Banco Macro S.A. ADR (NYSE:BMA) 44.57% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Banco Macro S.A. ADR (NYSE:BMA) saw 0.32 million shares changing hands with its beta currently measuring 1.61. Company’s recent per share price level of $20.24 trading at $0.95 or 4.92% at ring of the bell on the day assigns it a market valuation of $1.27B. That closing price of BMA’s stock is at a discount of -36.17% from its 52-week high price of $27.56 and is indicating a premium of 44.57% from its 52-week low price of $11.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 242.42K if we extend that period to 3-months.

Banco Macro S.A. ADR (NYSE:BMA) trade information

Upright in the green during last session for gaining 4.92%, in the last five days BMA remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $20.24 price level, adding 1.8% to its value on the day. Banco Macro S.A. ADR’s shares saw a change of 35.14% in year-to-date performance and have moved 3.64% in past 5-day. Banco Macro S.A. ADR (NYSE:BMA) showed a performance of 7.89% in past 30-days. Number of shares sold short was 0.44 million shares which calculate 1.74 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $40.53 to the stock, which implies a rise of 50.06% to its current value. Analysts have been projecting $14.00 as a low price target for the stock while placing it at a high target of $103.42. It follows that stock’s current price would drop -410.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 30.83% for stock’s current value.

Banco Macro S.A. ADR (BMA) estimates and forecasts

Statistics highlight that Banco Macro S.A. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 25.58% of value to its shares in past 6 months, showing an annual growth rate of 17.11% while that of industry is 6.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 67.60% in the current quarter and calculating -5.60% decrease in the next quarter. This year revenue growth is estimated to fall -71.60% from the last financial year’s standing.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.82% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -13.18% while estimates for its earnings growth in next 5 years are of 24.74%.

BMA Dividends

Banco Macro S.A. ADR is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Banco Macro S.A. ADR (NYSE:BMA)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 5.74 percent of that, with stock having share float percentage of 5.74%. Investors also watch the number of corporate investors in a company very closely, which is 5.74% institutions for Banco Macro S.A. ADR that are currently holding shares of the company. Millennium Management Llc is the top institutional holder at BMA for having 0.34 million shares of worth $6.88 million. And as of Sep 29, 2023, it was holding 0.54% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 0.25 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 0.40% of outstanding shares, having a total worth of $5.14 million.

On the other hand, Global X Fds-Global X MSCI Argentina ETF and Invesco ETF Tr-Invesco Zacks Multi Asset Income ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.14 million shares of worth $2.74 million or 0.22% of the total outstanding shares. The later fund manager was in possession of 36881.0 shares on Sep 29, 2023, making its stake of worth around $0.75 million in the company or a holder of 0.06% of company’s stock.

On Key

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