Stocks of Sendas Distribuidora S.A. (NYSE:ASAI) traded higher last session on Wall Street, down -3.01% to $15.79.
According to the data, Sendas Distribuidora S.A. (NYSE:ASAI) has 10 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $26.38 and a low of $21.19, we find $23.87. Given the previous closing price of $16.28, this indicates a potential upside of 46.62 percent. ASAI stock price is now -14.37% away from the 50-day moving average and -8.58% away from the 200-day moving average. The market capitalization of the company currently stands at $4.53B.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
A total of 2 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $23.41 as their price target over the next twelve months.
.
There have been several recent changes in the stakes of large investors in ASAI stock. A new stake in Sendas Distribuidora S.A. shares was purchased by ORBIS ALLAN GRAY LTD during the first quarter worth $12,287,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $1,455,000 in shares of ASAI during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Sendas Distribuidora S.A. valued at approximately $1,352,000. HSBC HOLDINGS PLC acquired a new stake in ASAI for approximately $1,026,000. BARINGS LLC purchased a new stake in ASAI valued at around $632,000 in the second quarter. In total, there are 92 active investors with 4.50% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $15.96 for Sendas Distribuidora S.A. (NYSE: ASAI). During the past 12 months, Sendas Distribuidora S.A. has had a low of $12.60 and a high of $20.98. As of last week, the company has a debt-to-equity ratio of 5.38, a current ratio of 0.90, and a quick ratio of 0.50. The fifty day moving average price for ASAI is $18.44 and a two-hundred day moving average price translates $17.30 for the stock.
The latest earnings results from Sendas Distribuidora S.A. (NYSE: ASAI) was released for Sep, 2022. The net profit margin was 2.20% and return on equity was 35.40% for ASAI.
Moreover, the firm recently paid out its quarterly dividend on 07/05/2022. Investors who held shares on 05/09/2022 were paid a $0.1195776 dividend. On an annualized basis, this represents a $0.15 dividend and a 0.98% percent yield. There was an ex-dividend date of 05/06/2022 for this dividend.
Sendas Distribuidora S.A.(ASAI) Company Profile
Sendas Distribuidora S.A. engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals. The company sells its products through brick-and-mortar stores, as well as through telesales. Sendas Distribuidora S.A. was founded in 1974 and is headquartered in Rio de Janeiro, Brazil.
