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Right Now May Be the Best Buy-In Window for Itau Unibanco Holding S.A. (ITUB)

For the readers interested in the stock health of Itau Unibanco Holding S.A. (ITUB). It is currently valued at $4.39. When the transactions were called off in the previous session, Stock hit the highs of $4.57, after setting-off with the price of $4.45. Company’s stock value dipped to $4.40 during the trading on the day. When the trading was stopped its value was $4.54.Recently in News on March 13, 2023, ITAÚ UNIBANCO – MATERIAL FACT – PAYMENT OF INTEREST ON CAPITAL. ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders, in the amount of R$0.262 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.2227 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made  on August 31, 2023, as usually done by the Company, based on the final stockholding position recorded on March 23, 2023, with their shares traded ex-rights starting March 24, 2023. You can read further details here

Itau Unibanco Holding S.A. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.07 on 11/04/22, with the lowest value was $3.90 for the same time period, recorded on 07/14/22.

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Itau Unibanco Holding S.A. (ITUB) full year performance was -8.21%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Itau Unibanco Holding S.A. shares are logging -26.06% during the 52-week period from high price, and 16.64% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.76 and $5.93.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 10428898 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Itau Unibanco Holding S.A. (ITUB) recorded performance in the market was -6.77%, having the revenues showcasing 0.79% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 43.42B, as it employees total of 100600 workers.

Market experts do have their say about Itau Unibanco Holding S.A. (ITUB)

During the last month, 0 analysts gave the Itau Unibanco Holding S.A. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.93, with a change in the price was noted -1.59. In a similar fashion, Itau Unibanco Holding S.A. posted a movement of -26.63% for the period of last 100 days, recording 39,109,234 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ITUB is recording 4.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.61.

Technical breakdown of Itau Unibanco Holding S.A. (ITUB)

Raw Stochastic average of Itau Unibanco Holding S.A. in the period of last 50 days is set at 9.90%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 9.90%. In the last 20 days, the company’s Stochastic %K was 15.45% and its Stochastic %D was recorded 12.69%.

Bearing in mind the latest performance of Itau Unibanco Holding S.A., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -6.77%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -11.62%, alongside a downfall of -8.21% for the period of the last 12 months. The shares increased approximately by -3.84% in the 7-day charts and went up by -14.46% in the period of the last 30 days. Common stock shares were driven by 0.79% during last recorded quarter.

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