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Banco Macro S.A. (NYSE:BMA): An Opportunity for Fundamental Investors?

Banco Macro S.A. (NYSE:BMA) has a beta of 1.34, a 12-month trailing P/E ratio of 3.27, and a growth ratio of 0.13. The stock’s Relative Strength Index (RSI) is 67.60, with weekly volatility at 4.14% and ATR at 0.62. The BMA stock’s 52-week price range has touched low of $11.45 and a $26.79 high. Its shares traded higher over the last trading session, gaining 7.19% on 05/28/21. The shares fell to a low of $15.26 before closing at $16.39. Intraday shares traded counted 0.49 million, which was -62.03% lower than its 30-day average trading volume of 301.79K. BMA’s previous close was $15.29 while the outstanding shares total 63.94M.

Investors have identified the Banks – Regional company Banco Macro 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 $1.72 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.

Banco Macro S.A. (BMA) Fundamentals that are to be considered.

BMA were able to record 1.28 billion as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 871.55 million. In cash movements, the company had a total of 1.31 billion as operating cash flow.

Potential earnings growth for Banco Macro S.A. (BMA)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Banco Macro S.A. recorded a total of 504.01 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -41.75% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 13.07%.

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 214.14 million trying to sell their products during the last quarter, with the result yielding a gross income of 289.88 million. This allows shareholders to hold on to 63.94M with the recently reported earning now reading 1.30 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.37 cents a share).

Having a look at the company’s valuation, the company is expected to record 4.10 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BMA sounds very interesting.

Is the stock of BMA attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 40.90%.

2 out of 10 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Banco Macro S.A.. 4 analysts has assigned a Sell rating on the BMA stock. The 12-month mean consensus price target for the company’s shares has been set at $16.69.

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