Sendas Distribuidora S.A. (ASAI) Performance and Fundamentals Dashboard tells a completely different story

Sendas Distribuidora S.A. (NYSE: ASAI) stock jumped 9.73% on Friday to $17.70 against a previous-day closing price of $16.13. With 0.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Grocery Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $17.87 whereas the lowest price it dropped to was $16.76. The 52-week range on ASAI shows that it touched its highest point at $18.62 and its lowest point at $9.73 during that stretch. It currently has a 1-year price target of $22.10. With its current market cap of 4.92 billion, ASAI has annualized dividend of $0.16 while the current yield stands at 0.92%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASAI was up-trending over the past week, with a rise of 7.53%, but this was down by -0.78% over a month. Three-month performance surged to 30.53% while six-month performance rose 0.23%. The stock lost -0.65% in the past year, while it has gained 49.37% so far this year. A look at the trailing 12-month EPS for ASAI yields 1.10 with Next year EPS estimates of 5.88. For the next quarter, that number is 1.10. This implies an EPS growth rate of 55.90% for this year and 75.51% for next year.

Float and Shares Shorts:

At present, 269.40 million ASAI shares are outstanding with a float of 159.28 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.33 million, which was 0.12% higher than short shares on Jun 14, 2022. In addition to Mr. Belmiro de Figueiredo Gomes as the firm’s CEO & Member of Exec. Board, Ms. Daniela Sabbag Papa serves as its CFO & Member of Exec. Board.

Institutional Ownership:

Through their ownership of 5.63% of ASAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.40% of ASAI, in contrast to 1.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ASAI with 2.20% of the stake, Coronation Asset Management holds 5,922,245 shares worth 5,922,245. A second-largest stockholder of ASAI, SPX Equities Gestão de Recursos L, holds 1,105,658 shares, controlling over 0.41% of the firm’s shares. Soapstone Management LP is the third largest shareholder in ASAI, holding 1,000,000 shares or 0.37% stake. With a 0.17% stake in ASAI, the Vanguard Total International Stoc is the largest stakeholder. A total of 445,336 shares are owned by the mutual fund manager. The Coronation Global Emerging Market, which owns about 0.15% of ASAI stock, is the second-largest Mutual Fund holder. It holds 411,281 shares valued at 7.25 million. Vanguard Emerging Markets Stock I holds 0.15% of the stake in ASAI, owning 392,479 shares worth 6.92 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASAI since 12 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASAI analysts setting a high price target of $24.28 and a low target of $18.47, the average target price over the next 12 months is $21.35. Based on these targets, ASAI could surge 37.18% to reach the target high and rise by 4.35% to reach the target low. Reaching the average price target will result in a growth of 20.62% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ASAI will report FY 2022 earnings on 02/20/2023. Analysts have provided yearly estimates in a range of $0.86 being high and $0.60 being low. For ASAI, this leads to a yearly average estimate of $0.74. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sendas Distribuidora S.A. surprised analysts by $0.11 when it reported $0.23 EPS against a consensus estimate of $0.13. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.18.

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