How Good Are Bud Light Stocks for Investing Today?
Strong buy or stay away? — Our Research & Analysis
Published in
2 min readOct 17, 2023
Bud Light is one of the most popular brands of light beer, produced by Anheuser-Busch InBev, the world’s largest brewery.
Anheuser-Busch stock is listed on the NYSE under the symbol BUD (FinViz chart).
In October 2023, BUD’s stock price was $53.
According to Google Trends, Bud Light stock’s search popularity peaked in mid-April 2023.
This is due to the brand’s aggressive advertising on TikTok.
Bud Light Stocks Chart Analysis:
- Analysis of the daily chart (D1) that Anheuser-Busch stocks are in a sideways trend.
- The price has formed a figure of technical analysis “Double bottom”.
- Above the level of 55.00 we can safely consider buying Anheuser Busch Stocks.
- When the price crosses the critical level of 58.00 a powerful movement to 67.00 is possible.
Bud Light Stocks fundamental analysis:
- Strong brand recognition. Market Capitalisation 92.16B, Current volume of 1,606,071 shares traded.
- The actual P/E ratio of Bud Light Stock is 17, it’s means that the stock is overvalued by the market.
- Earnings date Oct 31 2023, BMO — refrain from buying the stocks until that date.
5% BUD stock price movement — SO nice market reaction to the Anheuser-Busch InBev report today (October 31) ⤵️
Conclusion
Based on the results of the report Oct 31 (Earnings date), it is possible to consider buying Bud Light Stocks above 55.00 with the potential to move to 67.00.
