Sendas Distribuidora (NYSE:ASAI) Reaches New 12-Month Low – What’s Next?

Sendas Distribuidora S.A. (NYSE:ASAI) shares reached a new 52-week low on Monday . The company traded as low as $4.80 and last traded at $4.80, with a volume of 3650 shares trading hands. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASAI shares. JPMorgan Chase & Co. lowered shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a research note on Monday, September 9th. Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price on the stock. in a research note on Friday, September 13th. Finally, Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th.

Sendas Distribuidora Price Performance

The firm has a market cap of $1.24 billion, a PE ratio of 9.95, a PEG ratio of 0.44 and a beta of 0.92. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15. The business has a fifty day moving average of $6.02 and a 200-day moving average of $8.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Sendas Distribuidora by 145.6% during the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after buying an additional 2,203 shares in the last quarter. Privium Fund Management B.V. boosted its holdings in Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after acquiring an additional 2,900 shares in the last quarter. AQR Capital Management LLC raised its holdings in Sendas Distribuidora by 44.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock worth $184,000 after acquiring an additional 6,068 shares during the last quarter. Signaturefd LLC raised its position in Sendas Distribuidora by 186.4% in the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock worth $69,000 after buying an additional 6,567 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda boosted its holdings in Sendas Distribuidora by 13.3% in the second quarter. SPX Gestao de Recursos Ltda now owns 81,733 shares of the company’s stock worth $760,000 after purchasing an additional 9,607 shares during the last quarter. 8.76% of the stock is owned by institutional investors.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.