Bunge Global SA [NYSE: BG] loss -2.25% or -1.98 points to close at $85.86 with a heavy trading volume of 3393775 shares.
The daily chart for BG points out that the company has recorded -14.95% loss over the past six months.
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If we look at the average trading volume of 1.43M shares, BG reached to a volume of 3393775 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 Bunge Global SA [BG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BG shares is $108.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BG stock is a recommendation set at 2.00. 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 Bunge Global SA shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, HSBC Securities dropped their target price from $122 to $105. The new note on the price target was released on February 09, 2024, representing the official price target for Bunge Global SA stock. Previously, the target price had yet another raise to $108, while Citigroup analysts kept a Buy rating on BG stock.
The Average True Range (ATR) for Bunge Global SA is set at 2.20, with the Price to Sales ratio for BG stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 9.65. Price to Free Cash Flow for BG in the course of the last twelve months was 9.53 with Quick ratio for the last quarter at 0.96.
Trading performance analysis for BG stock
Bunge Global SA [BG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.52. With this latest performance, BG shares dropped by -12.10% in over the last four-week period, additionally sinking by -14.95% over the last 6 months – not to mention a drop of -19.35% 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 BG stock in for the last two-week period is set at 26.50, with the RSI for the last a single of trading hit 21.32, and the three-weeks RSI is set at 30.41 for Bunge Global SA [BG]. The present Moving Average for the last 50 days of trading for this stock 96.13, while it was recorded at 88.71 for the last single week of trading, and 99.74 for the last 200 days.
Bunge Global SA [BG]: A deeper dive into fundamental analysis
Bunge Global SA’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 2.03.
Bunge Global SA [BG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Bunge Global SA posted 2.99/share EPS, while the average EPS was predicted by analysts to be reported at 2.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.49. 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 BG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bunge Global SA go to -8.59%.
An analysis of Institutional ownership at Bunge Global SA [BG]
There are presently around $95.72%, or 96.59%% of BG stock, in the hands of institutional investors.
