Market Insight: Bunge Global SA (BG)’s Notable Drop, Closing at 110.33

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In the latest session, Bunge Global SA (NYSE: BG) closed at $110.33 down -0.69% from its previous closing price of $111.10. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.08 million shares were traded. BG stock price reached its highest trading level at $111.66 during the session, while it also had its lowest trading level at $109.13.

Ratios:

For a deeper understanding of Bunge Global SA’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.44.

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, HSBC Securities on February 09, 2024, Upgraded its rating to Buy and sets its target price to $105 from $122 previously.

On February 01, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $108.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 22 ’24 when Dimopoulos Christos sold 20,000 shares for $103.26 per share. The transaction valued at 2,065,200 led to the insider holds 87,999 shares of the business.

Dimopoulos Christos sold 20,000 shares of BG for $2,237,718 on Aug 16 ’23. The Co-President, Agribusiness now owns 73,291 shares after completing the transaction at $111.89 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BG now has a Market Capitalization of 15622177792 and an Enterprise Value of 19538216960. As of this moment, Bunge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.88, and their Forward P/E ratio for the next fiscal year is 11.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 0.339 whereas that against EBITDA is 5.741.

Stock Price History:

The Beta on a monthly basis for BG is 0.66, which has changed by 0.07885027 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, BG has reached a high of $116.59, while it has fallen to a 52-week low of $86.10. The 50-Day Moving Average of the stock is 4.51%, while the 200-Day Moving Average is calculated to be 8.45%.

Shares Statistics:

For the past three months, BG has traded an average of 1.39M shares per day and 1256710 over the past ten days. A total of 145.32M shares are outstanding, with a floating share count of 140.23M. Insiders hold about 0.96% of the company’s shares, while institutions hold 88.74% stake in the company. Shares short for BG as of 1719532800 were 4368152 with a Short Ratio of 3.14, compared to 1717113600 on 5738073. Therefore, it implies a Short% of Shares Outstanding of 4368152 and a Short% of Float of 4.99.

Dividends & Splits

According to the company, the forward annual dividend rate for BG is 2.67, from 2.65 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023852386The stock’s 5-year Average Dividend Yield is 2.9.

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