Banco Macro S.A. ADR [NYSE: BMA] stock went on a downward path that fall over -2.44% on Wednesday, amounting to a one-week price increase of more than 16.80%.
Over the last 12 months, BMA stock rose by 370.10%. The one-year Banco Macro S.A. ADR stock forecast points to a potential upside of 5.24. The average equity rating for BMA stock is currently 1.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.10 billion, with 62.82 million shares outstanding and 62.81 million shares in the current float. Compared to the average trading volume of 299.43K shares, BMA stock reached a trading volume of 267290 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Banco Macro S.A. ADR [BMA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMA shares is $119.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMA stock is a recommendation set at 1.40. 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.
Morgan Stanley have made an estimate for Banco Macro S.A. ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 16, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $14 to $78. The new note on the price target was released on August 30, 2024, representing the official price target for Banco Macro S.A. ADR stock. Previously, the target price had yet another raise from $53 to $62, while BofA Securities kept a Neutral rating on BMA stock. On January 31, 2022, analysts decreased their price target for BMA shares from 15 to 12.
The Average True Range (ATR) for Banco Macro S.A. ADR is set at 5.68, with the Price to Sales ratio for BMA stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.89. Price to Free Cash Flow for BMA in the course of the last twelve months was 2.79.
BMA Stock Performance Analysis:
Banco Macro S.A. ADR [BMA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.80. With this latest performance, BMA shares gained by 30.48% in over the last four-week period, additionally plugging by 114.82% over the last 6 months – not to mention a rise of 370.10% 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 BMA stock in for the last two-week period is set at 68.40, with the RSI for the last a single of trading hit 69.59, and the three-weeks RSI is set at 67.32 for Banco Macro S.A. ADR [BMA]. The present Moving Average for the last 50 days of trading for this stock 89.01, while it was recorded at 112.53 for the last single week of trading, and 66.55 for the last 200 days.
Insight into Banco Macro S.A. ADR Fundamentals:
Banco Macro S.A. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.95.
Banco Macro S.A. ADR [BMA] Institutonal Ownership Details
The top three institutional holders of BMA stocks are: CANDRIAM S.C.A. with ownership of 0.75 million shares, which is approximately 0.118%. TT INTERNATIONAL ASSET MANAGEMENT LTD, holding 0.5 million shares of the stock with an approximate value of $$28.76 million in BMA stocks shares; and TT INTERNATIONAL ASSET MANAGEMENT LTD, currently with $$26.62 million in BMA stock with ownership which is approximately 0.0727%.
