Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Banco Macro SA (ADR) before investing.

In this article, we go over a few key elements for understanding Banco Macro SA (ADR)’s stock price such as:

• Banco Macro SA (ADR)’s current stock price and volume
• Why Banco Macro SA (ADR)’s stock price changed recently
• Upgrades and downgrades for BMA from analysts
• BMA’s stock price momentum as measured by its relative strength

About Banco Macro SA (ADR) (BMA)

Before we jump into Banco Macro SA (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank. Through other companies in the group, the Company also renders services as trustee agent and director and manager of mutual funds, as well as stock exchange services. The Company began the process of acquiring entities, assets and liabilities as part of the privatization of provincial banks and other banking institutions. The Company and Worldline Argentina SA entered into a joint venture agreement with Siemens Itron Business Servicies SA, to be jointly controlled by both companies, for the purpose of facilitating the development of a tax management data processing center, modernizing the existing tax collection systems and processes used by the Province of Salta, and managing and recovering municipal taxes and fees.

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Banco Macro SA (ADR)’s Stock Price as of Market Close

As of June 20, 2024, 4:00 PM, CST, Banco Macro SA (ADR)’s stock price was $58.80.

Banco Macro SA (ADR) is down 6.92% from its previous closing price of $63.17.

During the last market session, Banco Macro SA (ADR)’s stock traded between $61.53 and $64.00. Currently, there are 63.94 million shares of Banco Macro SA (ADR) stock available for purchase.

Banco Macro SA (ADR)’s price-earnings (P/E) ratio is currently at 6.2, which is low compared to the Banks industry median of 10. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Banco Macro SA (ADR) Stock Price History

Banco Macro SA (ADR)’s (BMA) price is currently down 11.3% so far this month.

During the month of June, Banco Macro SA (ADR)’s stock price has reached a high of $68.24 and a low of $54.49.

Over the last year, Banco Macro SA (ADR) has hit prices as high as $68.24 and as low as $17.30. Year to date, Banco Macro SA (ADR)’s stock is up 258.1%.

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What Caused Banco Macro SA (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 June 18, 2024, there were 0 analysts who downgraded Banco Macro SA (ADR)’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Banco Macro SA (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 Banco Macro SA (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Banco Macro SA (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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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 Banco Macro SA (ADR) (BMA) by visiting AAII Stock Evaluator.

Relative Price Strength of Banco Macro SA (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 June 18, 2024, Banco Macro SA (ADR) has a weighted four-quarter relative price strength of 21.53%, which translates to a Momentum Score of 95 and is considered to be Very Strong.

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Banco Macro SA (ADR) Stock Price: Bottom Line

As of June 20, 2024, Banco Macro SA (ADR)’s stock price is $58.80, which is down 6.92% 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 Banco Macro SA (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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