Market Recap: Grupo Financiero Galicia ADR (GGAL)’s Negative Momentum, Closing at 63.33

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The closing price of Grupo Financiero Galicia ADR (NASDAQ: GGAL) was $63.33 for the day, down -7.85% from the previous closing price of $68.72. In other words, the price has decreased by -$7.85 from its previous closing price. On the day, 1.77 million shares were traded. GGAL stock price reached its highest trading level at $70.0644 during the session, while it also had its lowest trading level at $63.1501.

Ratios:

Our analysis of GGAL’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.05.

On August 30, 2024, JP Morgan Upgraded its rating to Overweight which previously was Underweight but kept the price unchanged to $54.

BofA Securities Upgraded its Underperform to Buy on August 08, 2024, whereas the target price for the stock was revised from $28 to $36.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GGAL now has a Market Capitalization of 11407619072 and an Enterprise Value of -5296102047744. As of this moment, Grupo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.95, and their Forward P/E ratio for the next fiscal year is 8.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at -0.802.

Stock Price History:

Over the past 52 weeks, GGAL has reached a high of $70.30, while it has fallen to a 52-week low of $14.21. The 50-Day Moving Average of the stock is 14.80%, while the 200-Day Moving Average is calculated to be 69.30%.

Shares Statistics:

GGAL traded an average of 1.03M shares per day over the past three months and 1355750 shares per day over the past ten days. A total of 119.35M shares are outstanding, with a floating share count of 119.25M. Insiders hold about 0.09% of the company’s shares, while institutions hold 25.55% stake in the company. Shares short for GGAL as of 1732838400 were 3547791 with a Short Ratio of 3.46, compared to 1730332800 on 3477031. Therefore, it implies a Short% of Shares Outstanding of 3547791 and a Short% of Float of 4.21.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.95.

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