Check Out Sendas Distribuidora S.A. (ASAI)’s Trade Data Rather Than the Analysts’ Views

Sendas Distribuidora S.A. (NYSE: ASAI) stock fell -3.70% on Tuesday to $11.70 against a previous-day closing price of $12.15. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Grocery Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $12.37 whereas the lowest price it dropped to was $11.63. The 52-week range on ASAI shows that it touched its highest point at $20.98 and its lowest point at $10.50 during that stretch. It currently has a 1-year price target of $19.50. With its current market cap of 3.06 billion, ASAI has annualized dividend of $0.21 while the current yield stands at 1.76%.

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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 2.99%, but this was down by -8.95% over a month. Three-month performance dropped to -35.86% while six-month performance fell -34.55%. The stock lost -28.48% in the past year, while it has lost -36.10% so far this year. A look at the trailing 12-month EPS for ASAI yields 0.80 with Next year EPS estimates of 0.93.

Float and Shares Shorts:

At present, 269.80 million ASAI shares are outstanding with a float of 22.42 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.43 million, which was 0.90% higher than short shares on Mar 30, 2023. In addition to Mr. Belmiro de Figueiredo Gomes as the firm’s CEO, Member of Exec. Board & Director, Ms. Daniela Sabbag Papa serves as its CFO & Member of Exec. Board.

Institutional Ownership:

Through their ownership of 4.49% of ASAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.47% of ASAI, in contrast to 1.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ASAI with 1.47% of the stake, Orbis Investment Management Ltd. holds 3,968,761 shares worth 3,968,761. A second-largest stockholder of ASAI, Coronation Asset Management, holds 3,261,731 shares, controlling over 1.21% of the firm’s shares. Coronation International Ltd. is the third largest shareholder in ASAI, holding 3,162,787 shares or 1.17% stake. With a 0.19% stake in ASAI, the Coronation Global Emerging Market is the largest stakeholder. A total of 508,467 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 0.15% of ASAI stock, is the second-largest Mutual Fund holder. It holds 401,699 shares valued at 4.93 million. Vanguard Emerging Markets Stock I holds 0.14% of the stake in ASAI, owning 371,679 shares worth 4.56 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, ASAI reported revenue of $11.44B and operating income of $517.00M. The EBITDA in the recently reported quarter was $814.00M and diluted EPS was $0.79.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASAI since 0 analysts follow the stock currently. 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 $25.17 and a low target of $13.56, the average target price over the next 12 months is $20.41. Based on these targets, ASAI could surge 115.13% to reach the target high and rise by 15.9% to reach the target low. Reaching the average price target will result in a growth of 74.44% 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.

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