market. An investor can expect a potential drop of -8.3% based on the average ABEV price forecast.
Analyzing the ABEV fundamentals
According to Ambev S.A. ADR [NYSE:ABEV], the company’s sales were 15.96B for trailing twelve months, which represents an -4.25% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 2.25 points at the first support level, and at 2.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.35, and for the 2nd resistance point, it is at 2.40.
Ratios To Look Out For
It is important to note that Ambev S.A. ADR [NYSE:ABEV] has a current ratio of 1.20. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 13.34.
