As of June 21, 2023, Bank Bradesco’s stock has formed a “golden cross,” which is a positive indication for investors. This phenomenon occurs when a shorter-term moving average (in this case, the 50-day simple moving average) surpasses a longer-term moving average (the 200-day simple moving average). This shift in trend suggests that the stock is on an upward trajectory and may continue to rise. However, it’s important to note that experienced investors do not solely rely on golden crosses as a trading strategy. Instead, they use this signal as a starting point to assess other factors such as price levels, company fundamentals, and upcoming events before making any investment decisions.
Banco Bradesco S.A.
BBDO
Strong Buy
Updated on: 07/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
BBDO Stock Price Remains Stable on June 21, 2023 with Positive Revenue Growth and Mixed Industry Comparison
On June 21, 2023, BBDO’s stock opened at $3.09, higher than the previous day’s close of $3.00. The day’s range remained at $3.09, and the volume was 8,657, lower than the average volume of 22,152 in the past three months. The market cap of BBDO was $15.2 billion.
The earnings growth of BBDO for the last year was -0.21%, and no earnings growth was reported for this year. The revenue growth for the last year was reported to be +43.91%. The P/E ratio of BBDO was 9.0, and the price/sales ratio was 0.44. The price/book ratio was 1.02.
The comparison of BBDO’s stock performance with other companies in the same sector and industry showed that Huntington Bancshares and Regions Financial Co. experienced a decrease in their stock prices. Huntington Bancshares’ stock price decreased by 0.42%, and Regions Financial Co.’s stock price decreased by 0.56%.
On the other hand, Credicorp Ltd’s stock price increased by 0.30%. The annual revenue for the last year was $62.2 billion, and the annual profit for the last year was $4.1 billion. The net profit margin was 6.53%.
In conclusion, on June 21, 2023, BBDO’s stock price remained stable, and the volume was lower than the average volume in the past three months. The market cap of BBDO was $15.2 billion. The earnings growth for the last year was negative, and no earnings growth was reported for this year. However, the revenue growth for the last year was positive. The comparison of BBDO’s stock performance with other companies in the same sector and industry showed mixed results.
BBDO Stock Performance: Limited Information Available as of June 2023
As of June 21, 2023, there is limited information available regarding the stock performance of BBDO. According to CNN Money, there are no forecast data or recommendations available at this time. However, it is important to note that the current quarter’s earnings per share and sales figures are also unknown, with the reporting date still to be determined.
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