Make Sure To Read Key Chart Data Before Trading Ambev S.A. (ABEV)

Ambev S.A. (ABEV), a Beverages—Brewers organization, was a market gainer in the prior market session. Ambev S.A. (ABEV) shares opened the day for trading at $2.1500 and closed the day at $2.0900 with negative move of -2.79%. This decrease change lagged the S&P 500’s +0.02% gain on the prior market day.

Ambev S.A. (ABEV) is focused on the Beverages—Brewers sector. This market sector has seen some movement from day traders in recent market sessions. Bullish day traders of Ambev S.A. (ABEV) will be looking for positive upcoming earnings whereas bearish day traders of Ambev S.A. (ABEV) will be looking for negative earnings. The last time Ambev S.A. (ABEV) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.02 compared to an estimate of $0.04 which was a difference of -$0.02 resulting in a change of -50.00%. Current earnings estimates are to be released for Current Qtr 06/2020 on Ambev S.A. (ABEV) and out of 1 Wall Street estimates the average is saying $0.02. The high estimate is saying $0.02 whereas the low estimate is saying $0.02 and the prior year Ambev S.A. (ABEV) announced earnings at $0.04 a growth rate est. (year over year) of -50.00%.

The market performance of Ambev S.A. (ABEV) has varied recently. Year to date Ambev S.A. (ABEV)’s shares are down -53.86%. Over the past 12 weeks Ambev S.A. (ABEV) is down -42.05% and over the last 4 weeks Ambev S.A. (ABEV) is down -10.42%. Gross Profit is $30.92B. .

Wall street day traders might also notice recent changes to stock analyst estimates for Ambev S.A. (ABEV). The stock is trading with an RSI (relative strength index) of 43.74 indicating Ambev S.A. (ABEV) is neither overbought nor oversold. Technically, ABEV’s short term support levels are around $17.13, $15.21 and $11.95 on the downside. ABEVs short term resistance levels are $28.91, $27.74 and $26.86 on the upside. The market cap of Ambev S.A. (ABEV) is $31.564B and institutions hold 8.30% of the stock. The outstanding share count stands at 15.73B while the short float (shares short) stands at 1.13%.

Stock market research indicates that these financial estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, ABEV has short term rating of Bearish (-0.38), Intermediate rating of Bearish (-0.30) and the long-term rating of Bearish (-0.25) giving it an overall rating of Bearish (-0.31).

The EPS growth this year on Ambev S.A. (ABEV) is decreased -26.30% and is expected to increase 7.10% next year. However, quarterly earnings (EPS) growth year over year on Ambev S.A. (ABEV) has decreased by -59.00% and quarterly revenue (Sales) growth year over year stands at -0.30%.