As of Thursday, Grupo Financiero Galicia S.A.’s (NASDAQ:GGAL) stock closed at $7.64, down from $7.82 the previous day. While Grupo Financiero Galicia S.A. has underperformed by -2.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GGAL fell by -0.68%, with highs and lows ranging from $12.32 to $5.75, whereas the simple moving average fell by -15.34% in the last 200 days.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
Sponsored
On January 31, 2022, JP Morgan Downgraded Grupo Financiero Galicia S.A. (NASDAQ: GGAL) to Underweight. A report published by HSBC Securities on July 21, 2020, Downgraded its rating to ‘Reduce’ for GGAL. Credit Suisse October 29, 2019d its ‘Neutral’ rating to ‘Underperform’ for GGAL, as published in its report on October 29, 2019. Morgan Stanley also rated the stock as ‘Underweight’.
Analysis of Grupo Financiero Galicia S.A. (GGAL)
Investors in Grupo Financiero Galicia S.A. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.36 per share. Further, the quarter-over-quarter increase in sales is 9.40%, showing a positive trend in the upcoming months.
For any stock, average volume can also provide valuable insight into volatility, and GGAL is recording 684.55K average volume. On a monthly basis, the volatility of the stock is set at 5.47%, whereas on a weekly basis, it is put at 5.82%, with a gain of 3.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.38, showing growth from the present price of $7.64, which can serve as yet another indication of whether GGAL is worth investing in or should be passed over.
How Do You Analyze Grupo Financiero Galicia S.A. Shares?
The Banks – Regional market is dominated by Grupo Financiero Galicia S.A. (GGAL) based in the Argentina. When comparing Grupo Financiero Galicia S.A. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 4.24, there is a growth in quarterly earnings of 56.10%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 53.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 11.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in GGAL shares?
The recent increase in stakes in GGAL appears to be a result of several institutional investors and hedge funds increasing their positions. INCA Investments LLC’s position in GGAL has increased by 33.79% in the first quarter. The company now owns 3,086,245 shares of the stock, with a value of $21.33 million, following the purchase of 779,545 additional shares during the last quarter. Discovery Capital Management LLC made another increased to its shares in GGAL during the first quarter, upping its stake by 104.08%. During the last quarter, the company dropped down 1,258,876 additional shares for a total stake of worth $17.06 million, bringing number of shares owned by the company to 2,468,451.
During the first quarter, BlackRock Investment Management subtracted a -15,674 position in GGAL. Artisan Partners LP sold an additional 326.0 shares in the last quarter, decreasing its holdings by -0.04%, now holding 0.74 million shares worth $5.15 million. At the end of the first quarter, Long Focus Capital Management LLC increased its GGAL holdings by 35.21% and now holds 0.48 million GGAL shares valued at $3.32 million with the added 0.12 million shares during the period. GGAL shares are owned by institutional investors to the tune of 11.00% at present.
