The stock of Compania Cervecerias Unidas S.A. (NYSE:CCU) is now priced at $15.2 and the shares are 0.21 points up or 1.4% higher compared to its previous closing price of $14.99. The stock had 163102 contracts set over the past session. CCU shares’ daily volume is compared to its average trading volume at 203623 shares. However, it has a float of 57.45 million and although its performance was -2.63% over the week, it’s one to watch. Analysts have given the CCU stock a yearly average price target of $15.13 per share. It means the stock’s downside potential is -0.46% with the CCU share price recently placing at $14.635 to $15.2. However, some brokerage firms have priced the stock below the average, including one that has called $9844.56.
The shorts are running away from the Compania Cervecerias Unidas S.A. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the CCU shares have declined. Short interest in the stock represents just 0.52% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, Compania Cervecerias Unidas S.A. (NYSE:CCU) dropped by -$0.41 over the week and gained $0.2 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $29.4. The stock recorded its established 52-week high on 07/15/19.
Since 03/18/20, the stock has traded to a low of $11.25 at 35.11%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.72. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Compania Cervecerias Unidas S.A.’s two-week RSI is 53.96. This suggests that the stock is neutral at the moment and that CCU shares’ price movement remains stable. The stochastic readings are equally revealing at 47.43% meaning the CCU share price is currently in neutral territory.
The technical chart shows that the CCU stock will likely settle at between $15.39 and $15.58 per share. However, if the stock dips below $14.82, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $14.45.
Currently, the stock is trading in the red of MACD, with a reading of -0.22. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Goldman cut their recommendation for CCU from Buy to Neutral in January 22 review. HSBC Securities analysts upgraded their recommendation of the stock from Reduce to Hold in a flash note released to investors on June 01. Goldman seeing the improvements upgraded the stock from Neutral to Buy on March 19.
The average rating for the CCU equity is 3.5 and is currently gathering a bearish momentum. Of 4 analysts tracking Compania Cervecerias Unidas S.A. polled by Reuters, 2 rated CCU as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 2 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the CCU stock price is 20.16X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 19.5below the group’s average of 40.9. Compania Cervecerias Unidas S.A. has its P/E ratio at 1.7, which means that the stock is currently trading at a discount relative to the 2.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Compania Cervecerias Unidas S.A. (NYSE:CCU) will decrease by about -99.92%, which will see them reach $426.96 million. The company’s full-year revenues are, however, expected to diminish by about -19.31%, down from $2590 million to $2090 million. CCU’s expected adjusted earnings should drop almost -92.86% to end up at $0.01 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -32% to record $0.68/share.