Azul S.A. ADR (AZUL) Has A Bright Growth Prospects For 2024

Azul S.A. ADR (NYSE:AZUL) has a beta value of 2.00 and has seen 1.24 million shares traded in the last trading session. The company, currently valued at $309.35M, closed the last trade at $2.77 per share which meant it gained $0.12 on the day or 4.53% during that session. The AZUL stock price is -306.5% off its 52-week high price of $11.26 and 27.08% above the 52-week low of $2.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.54 million shares traded. The 3-month trading volume is 2.77 million shares.

The consensus among analysts is that Azul S.A. ADR (AZUL) is Buy stock at the moment, with a recommendation rating of 2.57. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.39.

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

Sporting 4.53% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AZUL stock price touched $2.77 or saw a rise of 10.65%. Year-to-date, Azul S.A. ADR shares have moved -71.41%, while the 5-day performance has seen it change -7.36%. Over the past 30 days, the shares of Azul S.A. ADR (NYSE:AZUL) have changed -13.17%. Short interest in the company has seen 7.71 million shares shorted with days to cover at 2.98.

Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 65.38% from current levels. The projected low price target is $4.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -333.21% off the targeted high while a plunge would see the stock gain -44.4% from current levels.

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

Figures show that Azul S.A. ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -56.85% over the past 6 months, with this year growth rate of 58.13%, compared to -15.30% for the industry. Revenue growth from the last financial year stood is estimated to be -7.20%.

5 analysts offering their estimates for the company have set an average revenue estimate of 920.23M for the current quarter. 5 have an estimated revenue figure of 1.01B for the next ending quarter. Year-ago sales stood 1.01B and 1.02B respectively for this quarter and the next, and analysts expect sales will shrink by -8.60% for the current quarter and -7.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.64% over the past 5 years.

AZUL Dividends

Azul S.A. ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are FRONTIER CAPITAL MANAGEMENT CO LLC with over 8.09 million shares worth more than $32.38 million. As of 2024-06-30, FRONTIER CAPITAL MANAGEMENT CO LLC held 6.9891% of shares outstanding.

The other major institutional holder is LONG FOCUS CAPITAL MANAGEMENT, LLC, with the holding of over 4.45 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.82 million and represent 3.8458% of shares outstanding.