Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LATAM stock price showed investors’ increased interest with quite good trading volume.</a> </li> 
 <li> <span>2</span> <a>In the last 1-year, LATAM shares noted an over 150% price growth.</a> </li> 
</ul> 
<p>LATAM Airlines stock price noted bullish market sentiments since the last 1-year, which drove its price near to a 173% price gain. In its year-to-date (YTD) price analysis, LATAM stock price further noted a 55.79% price growth, supported by the active bulls in the market. In the recent trading session, the stock price noted increased trading volume which noted bears dominance in its most recent trading session.</p> 
<h2 class="wp-block-heading" id="strong-latam-stock-price-analysis-strong"><strong>LATAM Stock Price Analysis</strong></h2> 
<p>LATAM Airlines <a href="https://www.thecoinrepublic.com/2023/07/20/vodafone-group-vod-stock-showed-bearish-trend-in-ytd-analysi/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> opened at $0.82, noted high at $0.90 while low was at $0.61, on July 19, 2023, Wednesday. The stock price closed at $0.74 and noted over a 7% decline in yesterday’s trading session. Still, the stock price is ranging above its overbought zone, which may now show bears more activity in upcoming trading sessions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/AXT2UZ_iRa7_ZrUIS_iXFLga5MhfKrwkK-1Sx_sN--NWB0NDvsR5TEnrswReTAZw3OXZ8_BhzP7ffk7w-K1-EWC8TfsZ4jdMjx5Lw-ze1Ug6tcTJ9UXkdW5hfthBQ4S6neqk3bHqWrellUYSO41qeg" alt="LATAM Stock Price Performed Bullish with Over 55% YTD Growth"> 
  <figcaption class="wp-element-caption"> <strong>Source: LATAM Stock Price by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>According to TradingView, a web-based social network for traders, the RSI of LATAM stock is already surging above its overbought zone. But as the bears have started showing their dominance in the market, then bearish market trend can be expected in the upcoming trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/N31fffdQAia0E5ZLXsVEeACjnB41FxVpzAw4dMioL00A0NFw1zhZhhFZqULquxMi52kAyAhSyBv52HALv8oZcz6nLNrURTS2TQv2HT9jiEW7fUIsG_3t4_4hMZSNe5wKdxHgFvNN8Eg-K9zytvy_Bg" alt="LATAM Stock Price Performed Bullish with Over 55% YTD Growth" width="1168" height="518"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of LATAM Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Moving towards its price target, which the analysts are offering for 1-year is at $0.0858, it clearly shows an over 88% decline, as per the recent closing <a href="https://www.thecoinrepublic.com/2023/07/20/what-to-expect-from-bp-stock-price-ahead-its-q2-2023-report/" rel="noopener noreferrer nofollow">price of stock</a>. Meanwhile, their maximum price target is resting at $0.35, while the minimum estimate is $0.01. Moreover, in the past 3-months, the analysts have given a “buy” rating to LATAM Airlines Group S.A.</p> 
<h3 class="wp-block-heading" id="strong-the-fundamentals-latam-airlines-group-strong"><strong>The Fundamentals LATAM Airlines Group</strong></h3> 
<p>LATAM Airlines Group (OTCMKTS: LTMAY), a Chilean airline holding company, has a market cap of nearly $6.04 Billion. The company reported its Q1 2023 report earlier in May 2023, stating its net income to be $121.80 Million. LTMAY price-to-sales ratio is 47.51 while the company has an Enterprise Value to EBITDA ratio of 7.72.</p> 
<p>The revenue of LATAM Airlines Group reached $2.81 Billion despite the estimated figure of $2.85 Billion. For the upcoming Q2 2023, the estimated earnings per share (EPS) is $0.40, and revenue is expected to reach $2.63 Billion.</p> 
<p>For the previous year, the revenue of LATAM Airlines Group reached $9.52 Billion and the most of which — $7.64 Billion — came from its highest performing source at the moment, Passengers. The greatest contribution to the revenue figure was made by Brazil which brought it $3.72 Billion last year.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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.</p>

LATAM Stock Price Performed Bullish with Over 55% YTD Growth

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Thecoinrepublic.com

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