Ambev S.A. [ABEV] Is Currently -0.62 below its 200 Period Moving Avg: What Dose This Mean?

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Ambev S.A. [NYSE: ABEV] loss -0.62% or -0.02 points to close at $3.19 with a heavy trading volume of 14144386 shares. The company report on May 6, 2021 that Ambev SA to Host Earnings Call.

Ambev SA (FRA:AMNA) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 6, 2021 at 11:30 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/77479.

It opened the trading session at $3.24, the shares rose to $3.26 and dropped to $3.17, the range by which the price of stock traded the whole day. The daily chart for ABEV points out that the company has recorded 13.93% gains over the past six months. However, it is still -53.37% lower than its most recent low trading price.

If we look at the average trading volume of 25.15M shares, ABEV reached to a volume of 14144386 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Ambev S.A. [ABEV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABEV shares is $3.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABEV stock is a recommendation set at 3.10. 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.

Barclays have made an estimate for Ambev S.A. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 17, 2021. The new note on the price target was released on May 20, 2021, representing the official price target for Ambev S.A. stock.

The Average True Range (ATR) for Ambev S.A. is set at 0.11, with the Price to Sales ratio for ABEV stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 0.61.

Trading performance analysis for ABEV stock

Ambev S.A. [ABEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.90. With this latest performance, ABEV shares dropped by -11.14% in over the last four-week period, additionally plugging by 13.93% over the last 6 months – not to mention a rise of 17.34% 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 ABEV stock in for the last two-week period is set at 35.66, with the RSI for the last a single of trading hit 31.18, and the three-weeks RSI is set at 40.15 for Ambev S.A. [ABEV]. The present Moving Average for the last 50 days of trading for this stock 3.50, while it was recorded at 3.21 for the last single week of trading, and 2.97 for the last 200 days.

Ambev S.A. [ABEV]: A deeper dive into fundamental analysis

Ambev S.A. [ABEV]: An earnings per share (EPS) analysis

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 ABEV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ambev S.A. go to -3.45%.

An analysis of insider ownership at Ambev S.A. [ABEV]

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151 institutional holders increased their position in Ambev S.A. [NYSE:ABEV] by around 246,744,954 shares. Additionally, 91 investors decreased positions by around 64,631,624 shares, while 55 investors held positions by with 1,186,516,917 shares. The mentioned changes placed institutional holdings at 1,497,893,495 shares, according to the latest SEC report filing. ABEV stock had 32 new institutional investments in for a total of 29,813,530 shares, while 26 institutional investors sold positions of 24,049,175 shares during the same period.

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