BLX Stock Summary and Trading Ideas (Banco Latinoamericano De Comercio Exterior S.A. | NYSE:BLX)

Banco Latinoamericano de Comercio Exterior SA provides financial solutions to financial institutions, companies and investors doing business in Latin America, supporting trade and regional integration across the region. The Bank provides foreign trade solutions to a select client base of premier Latin-American financial institutions and corporations and has developed a network of correspondent banking institutions with access to the international capital markets. It has two business segments the Commercial Business Segment and the Treasury Business Segment.

Banco Latinoamericano De Comercio Exterior S.A. trades on the NYSE stock market under the symbol BLX.

As of April 19, 2024, BLX stock price climbed to $29.59 with 196,196 million shares trading.

BLX has a beta of 0.83, meaning it tends to be less sensitive to market movements. BLX has a correlation of 0.14 to the broad based SPY ETF.

BLX has a market cap of $1.08 billion. This is considered a Small Cap stock.

In the last 3 years, BLX stock traded as high as $31.62 and as low as $12.58.

The top ETF exchange traded funds that BLX belongs to (by Net Assets): IWM, IWN, BSVO, VTWO, SMLF.

BLX has outperformed the market in the last year with a price return of +62.8% while the SPY ETF gained +21.2%. BLX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +24.5% and -1.4%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

BLX support price is $29.16 and resistance is $29.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLX stock will trade within this expected range on the day.