The stock of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) is now priced at $4.67 and the shares are 0.01 points up or 0.21% higher compared to its previous closing price of $4.66. The stock had 148748 contracts set over the past session. AVAL shares’ daily volume is compared to its average trading volume at 602393 shares. However, it has a float of 193 million and although its performance was 2.64% over the week, it’s one to watch. Analysts have given the AVAL stock a yearly average price target of $5.2 per share. It means the stock’s upside potential is 11.35% with the AVAL share price recently placing at $4.6 to $4.69. However, some brokerage firms have priced the stock below the average, including one that has called $5.2.
The shorts are running away from the Grupo Aval Acciones y Valores S.A. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the AVAL shares have declined. Short interest in the stock represents just 0.08% 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, Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) raised by $0.12 over the week and gained $0.05 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $8.92. The stock recorded its established 52-week high on 01/09/20.
Since 03/23/20, the stock has traded to a low of $3.32 at 40.66%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Grupo Aval Acciones y Valores S.A.’s two-week RSI is 59.17. This suggests that the stock is neutral at the moment and that AVAL shares’ price movement remains stable. The stochastic readings are equally revealing at 85.64% meaning the AVAL share price is currently in oversold territory.
The technical chart shows that the AVAL stock will likely settle at between $4.71 and $4.74 per share. However, if the stock dips below $4.62, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $4.56.
Currently, the stock is trading in the green of MACD, with a reading of 0.07. 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 Citigroup cut their recommendation for AVAL from Buy to Neutral in May 28 review. Citigroup analysts upgraded their recommendation of the stock from Neutral to Buy in a flash note released to investors on October 16. Citigroup seeing the improvements upgraded the stock from Sell to Neutral on April 04.
The average rating for the AVAL equity is 2.5 and is currently gathering a bullish momentum. Of 2 analysts tracking Grupo Aval Acciones y Valores S.A. polled by Reuters, 1 rated AVAL as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the AVAL stock price is 6.67X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 6.4below the group’s average of 10.8. Grupo Aval Acciones y Valores S.A. has its P/E ratio at 1, which means that the stock is currently trading at a premium relative to the 0.8 industry average.