Suzano S.A. (NYSE:SUZ) is 0.34 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 4.14% to $8.55 from its previous close of $8.21. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 103711 contracts so far this session. SUZ shares had a relatively better volume day versus average trading capacity of 320.78 thousand shares, but with a 0.17 billion float and a 4.59% run over a week, it’s definitely worth keeping an eye on. SUZ share price has been trading recently between $7.88 and $8.22. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $15.11. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $24.52.
During the recent trading session for Suzano S.A. (NYSE:SUZ), the company witnessed their stock rise $0.45 over a week and surge $0.36 from the price 20 days ago. When compared to their established 52-week high of $13.47, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 02/26/19. The recent low of $6.63 stood for a -36.53% since 08/26/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for SUZ is set at $16.89, a figure which is above the recent 1-year high the stock witnessed.
Looking at the current readings for Suzano S.A., the two-week RSI stands at 63.25. This figure suggests that SUZ stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SUZ readings is similarly very revealing as it has a stochastic reading of 66.81% at this stage. This figure means that SUZ share price today is being neutral.
Technical chart claims that Suzano S.A. (SUZ) would settle between $8.33/share to $8.44/share level. However, if the stock price goes below the $7.99 mark, then the market for Suzano S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $7.76 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.19. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Moving on, SUZ stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 39.6 while for the average stock in the same group, the multiple is 22.7. Suzano S.A. current P/B ratio of 2.2 means it is trading at a premium against its industry’s 1.5.