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Petroleo Brasileiro S.A. Petrobras ADR’s Banking’s 100-Day Moving Average at 15.92: Will the Stock Break Through?

The market performance of Petroleo Brasileiro S.A. Petrobras ADR has been somewhat stable. Over the past year, the company’s stock achieved a high of $17.91 on 02/27/24, with the lowest value for the same timeframe being $8.77, recorded on 05/03/23.

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 ADR’s current trading price is -15.08% away from its 52-week high, while its distance from the 52-week low is 73.44%. The stock’s price range during this period has fluctuated between $8.77 and $17.91. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 27.22 million for the day, which was evidently higher than the average daily volume of 18.28 million over the last three months.

Financial Performance and Market Capitalization

Petroleo Brasileiro S.A. Petrobras ADR (PBR) has experienced a quarterly decline of -6.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 56.60B and boasts a workforce of 46730 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 15.92, with a change in price of -0.47. Similarly, Petroleo Brasileiro S.A. Petrobras ADR recorded 17,674,809 in trading volume during the last 100 days, posting a change of -3.00%.

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 0.80. Similarly, the long-term debt-to-equity ratio is also 0.65.

PBR Stock Stochastic Average

Petroleo Brasileiro S.A. Petrobras ADR’s raw stochastic average for the past 50 days is currently at 27.03%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 37.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 26.19% and 20.78%, 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 loss of -4.76%.However, over the last six months, we can see a weaker performance of 4.79%. Over the last 30 days, the price of PBR has leaped by -9.03%. And in the last five days, it has surged by 3.96%.