How have the shares performed?
Grupo Financiero Galicia S.A. (GGAL) saw downtrend of -4.62% in the recent trading with $9.91 being its most recent. The current price level -33.67% lower than the highest price of $14.94 marked by the stock while trading over the past 52-weeks, whereas it is 69.11% higher than the lowest price of $5.86 the company dropped to over past 52-weeks. The latest news story on GGAL appeared in Zacks under the title “Why Grupo Financiero Galicia (GGAL) Might Surprise This Earnings Season” on Jun-04-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -6.86% below one month high and is +30.57% above of the lowest during that time. Looking into the simple moving average, Grupo Financiero Galicia S.A. (GGAL)’s stock stands at a SMA-50 of $8.12 while that of 5-day is reading $10.10.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GGAL’s SMA-200 as of now is $8.09.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.60 for the stock.
Grupo Financiero Galicia S.A. Earnings – What Happened With GGAL
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Grupo Financiero Galicia S.A. (GGAL) last released financial results for the quarter that ended 9/29/2020, posting a surprise factor of -14.80% for net revenue. During the reported three-month period, company’s sales were $54.58 billion while analysts on average were estimating the same to be $375.56 million.
GGAL – Grupo Financiero Galicia S.A. Stock Earnings Estimates
The perspective of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.61 for stock’s EPS in the current quarter. 3 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.52.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 147.47 million. GGAL does have institutional investors; and they hold 8.50% of the stock.
Grupo Financiero Galicia S.A. – Insider Activity and Holdings
As on Dec 30, 2020, Blackrock Inc. was the top most holder in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) with an ownership of 3.08 million shares of the company or 2.69% of the stake worth $26.9 million. The filing also reveals State Street Corporation as the second largest holder in the company with a control over 0.95% of the outstanding shares. Its stake is worth $9.53 million for having 1.09 million shares in hand.
Grantham Mayo Van Otterloo & Company also came holding a key position in the company during the recent quarter and it now holds 0.65% of the outstanding shares. With this there are now 120 institutions which have possession in GGAL’s shares.
Currently, the stock has been recommended as Hold by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.60 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Grupo Financiero Galicia S.A. was 5.76 while posting a debt to equity ratio of 0.69. The count was 15.69 for long-term debt to equity ratio.
Technical Analysis of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Grupo Financiero Galicia S.A. (GGAL), we notice that the stock’s 20-day average volume is at 1,066,720 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 749,144 shares. And to end, GGAL’s 100-day average volume is 716,278 shares with 50% of the long-term indicators pointing towards Buy for the stock.