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After finishing at $60.60 in the prior trading day, Banco Macro S.A. ADR (NYSE: BMA) closed at $64.49, up 6.42%. In other words, the price has increased by $6.42 from its previous closing price. On the day, 0.51 million shares were traded. BMA stock price reached its highest trading level at $64.64 during the session, while it also had its lowest trading level at $59.65.
Ratios:
Our goal is to gain a better understanding of BMA by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on August 30, 2024, Upgraded its rating to Neutral and sets its target price to $78 from $14 previously.
On August 08, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $53 to $62.
JP Morgan Downgraded its Neutral to Underweight on January 31, 2022, whereas the target price for the stock was revised from $15 to $12.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BMA now has a Market Capitalization of 5202098688 and an Enterprise Value of -4717611581440. As of this moment, Banco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.32, and their Forward P/E ratio for the next fiscal year is 4.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at -1.177.
Stock Price History:
Over the past 52 weeks, BMA has reached a high of $62.29, while it has fallen to a 52-week low of $15.44. The 50-Day Moving Average of the stock is 23.46%, while the 200-Day Moving Average is calculated to be 54.31%.
Shares Statistics:
The stock has traded on average 328.17K shares per day over the past 3-months and 359430 shares per day over the last 10 days, according to various share statistics. A total of 62.82M shares are outstanding, with a floating share count of 62.81M. Insiders hold about 0.02% of the company’s shares, while institutions hold 9.82% stake in the company. Shares short for BMA as of 1723680000 were 1180025 with a Short Ratio of 3.60, compared to 1721001600 on 884020. Therefore, it implies a Short% of Shares Outstanding of 1180025 and a Short% of Float of 5.47.
