During The Past Six Months, Grupo Financiero Galicia ADR (NASDAQ: GGAL) Shares Took An 89.74% Jump. Here Is What We Should Expect

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During the recent session, Grupo Financiero Galicia ADR (NASDAQ:GGAL)’s traded shares were 1.46 million, with the beta value of the company hitting 1.92. At the last check today, the stock’s price was $39.24, reflecting an intraday gain of 4.14% or $1.56. The 52-week high for the GGAL share is $37.78, that puts it up 3.72 from that peak though still a striking 75.0% gain since the share price plummeted to a 52-week low of $9.81. The company’s market capitalization is $4.68B, and the average intraday trading volume over the past 10 days was 0.93 million shares, and the average trade volume was 1.04 million shares over the past three months.

Grupo Financiero Galicia ADR (GGAL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.80. GGAL has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.38.

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Grupo Financiero Galicia ADR (NASDAQ:GGAL) trade information

Grupo Financiero Galicia ADR (GGAL) registered a 4.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.14% in intraday trading to $39.24, hitting a weekly high. The stock’s 5-day price performance is 13.15%, and it has moved by 41.23% in 30 days. Based on these gigs, the overall price performance for the year is 134.97%. The short interest in Grupo Financiero Galicia ADR (NASDAQ:GGAL) is 4.97 million shares and it means that shorts have 5.26 day(s) to cover.

The consensus price target of analysts on Wall Street is $36, which implies a decrease of -9.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $36 and $36 respectively. As a result, GGAL is trading at a premium of 8.26% off the target high and 8.26% off the low.

Grupo Financiero Galicia ADR (GGAL) estimates and forecasts

Statistics show that Grupo Financiero Galicia ADR has underperformed its competitors in share price, compared to the industry in which it operates. Grupo Financiero Galicia ADR (GGAL) shares have gone up 89.74% during the last six months, with a year-to-date growth rate less than the industry average at -47.25% against 3.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -67.50% this quarter and then drop -45.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -56.10% 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 16.66%. While earnings are projected to return 275.37% in 2024.

GGAL Dividends

Grupo Financiero Galicia ADR is due to release its next quarterly earnings on 2024-Nov-19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Grupo Financiero Galicia ADR is 0.29, with the dividend yield indicating at 0.74 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.95%.

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

The next largest institutional holding, with 1.49 million shares, is of PRICE T ROWE ASSOCIATES INC /MD/’s that is approximately 0.0012% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $45.49 million.