The stock of BRC Inc. (BRCC) has seen a -8.17% decrease in the past week, with a -26.83% drop in the past month, and a -15.36% decrease in the past quarter. The volatility ratio for the week is 6.00%, and the volatility levels for the past 30 days are at 5.93% for BRCC. The simple moving average for the last 20 days is -15.93% for BRCC stock, with a simple moving average of -27.37% for the last 200 days.
Is It Worth Investing in BRC Inc. (NYSE: BRCC) Right Now?
Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for BRC Inc. (BRCC) is $8.92, which is $6.49 above the current market price. The public float for BRCC is 53.82M, and currently, short sellers hold a 11.07% ratio of that float. The average trading volume of BRCC on March 17, 2023 was 567.01K shares.
BRCC) stock’s latest price update
BRC Inc. (NYSE: BRCC)’s stock price has decreased by -10.70 compared to its previous closing price of 6.17. Despite this, the company has seen a fall of -8.17% in its stock price over the last five trading days.
Analysts’ Opinion of BRCC
The stock of BRC Inc. (BRCC) has seen a -8.17% decrease in the past week, with a -26.83% drop in the past month, and a -15.36% decrease in the past quarter. The volatility ratio for the week is 6.00%, and the volatility levels for the past 30 days are at 5.93% for BRCC. The simple moving average for the last 20 days is -15.93% for BRCC stock, with a simple moving average of -27.37% for the last 200 days.
Analysts’ Opinion of BRCC
Many brokerage firms have already submitted their reports for BRCC stocks, with Citigroup repeating the rating for BRCC by listing it as a “Neutral.” The predicted price for BRCC in the upcoming period, according to Citigroup is $10 based on the research report published on August 02nd of the previous year 2022.
Tigress Financial, on the other hand, stated in their research note that they expect to see BRCC reach a price target of $17. The rating they have provided for BRCC stocks is “Buy” according to the report published on May 26th, 2022.
BRCC Trading at -16.02% from the 50-Day Moving Average
After a stumble in the market that brought BRCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.79% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 6.00%, as shares sank -30.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.95% lower at present.
During the last 5 trading sessions, BRCC fell by -8.17%, which changed the moving average for the period of 200-days by -44.68% in comparison to the 20-day moving average, which settled at $6.43. In addition, BRC Inc. saw -9.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRCC starting from Iverson Gregory James, who sale 50,000 shares at the price of $8.03 back on Feb 15. After this action, Iverson Gregory James now owns 1,417,535 shares of BRC Inc., valued at $401,460 using the latest closing price.
Welling Glenn W., the Director of BRC Inc., purchase 20,000 shares at $6.76 during a trade that took place back on Dec 16, which means that Welling Glenn W. is holding 900,432 shares at $135,142 based on the most recent closing price.
Stock Fundamentals for BRCC
Current profitability levels for the company are sitting at:
- -4.97 for the present operating margin
- +20.96 for the gross margin
The net margin for BRC Inc. stands at -5.94. Equity return is now at value 252.70, with -46.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To put it simply, BRC Inc. (BRCC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
