Grupo Supervielle S.A. (NYSE:SUPV) is one of the stocks that are grabbing investor focus today: skyrocketing 3.27% or (0.09 points) to $2.84 from its previous close of $2.75. 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 235317 contracts so far this session. SUPV shares had a relatively better volume day versus average trading capacity of 1 million shares, but with a 65.64 million float and a -1.79% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SUPV stock indicates that the average analyst price target is $7.39 per share. This means the stock has a potential increase of 160.21% from where the SUPV share price has been trading recently which is between $2.631 and $2.77. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.6. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $12.89.
During the recent trading session for Grupo Supervielle S.A. (NYSE:SUPV), the company witnessed their stock rise $0.04 over a week and tumble down $-0.24 from the price 20 days ago. When compared to their established 52-week high of $11.62, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/02/19. The recent low of $2.25 stood for a -75.56% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.65 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 SUPV is set at $12, a figure which is above the recent 1-year high the stock witnessed.
Looking at the current readings for Grupo Supervielle S.A., the two-week RSI stands at 50.67. This figure suggests that SUPV 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 SUPV readings is similarly very revealing as it has a stochastic reading of 61.49% at this stage. This figure means that SUPV share price today is being neutral.
Technical chart claims that Grupo Supervielle S.A. (SUPV) would settle between $2.8/share to $2.86/share level. However, if the stock price goes below the $2.66 mark, then the market for Grupo Supervielle S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $2.58 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.04. 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.
Analysts at Citigroup lowered their recommendation on shares of SUPV from Neutral to Sell in their opinion released on September 19. BofA/Merrill analysts have lowered their rating of Grupo Supervielle S.A. (NYSE:SUPV) stock from Neutral to Underperform in a separate flash note issued to investors on September 19. Analysts at Morgan Stanley lowered the stock to a Underweight call from its previous Overweight recommendation, in a research note that dated back to August 12.
SUPV equity has an average rating of 2.45, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated Grupo Supervielle S.A. (NYSE:SUPV) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SUPV stock price is currently trading at 3.24X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 11.3. Grupo Supervielle S.A. current P/B ratio of 0.7 means it is trading at a discount against its industry’s 1.3.
Grupo Supervielle S.A. (SUPV)’s current-quarter revenues are projected to climb by nearly 8.4% to hit $133780, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 44.1% from $373070 to a noteworthy $537430. At the other end of the current quarter income statement, Grupo Supervielle S.A. is expected to see its adjusted earnings surge by roughly 84.6% to hit $0.24 per share. For the fiscal year, SUPV’s earnings are projected to climb by roughly -14.7% to hit $0.87 per share.