Banco Bradesco (NYSE:BBD) share price soared 0.51% or 0.05 points to reach at $9.84 during previous trading session. The stock’s price fluctuated within the range of $9.81 – $9.95 during previous trading session. A total of 10.94M shares exchanged hands, whereas the company’s average trading volume stands at 10.85M shares. Banco Bradesco (NYSE:BBD) has a market capitalization of $55.06B and most recently 2.76B outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Banco Bradesco (NYSE:BBD) is at 41.89.
According to sentiments of 7 analysts the mean estimates of short term price target for the company’s stock is marked at $8.94. The most optimistic analyst sees the stock reaching $11.00 while the most conventional predicts the target price at $3.18.
The consensus means EPS for the current quarter is at $0.24 derived from a total of 4 estimates. According to analysts minimum EPS for the current quarter is expected at $0.23 and can go high up to $0.26. However a year ago during same quarter Banco Bradesco (NYSE:BBD) reported $0.19 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.23 per share according to consensus of 4 analysts.
According to sentiments of 2 analysts the company is expected to report revenues of $8.3B for the current quarter. Bearish revenue estimates established at $8.19B while the bullish revenue forecast has been figured out at $8.41B.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.83 on the shares of Banco Bradesco (NYSE:BBD). Out of rating recommendations 1 have given the stock a Buy while 0 recommend the stock as Outperform. 4 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Banco Bradesco (NYSE:BBD) distance from 20 day simple moving average is -3.29% whereas its distance from 50 day simple moving average is -4.86% along with 6.19% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Banco Bradesco (NYSE:BBD) shares were trading -12.43% below from the 52-week high mark of $11.24 and 69.09% above from the 52-week bottom of $5.82. The stock hit its 52-week high price on 02/23/17, and 52-week low price on 05/31/16.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 0.51% in the past one week and plunged -2.03% during previous one month drive, the stock went down -0.44% during past quarter. In the last six months the stock’s performance fell -0.88% while yearly performance of the company advanced 43.95%. The company’s year to date (YTD) performance is at 13.25%.
While taking a glance at financials, we can look at a number of key indicators. Banco Bradesco (NYSE:BBD) has a Return on Assets (ROA) of 1.70%. The company currently has a Return on Equity (ROE) of 20.20% and a Return on Investment (ROI) of 9.10%. Average true range (ATR-14) of the company sets at 0.32, along with its weekly and monthly volatility of 3.24%, 2.90% respectively. Beta value of the stock stands at 1.73.