BATS share price is experiencing the potential dominance of active bears for quite a long period. Due to the bearish trend BATS share price sliding downside while showing an average of over 3 Million of average volume.
BATS Share Price Analysis
In the recent trading session on August 11, 2023, Friday, BATS share price closed at 2541.5 GBX with a 2.04% of the price drop. Its weekly price drop is 1.13% which is almost similar to its monthly price decline. Moreover, in the year-to-date price analysis, BATS share price dropped over 22%, as per the data sourced from TradingView, a web-based social network for traders.
As the above chart shows, due to the bears’ dominance, the BATS stock price dropped down from its 20-day moving average. Due to the recent market trend, the RSI of BATS stock also started its journey toward the downside.
The analysts have set their one-year price target at 35.0 GBX, up by over 38% from the recent closing price of BATS stock. They have also noted their maximum estimate at 47.0 while the minimum estimate is 27.5. Moreover, in the past three months, analysts have given a “buy” rating to British American Tobacco.
The Financial Update of British American Tobacco
British American Tobacco PLC (LON: BATS), a British multinational company has a market cap of nearly 56.68 Billion GBP. According to its H1 2023 report, its net income is 3.94 Billion GBP. BATS price-to-sales ratio is 2.06 whereas the company has an Enterprise Value to EBITDA ratio of 6.88.
BATS dividends are paid quarterly while the next dividend per share is expected to be 0.58 GBP and as of August 12th, the Dividend Yield (TTM)% is 8.65%.
British American Tobacco earnings per share (EPS) for the last semiannual is 1.82 GBP. However, the estimation was 1.76 GBP which accounts for a 3.15% surprise. The revenue for the same period amounts to 13.44 Billion GBP despite the estimated figure of 13.46 Billion GBP. On the other hand, the estimated EPS for the next semiannual is 1.98 GBP and the revenue is expected to reach 14.32 Billion GBP.
Last year, the revenue of British American Tobacco PLC reached 27.66 Billion GBP. Out of which, 23.03 Billion GBP came from its highest performing source at the moment, “combustibles”. Meanwhile, the U.S. has made the greatest contribution to the revenue figure which last year brought it to 12.64 Billion GBP.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/08/12/bats-share-price-dropped-over-2-in-weekly-price-analysis/