Ambev S.A. ADR (ABEV) 20 Days SMA touches -1.94%: The odds favor the bear

Ambev S.A. ADR (NYSE: ABEV) on Monday, soared 0.78% from the previous trading day, before settling in for the closing price of $2.58. Within the past 52 weeks, ABEV’s price has moved between $2.28 and $3.06.

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A company in the Consumer Defensive sector has jumped its sales by 3.85% annually for the last half of the decade. The company achieved an average annual earnings per share of 4.74%. With a float of $15.74 billion, this company’s outstanding shares have now reached $15.74 billion.

In an organization with Dec 22 2023 employees, it is important to assess its efficiency.

Ambev S.A. ADR (ABEV) Insider and Institutional Ownership

Observing investor behavior towards Beverages – Brewers industry stocks is more important than anything else. The insider ownership of Ambev S.A. ADR is 0.00%, while institutional ownership is 8.66%.

Ambev S.A. ADR (ABEV) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.48 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 4.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.80% during the next five years compared to 3.85% growth over the previous five years of trading.

Ambev S.A. ADR (NYSE: ABEV) Trading Performance Indicators

Ambev S.A. ADR (ABEV) is currently performing well based on its current performance indicators. A quick ratio of 0.79 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.52. Likewise, its price to free cash flow for the trailing twelve months is 12.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.19, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.19 in one year’s time.

Technical Analysis of Ambev S.A. ADR (ABEV)

Let’s dig in a bit further. During the last 5-days, its volume was 12.0 million. That was better than the volume of 8.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.50%. Additionally, its Average True Range was 0.05.

During the past 100 days, Ambev S.A. ADR’s (ABEV) raw stochastic average was set at 31.03%, which indicates a significant decrease from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.07% in the past 14 days, which was lower than the 25.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.76, while its 200-day Moving Average is $2.82. However, in the short run, Ambev S.A. ADR’s stock first resistance to watch stands at $2.62. Second resistance stands at $2.65. The third major resistance level sits at $2.67. If the price goes on to break the first support level at $2.57, it is likely to go to the next support level at $2.55. The third support level lies at $2.52 if the price breaches the second support level.

Ambev S.A. ADR (NYSE: ABEV) Key Stats

Market capitalization of the company is 40.93 billion based on 15,750,217K outstanding shares. Right now, sales total 15,440 M and income totals 2,801 M. The company made 4,161 M in profit during its latest quarter, and 801,120 K in sales during its previous quarter.