As The Stock Rises By 101.77% Year-To-Date, BBVA Argentina ADR (NYSE: BBAR)’S Stock Continues To Progress In 2024

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During the last session, BBVA Argentina ADR (NYSE:BBAR)’s traded shares were 0.72 million, with the beta value of the company hitting 1.50. At the end of the trading day, the stock’s price was $9.25, reflecting an intraday gain of 4.05% or $0.36. The 52-week high for the BBAR share is $10.16, that puts it down -9.84 from that peak though still a striking 65.51% gain since the share price plummeted to a 52-week low of $3.19. The company’s market capitalization is $1.89B, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 849.44K shares over the past three months.

BBVA Argentina ADR (NYSE:BBAR) trade information

BBVA Argentina ADR (BBAR) registered a 4.05% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.05% in intraday trading to $9.25, hitting a weekly high. The stock’s 5-day price performance is 18.14%, and it has moved by 7.15% in 30 days. Based on these gigs, the overall price performance for the year is 115.34%. The short interest in BBVA Argentina ADR (NYSE:BBAR) is 2.09 million shares and it means that shorts have 4.04 day(s) to cover.

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BBVA Argentina ADR (BBAR) estimates and forecasts

Statistics show that BBVA Argentina ADR has underperformed its competitors in share price, compared to the industry in which it operates. BBVA Argentina ADR (BBAR) shares have gone up 117.36% during the last six months, with a year-to-date growth rate less than the industry average at -15.91% against 3.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -25.70% this quarter and then drop -71.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -34.50% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.12%. While earnings are projected to return 77.25% in 2024, the next five years will return 31.93% per annum.

BBAR Dividends

BBVA Argentina ADR is due to release its next quarterly earnings 2024-Aug-21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 5.87%.

BBVA Argentina ADR (NYSE:BBAR)’s Major holders

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The next largest institutional holding, with 1.23 million shares, is of ARROWSTREET CAPITAL, LIMITED PARTNERSHIP’s that is approximately 0.6003% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $10.4 million.

Also, the Mutual Funds coming in first place with the largest holdings of BBVA Argentina ADR (BBAR) shares are Global X Fds-Global X MSCI Argentina ETF and Global Macro Capital Opportunities Portfolio . Data provided on Jun 30, 2024 indicates that Global X Fds-Global X MSCI Argentina ETF owns about 871.18 shares. This amounts to just over 0.43 percent of the company’s overall shares, with a $8.06 million market value. The same data shows that the other fund manager holds slightly less at 142.3, or about 0.07% of the stock, which is worth about $1.32 million.