Why the growth investor may take a look at BANCO MACRO SA-ADR (NYSE:BMA).

In this article we will dive into BANCO MACRO SA-ADR (NYSE:BMA) as a possible candidate for growth investing. Investors should always do their own research, but we noticed BANCO MACRO SA-ADR showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), BANCO MACRO SA-ADR highlights its ability to generate increasing profitability, showcasing a 2.0K% growth.
• BANCO MACRO SA-ADR has achieved 593.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The EPS of BANCO MACRO SA-ADR has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• BANCO MACRO SA-ADR has achieved an impressive Return on Equity (ROE) of 29.32%, showcasing its ability to generate favorable returns for shareholders.
• BANCO MACRO SA-ADR has exhibited strong Relative Strength(RS) in recent periods, with a current 97.7 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. BANCO MACRO SA-ADR shows promising potential for continued price momentum.
• With a Debt-to-Equity ratio at 0.21, BANCO MACRO SA-ADR showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With institutional shareholders at 6.45%, BANCO MACRO SA-ADR demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Analyzing the Technical Aspects

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall BMA gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, BMA did better than 97% of all other stocks. We also observe that the gains produced by BMA over the past year are nicely spread over this period.
• BMA is one of the better performing stocks in the Banks industry, it outperforms 100% of 410 stocks in the same industry.
• BMA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BMA is lagging the market slightly.

Our latest full technical report of BMA contains the most current technical analsysis.

Zooming in on the fundamentals.

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, BMA scores 3 out of 10 in our fundamental rating. BMA was compared to 410 industry peers in the Banks industry. BMA may be in some trouble as it scores bad on both profitability and health. BMA is valued quite expensively, but it does show have an excellent growth rating.

Our latest full fundamental report of BMA contains the most current fundamental analsysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.