Technical Outlook And Game Plan For Azul S.A. ADR (NYSE: AZUL)

Azul S.A. ADR (AZUL) concluded trading on Thursday at a closing price of $7.65, with 2.81 million shares of worth about $21.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.00% during that period and on April 4, 2024 the price saw a gain of about 2.14%. Currently the company’s common shares owned by public are about 111.75M shares, out of which, 111.73M shares are available for trading.

Stock saw a price change of -10.32% in past 5 days and over the past one month there was a price change of 2.41%. Year-to-date (YTD), AZUL shares are showing a performance of -21.05% which increased to 12.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.80 but also hit the highest price of $13.86 during that period. The average intraday trading volume for Azul S.A. ADR shares is 1.33 million. The stock is currently trading -3.16% below its 20-day simple moving average (SMA20), while that difference is down -1.45% for SMA50 and it goes to -16.69% lower than SMA200.

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Azul S.A. ADR (NYSE: AZUL) currently have 111.75M outstanding shares and institutions hold larger chunk of about 21.71% of that.

The stock has a current market capitalization of $854.89M and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$2.22 in the same period. It has Quick Ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AZUL, volatility over the week remained 6.20% while standing at 4.37% over the month.

Stock’s fiscal year EPS is expected to rise by 152.83% while it is estimated to increase by 237.65% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on September 22, 2023 offering a Buy rating for the stock and assigned a target price of $12.30 to it. Coverage by Goldman stated Azul S.A. ADR (AZUL) stock as a Buy in their note to investors on September 20, 2023, suggesting a price target of $18.30 for the stock. On July 10, 2023, Barclays Upgrade their recommendations, while on May 22, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $11. Stock get a Neutral rating from UBS on March 20, 2023.

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