Emirates NBD PJSC Stock Analysis: Bearish Sentiment Prevails Amidst Technical Upsides and Strong Fundamentals
By KlickAnalytics Data Insights | January 10, 2025 08:00AM ET
Pricing
An analysis of Emirates NBD PJSC stock reveals that the current price stands at 21.6, with a 1-day change of -0.15, resulting in a 1-day return of -0.69%. The trading volume for the stock is at 1422380, and over the past 1-week, the return percentage has been 5.37%. The 1-month return stands at 10.20%, while the 3-month return is at 8.00%. For the year, the return percentage stands at 23.08%.
The stock is currently trading downward for the last 2 days, indicating a bearish sentiment. The close price to open price ratio is -0.69%, reflecting the bearish sentiment, while the close price to high price ratio is -1.59%. However, the close price to low price ratio is 0.00%, suggesting a neutral sentiment. Additionally, the close price to the previous day's open was -1.14%.
The 1-month high price was recorded at 22.0, occurring 3 days ago, while the 1-month low price was 19.4, recorded 30 days ago. The current price is -1.82% compared to the 1-month high and 11.34% compared to the 1-month low. The 52-week high price was 22.0, reported 3 days ago, while the 52-week low was 15.55, occurring 221 days ago.
Historical returns for the stock include: 1-Day -0.69%, 1-Week 5.37%, 1-Month 10.20%, 3-Months 8.00%, 6-Months 28.96%, Year-to-date 2.86%, and 1-Year 23.08%. In terms of historical relative volume, the ratios are as follows: 1-Week 0.75x, 1-Month 0.62x, 3-Months 0.59x, 6-Months 0.57x, Year-to-date 0.82x, and 1-Year 0.54x.
The 1-month high volume was recorded at 10,282,783, 25 days ago, while the low volume was 244,408, occurring 16 days ago. The current volume is -86.17% compared to the 1-month high and 481.97% compared to the 1-month low.
Fundamentals - TTM
The fundamental analysis for Emirates NBD PJSC shows a MarketCap of 136,122,730,000, Net income per share of 3.64, Price/Earning Ratio of 5.92, Dividend Yield of 0.06%, Working Capital of 253,218,000,000, Total Assets of 956,041,000,000, Total Liabilities of 832,652,000,000, Total Revenue of 43,107,701,000, EBIT of 26,054,271,000, and Altman Z-Score of 0.68.
Technical Indicators
The technical indicators suggest a mix of bearish sentiment and positive outlook for Emirates NBD PJSC. While the stock is currently exhibiting bearish sentiment, with the close price to various SMA ratios showing marginal increases, the SMA trends indicate potential upside. The SMA10 > SMA20, SMA10 > SMA50, SMA10 > SMA100, and SMA10 > SMA200, indicating medium to long-term upward trends.
Overall, the stock analysis for Emirates NBD PJSC shows a bearish sentiment prevailing amidst favorable technical indications and strong fundamentals, positioning the stock for potential growth in the future.