The stock of YPF Sociedad Anonima (NYSE:YPF) is now priced at $5.64 and the shares are 0.06 points up or 1.08% higher compared to its previous closing price of $5.58. The stock had 1.106 million contracts set over the past session. YPF shares’ daily volume is compared to its average trading volume at 1.639 million shares. However, it has a float of 172 million and although its performance was 1.62% over the week, it’s one to watch. Analysts have given the YPF stock a yearly average price target of $7.7 per share. It means the stock’s upside potential is 36.52% with the YPF share price recently placing at $5.55 to $5.77. However, some brokerage firms have priced the stock below the average, including one that has called $2.8.
The shorts are running away from the YPF Sociedad Anonima stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the YPF shares have declined. Short interest in the stock represents just 3.9% of its float, but the volume has dropped by 0.
In the last trading session, YPF Sociedad Anonima (NYSE:YPF) raised by $0.09 over the week and lost -$1.17 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $12.14. The stock recorded its established 52-week high on 12/24/19.
Since 03/18/20, the stock has traded to a low of $2.25 at 150.67%, 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 1.65. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, YPF Sociedad Anonima’s two-week RSI is 45.12. This suggests that the stock is neutral at the moment and that YPF shares’ price movement remains stable. The stochastic readings are equally revealing at 44.5% meaning the YPF share price is currently in neutral territory.
The technical chart shows that the YPF stock will likely settle at between $5.76 and $5.87 per share. However, if the stock dips below $5.54, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $5.43.
Currently, the stock is trading in the green of MACD, with a reading of 0.13. 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 HSBC Securities cut their recommendation for YPF from Hold to Reduce in July 24 review. JP Morgan analysts downgraded their recommendation of the stock from Neutral to Underweight in a flash note released to investors on June 22. Citigroup seeing the improvements upgraded the stock from Sell to Neutral on April 29.
The average rating for the YPF equity is 3.15 and is currently gathering a bearish momentum. Of 14 analysts tracking YPF Sociedad Anonima polled by Reuters, 7 rated YPF as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 5 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the YPF stock price is 85.45X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for YPF Sociedad Anonima (NYSE:YPF) will decrease by about -98.17%, which will see them reach $2450 million. The company’s full-year revenues are, however, expected to diminish by about -28.67%, down from $14100 million to $10100 million. YPF’s expected adjusted earnings should drop almost -40.63% to end up at -$0.38 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -24.44% to record -$1.36/share.