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Petroleo Brasileiro S.A. – Petrobras’s Banking’s 100-Day Moving Average at 13.27: Will the Stock Break Through?

Petroleo Brasileiro S.A. – Petrobras (PBR) currently has a stock price of $15.20. The stock saw a sharp increase in the last trading session, hitting a high of $15.39 after opening at $15.015. The lowest recorded price for the day was $15.00 before it closed at $15.37.

The market performance of Petroleo Brasileiro S.A. – Petrobras has been somewhat stable. Over the past year, the company’s stock achieved a high of $15.52 on 10/21/22, with the lowest value for the same timeframe being $8.61, recorded on 12/14/22.

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52-week price history of PBR Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Petroleo Brasileiro S.A. – Petrobras’s current trading price is -2.01% away from its 52-week high, while its distance from the 52-week low is 76.51%. The stock’s price range during this period has fluctuated between $8.61 and $15.52. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 5.57 million for the day, which was evidently lower than the average daily volume of 20.9 million over the last three months.

Financial Performance and Market Capitalization

Petroleo Brasileiro S.A. – Petrobras (PBR) has experienced a quarterly rise of 11.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 96.36B and boasts a workforce of 45149 employees.

Analysts’ Ratings For Petroleo Brasileiro S.A. – Petrobras

As of right now, 6 analysts are rating Petroleo Brasileiro S.A. – Petrobras as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.27, with a change in price of +3.31. Similarly, Petroleo Brasileiro S.A. – Petrobras recorded 21,245,947 in trading volume during the last 100 days, posting a change of +27.66%.

PBR Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PBR stands at 0.75. Similarly, the long-term debt-to-equity ratio is also 0.62.

PBR Stock Stochastic Average

Petroleo Brasileiro S.A. – Petrobras’s raw stochastic average for the past 50 days is currently at 93.51%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 92.42%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.26% and 86.85%, respectively.

PBR Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 47.17%.However, over the last six months, we can see a weaker performance of 56.43%. Over the last 30 days, the price of PBR has fallen by 11.08%. And in the last five days, it has surged by 3.58%.

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