An analyst sees good growth prospects for Grupo Financiero Galicia ADR (GGAL)

With 1.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $45.46 whereas the lowest price it dropped to was $43.2862. The 52-week range on GGAL shows that it touched its highest point at $46.93 and its lowest point at $9.81 during that stretch. It currently has a 1-year price target of $73.77. With its current market cap of 5.39 billion, GGAL has annualized dividend of $0.29 while the current yield stands at 0.64%. Beta for the stock currently stands at 1.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GGAL was up-trending over the past week, with a rise of 8.64%, but this was up by 31.05% over a month. Three-month performance surged to 41.49% while six-month performance rose 96.34%. The stock gained 208.95% in the past year, while it has gained 181.80% so far this year. A look at the trailing 12-month EPS for GGAL yields 9.07 with Next year EPS estimates of 7.21. For the next quarter, that number is 1.46. This implies an EPS growth rate of 393.08% for this year and -11.58% for next year.

Float and Shares Shorts:

At present, 119.35 million GGAL shares are outstanding with a float of 119.25 million shares on hand for trading. On 2024-08-30, short shares totaled 4.09 million, which was 343.0 higher than short shares on 1722384000. In addition to Mr. Fabian Enrique Kon as the firm’s GM & CEO, Mr. Diego H. Rivas serves as its Chief Financial & Compliance Officer.

Institutional Ownership:

Through their ownership of 0.13104 of GGAL’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.