Bunge Global SA (NYSE: BG) on Tuesday, plunged -0.31% from the previous trading day, before settling in for the closing price of $100.63. Within the past 52 weeks, BG’s price has moved between $86.10 and $115.84.
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Annual sales at Consumer Defensive sector company grew by 7.13% over the past five years. The company achieved an average annual earnings per share of -31.02%. With a float of $140.28 million, this company’s outstanding shares have now reached $145.32 million.
Let’s look at the performance matrix of the company that is accounted for 23000 employees. In terms of profitability, gross margin is 6.94%, operating margin of 3.66%, and the pretax margin is 3.32%.
Bunge Global SA (BG) Insider Updates
Observing investor behavior towards Farm Products industry stocks is more important than anything else. The insider ownership of Bunge Global SA is 0.96%, while institutional ownership is 90.69%. The most recent insider transaction that took place on May 22 ’24, was worth 2,065,200. In this transaction Co-President, Agribusiness of this company sold 20,000 shares at a rate of $103.26, taking the stock ownership to the 87,999 shares.
Bunge Global SA (BG) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.99 earnings per share (EPS) for the period topping the consensus outlook (set at 2.5) by 0.49. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.20% 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
Bunge Global SA (BG) is currently performing well based on its current performance indicators. A quick ratio of 0.96 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 0.25. Likewise, its price to free cash flow for the trailing twelve months is 11.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.82, a number that is poised to hit 2.15 in the next quarter and is forecasted to reach 9.65 in one year’s time.
Technical Analysis of Bunge Global SA (BG)
Bunge Global SA (NYSE: BG) saw its 5-day average volume 0.84 million, a negative change from its year-to-date volume of 1.51 million. As of the previous 9 days, the stock’s Stochastic %D was 91.73%. Additionally, its Average True Range was 2.20.
During the past 100 days, Bunge Global SA’s (BG) raw stochastic average was set at 28.75%, which indicates a significant decrease from 85.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.20% in the past 14 days, which was lower than the 26.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.84, while its 200-day Moving Average is $101.47. Nevertheless, the first resistance level for the watch stands at $101.23 in the near term. At $102.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $103.00. If the price goes on to break the first support level at $99.46, it is likely to go to the next support level at $98.61. Assuming the price breaks the second support level, the third support level stands at $97.69.
Bunge Global SA (NYSE: BG) Key Stats
Market capitalization of the company is 14.21 billion based on 141,595K outstanding shares. Right now, sales total 59,540 M and income totals 2,243 M. The company made 13,241 M in profit during its latest quarter, and 70,000 K in sales during its previous quarter.
