Amid a difficult market environment, Anheuser-Busch InBev S.A. ADR's stock has recorded a second straight day of losses on Tuesday. The stock declined by 0.82% to $52.98, significantly below its 52-week high of $67.09. This downward trend was not exclusive to the brewer, as major indices such as the S&P 500 and Dow Jones Industrial Average also experienced sharp drops.
In comparison to its competitors, Anheuser-Busch InBev's performance varied. Kirin Holdings saw its shares rise by 1.19%, while stocks for San Miguel Corp. and Compania Cervecerias Unidas fell by 1.84% and 2.96%, respectively.
Despite this downturn, it's noteworthy that Anheuser-Busch InBev's trading volume surpassed its usual 50-day average on Tuesday. This heightened trading activity could indicate increased investor interest in the company's stock amidst these market conditions.
Adding to this, InvestingPro data shows that Anheuser-Busch InBev's market cap is adjusted at 11.94M USD, with a P/E ratio of -0.571. The company's revenue for LTM2023.Q3 stands at 10.31M USD, reflecting a -46.61% revenue growth for the same period. The gross profit margin for LTM2023.Q3 is 26.17%, indicating a strong financial performance despite the recent market downturn.
InvestingPro Tips also highlight that Anheuser-Busch InBev has high earnings quality, with free cash flow exceeding net income. The company has been consistently increasing earnings per share and has impressive gross profit margins. Anheuser-Busch InBev is a prominent player in the Beverages industry and has maintained dividend payments for 23 consecutive years. Despite some short-term obligations exceeding liquid assets, analysts predict the company will be profitable this year.
For more insights like these, InvestingPro offers a wealth of additional tips and real-time metrics. This includes a total of 11 tips specifically for Anheuser-Busch InBev, and a wide range of investment data for numerous other companies.
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