Banco Frances Del Rio SA stock trades under the ticker BBAR & has shown recent bullishness that traders & investors should take a closer look into.
BBAR stock closed at $3.24/share on 1/28/2022.
Banco Frances Del Rio SA BBAR Stock’s Technicals Broken Down
BBAR Stock Price: $3.24
10 Day Moving Average: $3.04
50 Day Moving Average: $3.11
200 Day Moving Average: $3.40
RSI: 56
MACD: -0.047
On Friday, BBAR stock completed a bullish MACD crossover; gapping up 10.58% to break out above its 10 & 50 Day Moving Averages.
BBAR has been trading on above average volume in the last month, compared to the year prior.
With a neutral RSI, they look to have solid momentum to test the $3.29 & $3.50 price levels.
Banco Frances Del Rio SA BBAR Stock As A Long-Term Investment
Investors may find BBAR stock’s valuation metrics appealing, with a P/E(ttm) of 6.04 & a P/B (mrq) of 0.43.
BBAR recently had Quarterly Earnings Growth Y-o-Y of 9.6%.
Their balance sheet also looks appealing, with $183.65B in Total Cash (mrq) & $54.66B in Total Cash (mrq).
Unfortunately, they do not offer a dividend.
2.6% of BBAR stock’s share float is held by institutional investors.
Banco Frances Del Rio SA BBAR Stock As A Long-Term Investment
BBAR stock also has options that traders can use to profit from their price movements in either direction.
I am looking at the contracts with the 2/18 expiration date.
The $3 & $4 calls look appealing, but are very limited in open interest.
The $3 puts are the only strike price that have open interest, which may be able to be used as a hedge in the event their stock price falls.
Tying It All Together
Overall, BBAR stock has many interesting attributes that may appeal to traders & investors alike.
Their balance sheet & valuation metrics all look strong from an investing standpoint, but they sadly do not offer a dividend.
Their current momentum looks strong & set to continue, however there is limited open interest in their options.
BBAR stock is worth taking a closer look at to see if it fits into your trading & investing strategy.
*** I DO NOT OWN SHARES OF BBAR STOCK ***