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Cresud Sociedad ( (CRESY) ) has provided an update.
Cresud Sociedad Anónima has announced a correction of a material error in the computation of the inflation adjustment of the share premium from the exercise of warrants for the fiscal years ending June 30, 2022, 2023, and 2024. This correction will be reflected in their upcoming Form 20-F for the year ended June 30, 2025. This adjustment is significant for stakeholders as it impacts the company’s financial statements and could influence investor perceptions and market positioning.
The most recent analyst rating on (CRESY) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Cresud Sociedad stock, see the CRESY Stock Forecast page.
Spark’s Take on CRESY Stock
According to Spark, TipRanks’ AI Analyst, CRESY is a Neutral.
Cresud Sociedad’s overall score reflects an attractive valuation with a low P/E ratio and high dividend yield. However, financial performance is mixed with high leverage and liquidity challenges. Technical indicators suggest a neutral market sentiment. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on CRESY stock, click here.
More about Cresud Sociedad
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria is an Argentine company engaged in real estate and agricultural activities. The company is involved in various sectors including commercial, financial, and agricultural operations, with significant influence in the Argentine market.
Average Trading Volume: 225,739
Technical Sentiment Signal: Hold
Current Market Cap: $534.8M
See more insights into CRESY stock on TipRanks’ Stock Analysis page.