Banco Bradesco S.A. [BBD] Revenue clocked in at $91.33 billion, down -12.72% YTD: What’s Next?

Banco Bradesco S.A. [NYSE: BBD] loss -1.22% or -0.05 points to close at $4.06 with a heavy trading volume of 31924241 shares. The company report on May 5, 2021 that Banco Bradesco SA to Host Earnings Call.

Banco Bradesco SA (FRA:BREC) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 5, 2021 at 12:30 PM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/78189.

It opened the trading session at $4.10, the shares rose to $4.13 and dropped to $4.02, the range by which the price of stock traded the whole day. The daily chart for BBD points out that the company has recorded 3.40% gains over the past six months. However, it is still -39.04% lower than its most recent low trading price.

If we look at the average trading volume of 26.28M shares, BBD reached to a volume of 31924241 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 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 $5.84 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 1.80. 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.

Itau BBA have made an estimate for Banco Bradesco S.A. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 13, 2021. The new note on the price target was released on October 27, 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, with the Price to Sales ratio for BBD stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 0.27.

Trading performance analysis for BBD stock

Banco Bradesco S.A. [BBD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.14. With this latest performance, BBD shares dropped by -9.10% in over the last four-week period, additionally plugging by 3.40% over the last 6 months – not to mention a rise of 19.49% 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 37.09, with the RSI for the last a single of trading hit 36.19, and the three-weeks RSI is set at 37.82 for Banco Bradesco S.A. [BBD]. The present Moving Average for the last 50 days of trading for this stock 4.49, while it was recorded at 4.03 for the last single week of trading, and 4.74 for the last 200 days.

Banco Bradesco S.A. [BBD]: A deeper dive into fundamental analysis

Banco Bradesco S.A. [BBD]: 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 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%.

An analysis of insider ownership at Banco Bradesco S.A. [BBD]

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124 institutional holders increased their position in Banco Bradesco S.A. [NYSE:BBD] by around 81,625,158 shares. Additionally, 128 investors decreased positions by around 152,523,649 shares, while 16 investors held positions by with 598,025,319 shares. The mentioned changes placed institutional holdings at 832,174,126 shares, according to the latest SEC report filing. BBD stock had 35 new institutional investments in for a total of 8,367,211 shares, while 29 institutional investors sold positions of 8,640,505 shares during the same period.

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