A new trading day began on Tuesday, with Bunge Global SA (NYSE: BG) stock price up 0.51% from the previous day of trading ,before settling in for the closing price of $106.52. BG’s price has ranged from $86.10 to $116.59 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 7.13%. Meanwhile, its annual earnings per share averaged -30.76%. With a float of $142.05 million, this company’s outstanding shares have now reached $145.32 million.
Let’s determine the extent of company efficiency that accounts for 23000 employees.
Bunge Global SA (BG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm Products Industry. The insider ownership of Bunge Global SA is 0.95%, while institutional ownership is 87.70%. The most recent insider transaction that took place on Aug 16 ’23, was worth 2,237,718. In this transaction Co-President, Agribusiness of this company sold 20,000 shares at a rate of $111.89, taking the stock ownership to the 73,291 shares.
Bunge Global SA (BG) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $3.7 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -9.10% during the next five years compared to 55.34% growth over the previous five years of trading.
Bunge Global SA (NYSE: BG) Trading Performance Indicators
Here are Bunge Global SA’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26. Likewise, its price to free cash flow for the trailing twelve months is 7.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.90, a number that is poised to hit 2.55 in the next quarter and is forecasted to reach 9.80 in one year’s time.
Technical Analysis of Bunge Global SA (BG)
Looking closely at Bunge Global SA (NYSE: BG), its last 5-days average volume was 1.21 million, which is a drop from its year-to-date volume of 1.76 million. As of the previous 9 days, the stock’s Stochastic %D was 92.11%. Additionally, its Average True Range was 1.89.
During the past 100 days, Bunge Global SA’s (BG) raw stochastic average was set at 86.13%, which indicates a significant decrease from 94.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.86% in the past 14 days, which was lower than the 21.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.87, while its 200-day Moving Average is $102.55. However, in the short run, Bunge Global SA’s stock first resistance to watch stands at $107.86. Second resistance stands at $108.66. The third major resistance level sits at $109.61. If the price goes on to break the first support level at $106.11, it is likely to go to the next support level at $105.16. Should the price break the second support level, the third support level stands at $104.36.
Bunge Global SA (NYSE: BG) Key Stats
With a market capitalization of 15.35 billion, the company has a total of 143,418K Shares Outstanding. Currently, annual sales are 59,540 M while annual income is 2,243 M. The company’s previous quarter sales were 14,936 M while its latest quarter income was 616,000 K.
