Al-Baha stock hits max decline with 557M sell orders

14/10/2024 Argaam Exclusive

Al-Baha Investment and Development Co.'s stock dropped by the maximum threshold (-8%) today, Oct. 14, to stand at SAR 0.35 per share.

 

Today’s session witnessed trading on around 37 million Al-Baha shares.

 

It endured a deepening sell-off of around 557 million sell orders at the lowest threshold. This represented about 19% of the company's 2.97 billion share capital, at a par value of SAR 0.10 apiece.

Year High (SAR) Year Low (SAR)
6.33 1.51
Highest Since Debut (SAR) Lowest Since Debut (SAR)
40.06 0.36

The stock had earlier posted some price hikes, gaining around 200%, before retreating again.

Market Data :

Open 3.64
Low 3.59
High 3.67
Previous Close 3.63
Change (3M) (7.18 %)
Change (6M) (5.97 %)
Market Value 790.25
Avg. Volume (3M) 13,907,718.57
Avg. Turnover (3M) 53,261,502.26
Avg. Transaction (3M) 6,494.72
Change(12M) 102.46 %
YTD (22.98 %)

The company made several capital adjustments, including a stock split, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Reduction   218.30 (26.50%)
2022 Reduction   Cancelled 222.75 (25.00%)
2022 Right Issue   297.00 67.80%
2017 Reduction   177.00 (40.00%)
2016 Private Offering   295.00 96.67%

Financial Performance :

Overview :

The company is a public joint-stock company established in 1993 in Al Baha with  capital of SAR 150 million. It is engaged in a diverse range of activities, including real estate development and management, including construction, operation, and maintenance of commercial and residential complexes, as well as the development of real estate projects such as central markets and mixed-use complexes. Additionally, the company is involved in trading, including wholesale and retail trade of buildi...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 790.25
Shares Outstanding ((M)) 218.30
EPS ( Riyal) (TTM) 0.05
Book Value (BV) ( Riyal) (Latest announcement) 1.03
Adjusted P/E (Last12) 78.87
Price/book 3.52
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 3.72
Return on Average Equity (%) (TTM) 4.57
Par Value ( Riyal) 1.00
Enterprise Value (EV) (M) 786.92


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