Why Cresud S.A.C.I.F. y A. (ADR)’s (CRESY) Stock Is Down 5.98%

By Jenna Brashear
May 23, 2024
Featured Tickers:
CRESY

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cresud S.A.C.I.F. y A. (ADR) before investing.

In this article, we go over a few key elements for understanding Cresud S.A.C.I.F. y A. (ADR)’s stock price such as:

  • Cresud S.A.C.I.F. y A. (ADR)’s current stock price and volume
  • Why Cresud S.A.C.I.F. y A. (ADR)’s stock price changed recently
  • Upgrades and downgrades for CRESY from analysts
  • CRESY’s stock price momentum as measured by its relative strength

About Cresud S.A.C.I.F. y A. (ADR) (CRESY)

Before we jump into Cresud S.A.C.I.F. y A. (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.

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Cresud S.A.C.I.F. y A. (ADR)’s Stock Price as of Market Close

As of May 23, 2024, 4:00 PM, CST, Cresud S.A.C.I.F. y A. (ADR)’s stock price was $9.28.

Cresud S.A.C.I.F. y A. (ADR) is down 5.98% from its previous closing price of $9.87.

During the last market session, Cresud S.A.C.I.F. y A. (ADR)’s stock traded between $9.84 and $10.09. Currently, there are 59.20 million shares of Cresud S.A.C.I.F. y A. (ADR) stock available for purchase.

Cresud S.A.C.I.F. y A. (ADR)’s price-earnings (P/E) ratio is currently at 7.3, which is low compared to the Fishing & Farming industry median of 9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cresud S.A.C.I.F. y A. (ADR) Stock Price History

Cresud S.A.C.I.F. y A. (ADR)’s (CRESY) price is currently down 2.73% so far this month.

During the month of May, Cresud S.A.C.I.F. y A. (ADR)’s stock price has reached a high of $10.75 and a low of $9.22.

Over the last year, Cresud S.A.C.I.F. y A. (ADR) has hit prices as high as $10.75 and as low as $5.63. Year to date, Cresud S.A.C.I.F. y A. (ADR)’s stock is up 55.13%.

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What Caused Cresud S.A.C.I.F. y A. (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 22, 2024, there were analysts who downgraded Cresud S.A.C.I.F. y A. (ADR)’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cresud S.A.C.I.F. y A. (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cresud S.A.C.I.F. y A. (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cresud S.A.C.I.F. y A. (ADR)’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cresud S.A.C.I.F. y A. (ADR) (CRESY) by visiting AAII Stock Evaluator.

Relative Price Strength of Cresud S.A.C.I.F. y A. (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 22, 2024, Cresud S.A.C.I.F. y A. (ADR) has a weighted four-quarter relative price strength of 9.61%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

Want to learn more about how Cresud S.A.C.I.F. y A. (ADR) is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Cresud S.A.C.I.F. y A. (ADR) Stock Price: Bottom Line

As of May 23, 2024, Cresud S.A.C.I.F. y A. (ADR)’s stock price is $9.28, which is down 5.98% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cresud S.A.C.I.F. y A. (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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