Enel Americas S.A. (NYSE:ENIA) moved down -8.73% in a month: Spotting A Buy Candidate

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Enel Americas S.A. (NYSE:ENIA) Relative Strength Index (RSI) is 34.23, with weekly volatility at 2.32% and ATR at 0.22. The ENIA stock’s 52-week price range has touched low of $6.22 and a $8.94 high. Intraday shares traded counted 2.12 million, which was 22.67% higher than its 30-day average trading volume of 2.74M. Its shares traded higher over the last trading session, gaining 0.29% on 05/24/21. The shares fell to a low of $6.855 before closing at $6.90. ENIA’s previous close was $6.88 while the outstanding shares total 1.52B. The firm has a beta of 1.10, a 12-month trailing P/E ratio of 13.12, and a growth ratio of 2.48.

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Investors have identified the Utilities – Regulated Electric company Enel Americas S.A. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $15.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Potential earnings growth for Enel Americas S.A. (ENIA)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Enel Americas S.A. recorded a total of 3.23 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -15.82% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 12.61%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.76 billion trying to sell their products during the last quarter, with the result yielding a gross income of 470.0 million. This allows shareholders to hold on to 1.52B with the recently reported earning now reading 0.12 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.30 cents a share).

Is the stock of ENIA attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 62.00%.

2 out of 4 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Enel Americas S.A.. 0 analysts has assigned a Sell rating on the ENIA stock. The 12-month mean consensus price target for the company’s shares has been set at $10.43.