Grupo Financiero Galicia ADR (NASDAQ: GGAL): Why Investors Shouldn’t Ditch GGAL Stock In 2023

In the last trading session, 4.65 million Grupo Financiero Galicia ADR (NASDAQ:GGAL) shares changed hands as the company’s beta touched 1.86. With the company’s per share price at $14.65 changed hands at $2.15 or 17.20% during last session, the market valuation stood at $1.75B. GGAL’s last price was a discount, traded about -26.28% off its 52-week high of $18.50. The share price had its 52-week low at $6.46, which suggests the last value was 55.9% up since then. When we look at Grupo Financiero Galicia ADR’s average trading volume, we note the 10-day average is 0.51 million shares, with the 3-month average coming to 787.09K.

Analysts gave the Grupo Financiero Galicia ADR (GGAL) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 2 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended GGAL as a Hold, 0 felt it is a Buy and 1 rated the stock as Underweight. Grupo Financiero Galicia ADR’s EPS for the current quarter is expected to be $5.68.

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Grupo Financiero Galicia ADR (NASDAQ:GGAL) trade information

Instantly GGAL was in green as seen at the end of in last trading. With action 25.64%, the performance over the past five days has been green. The jump to weekly highs of 15.81 on Monday, 11/20/23 added 17.20% to the stock’s daily price. The company’s shares are showing year-to-date upside of 63.15%, with the 5-day performance at 25.64% in the green. However, in the 30-day time frame, Grupo Financiero Galicia ADR (NASDAQ:GGAL) is 29.30% up. Looking at the short shares, we see there were 1.7 million shares sold at short interest cover period of 2.55 days.

The consensus price target for the stock as assigned by Wall Street analysts is $21.84, meaning bulls need an upside of 32.92% from its current market value. According to analyst projections, GGAL’s forecast low is $7.00 with $64.57 as the target high. To hit the forecast high, the stock’s price needs a -340.75% plunge from its current level, while the stock would need to tank 52.22% for it to hit the projected low.

Grupo Financiero Galicia ADR (GGAL) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Grupo Financiero Galicia ADR will rise 1,858.60%, while the growth in revenue is estimated to hit 762.50% for the next quarter. Year-over-year growth is forecast to reach 36.40% up from the last financial year.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.75%. The 2023 estimates are for Grupo Financiero Galicia ADR earnings to decrease by -70.59%.

GGAL Dividends

Grupo Financiero Galicia ADR is expected to release its next quarterly earnings report in December. The 5.12% annual yield figure for the share gives it an annual dividend of 0.75. It is important to note, however, that the 5.12% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Grupo Financiero Galicia ADR (NASDAQ:GGAL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.00% of Grupo Financiero Galicia ADR shares while 12.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.05%. There are 12.05% institutions holding the Grupo Financiero Galicia ADR stock share, with INCA Investments, LLC the top institutional holder. As of Jun 29, 2023, the company held 2.22% of the shares, roughly 2.65 million GGAL shares worth $45.5 million.

Arrowstreet Capital, Limited Partnership holds the second largest percentage of outstanding shares, with 0.84% or 1.0 million shares worth $17.21 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Driehaus Emerging Markets Growth Fund and Global X Fds-Global X MSCI Argentina ETF. With 0.41 million shares estimated at $7.13 million under it, the former controlled 0.35% of total outstanding shares. On the other hand, Global X Fds-Global X MSCI Argentina ETF held about 0.22% of the shares, roughly 0.26 million shares worth around $3.39 million.

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