Banco Bradesco S.A. [BBD] Is Currently 1.00 below its 200 Period Moving Avg: What Dose This Mean?

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Banco Bradesco S.A. [NYSE: BBD] traded at a high on 10/26/20, posting a 1.00 gain after which it closed the day’ session at $4.04.

The results of the trading session contributed to over 21439271 shares changing hands. Over the past one week, the price volatility of Banco Bradesco S.A. stands at 3.97% while the volatility over the past one month is 4.02%.

The market cap for BBD stock reached $35.70 billion, with 8.84 billion shares outstanding and 6.34 billion shares in the current float. Compared to the average trading volume of 20.37M shares, BBD reached a trading volume of 21439271 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Banco Bradesco S.A. [BBD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBD shares is $6.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBD stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Banco Bradesco S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 28, 2020. The new note on the price target was released on April 06, 2020, representing the official price target for Banco Bradesco S.A. stock.

The Average True Range (ATR) for Banco Bradesco S.A. is set at 0.15 The Price to Book ratio for the last quarter was 0.89.

How has BBD stock performed recently?

Banco Bradesco S.A. [BBD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.78. With this latest performance, BBD shares gained by 14.89% in over the last four-week period, additionally plugging by 12.88% over the last 6 months – not to mention a drop of -48.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBD stock in for the last two-week period is set at 64.42, with the RSI for the last a single of trading hit 69.96, and the three-weeks RSI is set at 58.85 for Banco Bradesco S.A. [BBD]. The present Moving Average for the last 50 days of trading for this stock 3.74, while it was recorded at 3.96 for the last single week of trading, and 4.41 for the last 200 days.

Banco Bradesco S.A. [BBD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Banco Bradesco S.A. [BBD] shares currently have an operating margin of +7.18. Banco Bradesco S.A.’s Net Margin is presently recorded at +9.23.

Return on Total Capital for BBD is now 3.06, given the latest momentum, and Return on Invested Capital for the company is 8.11. Return on Equity for this stock inclined to 17.72, with Return on Assets sitting at 1.71. When it comes to the capital structure of this company, Banco Bradesco S.A. [BBD] has a Total Debt to Total Equity ratio set at 333.72. Additionally, BBD Total Debt to Total Capital is recorded at 76.94, with Total Debt to Total Assets ending up at 32.83. Long-Term Debt to Equity for the company is recorded at 114.42, with the Long-Term Debt to Total Capital now at 26.38.

Reflecting on the efficiency of the workforce at the company, Banco Bradesco S.A. [BBD] managed to generate an average of $232,023 per employee.

Earnings analysis for Banco Bradesco S.A. [BBD]

With the latest financial reports released by the company, Banco Bradesco S.A. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Banco Bradesco S.A. go to 1.60%.

Insider trade positions for Banco Bradesco S.A. [BBD]

There are presently around $2,925 million, or 20.17% of BBD stock, in the hands of institutional investors. The top three institutional holders of BBD stocks are: STANDARD LIFE ABERDEEN PLC with ownership of 83,842,370, which is approximately -8.719% of the company’s market cap and around 0.01% of the total institutional ownership; HARDING LOEVNER LP, holding 52,127,042 shares of the stock with an approximate value of $210.59 million in BBD stocks shares; and SPRUCEGROVE INVESTMENT MANAGEMENT LTD, currently with $144.48 million in BBD stock with ownership of nearly 8.734% of the company’s market capitalization.

Positions in Banco Bradesco S.A. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 107 institutional holders increased their position in Banco Bradesco S.A. [NYSE:BBD] by around 77,136,101 shares. Additionally, 106 investors decreased positions by around 109,881,275 shares, while 13 investors held positions by with 536,985,801 shares. The mentioned changes placed institutional holdings at 724,003,177 shares, according to the latest SEC report filing. BBD stock had 31 new institutional investments in for a total of 13,909,349 shares, while 26 institutional investors sold positions of 14,196,007 shares during the same period.

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