The stock of Berry Global Group Inc. (BERY) has seen a 5.32% increase in the past week, with a -1.62% drop in the past month, and a 2.68% flourish in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.87% for BERY. The simple moving average for the last 20 days is 1.48% for BERY stock, with a simple moving average of 5.38% for the last 200 days.
Is It Worth Investing in Berry Global Group Inc. (NYSE: BERY) Right Now?
Berry Global Group Inc. (NYSE: BERY) has a higher price-to-earnings ratio of 12.05x compared to its average ratio, and the 36-month beta value for BERY is at 1.19. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for BERY is $74.67, which is $10.37 above the current market price. The public float for BERY is 117.81M, and currently, shorts hold a 2.98% of that float. The average trading volume for BERY on September 15, 2023 was 1.31M shares.
BERY) stock’s latest price update
Berry Global Group Inc. (NYSE: BERY)’s stock price has increased by 1.29 compared to its previous closing price of 63.50. However, the company has seen a 5.32% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-13 that September — widely regarded as the “worst month for the stock market” — is living up to its reputation. In fact, the S&P 500 is down 1% since August, in line with its average 1.1% monthly decline since 1928.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with Truist repeating the rating for BERY by listing it as a “Buy.” The predicted price for BERY in the upcoming period, according to Truist is $73 based on the research report published on May 24, 2023 of the current year 2023.
BERY Trading at -0.15% from the 50-Day Moving Average
After a stumble in the market that brought BERY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.43% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares sank -0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.31% upper at present.
During the last 5 trading sessions, BERY rose by +5.32%, which changed the moving average for the period of 200-days by +12.49% in comparison to the 20-day moving average, which settled at $63.38. In addition, Berry Global Group Inc. saw 6.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BERY starting from Miles Mark W, who sale 30,954 shares at the price of $65.76 back on Aug 15. After this action, Miles Mark W now owns 84,502 shares of Berry Global Group Inc., valued at $2,035,535 using the latest closing price.
Norman William J, the President of Berry Global Group Inc., sale 9,000 shares at $66.48 during a trade that took place back on Aug 11, which means that Norman William J is holding 0 shares at $598,320 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- +8.73 for the present operating margin
- +14.59 for the gross margin
The net margin for Berry Global Group Inc. stands at +5.28. The total capital return value is set at 9.65, while invested capital returns managed to touch 5.90. Equity return is now at value 20.00, with 3.90 for asset returns.
Based on Berry Global Group Inc. (BERY), the company’s capital structure generated 306.38 points at debt to equity in total, while total debt to capital is 75.39. Total debt to assets is 56.21, with long-term debt to equity ratio resting at 302.60. Finally, the long-term debt to capital ratio is 74.46.
When we switch over and look at the enterprise to sales, we see a ratio of 1.22, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 7.93 and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Berry Global Group Inc. (BERY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
