Should Azul S.A. ADR (NYSE: AZUL) Rally After -431.13% Drop From High?

Azul S.A. ADR (NYSE:AZUL)’s traded shares stood at 0.58 million during the latest session, with the company’s beta value hitting 2.00.The AZUL share’s 52-week high remains $11.26, putting it -431.13% down since that peak but still an impressive 4.72% since price per share fell to its 52-week low of $2.02. The company has a valuation of $236.76M, with an average of 5.7 million shares in intraday trading volume over the past 10 days and average of 2.47 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Azul S.A. ADR (AZUL), translating to a mean rating of 2.29. Of 6 analyst(s) looking at the stock, 0 analyst(s) give AZUL a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.

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Azul S.A. ADR (NYSE:AZUL) trade information

The 5-day price performance for the stock is -15.20%, and -46.73% over 30 days. With these gigs, the year-to-date price performance is -78.12%. Short interest in Azul S.A. ADR (NYSE:AZUL) saw shorts transact 10.04 million shares and set a 3.97 days time to cover.

The extremes give us $9.1 and $12 for target low and target high price respectively. As such, AZUL has been trading -466.04% off suggested target high and -329.25% from its likely low.

Azul S.A. ADR (AZUL) estimates and forecasts

Looking at statistics comparing Azul S.A. ADR share performance against respective industry, we note that the company has outperformed competitors. Azul S.A. ADR (AZUL) shares are -72.36% down over the last 6 months, with its year-to-date growth rate higher than industry average at 66.75% against -19.10%. Revenue is forecast to grow 78.10% this quarter before jumping 138.30% for the next one. The rating firms project that company’s revenue will shrink -6.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 948.94M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 1.03B.Earnings reports from the last fiscal year show that sales brought in 1.01B and 1.02B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.70% before jumping 1.50% in the following quarter.

AZUL Dividends

Azul S.A. ADR has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Azul S.A. ADR (NYSE:AZUL)’s Major holders

The next major institution holding the largest number of shares is LONG FOCUS CAPITAL MANAGEMENT, LLC with 4.45 million shares, or about 3.8458% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $17.82 million.