Beneficient (BENF) Shares Plummet Below 1-Year High

The stock of Beneficient (NASDAQ: BENF) has decreased by 0.00 when compared to last closing price of 0.06.Despite this, the company has seen a loss of -14.45% in its stock price over the last five trading days. InvestorPlace reported 2024-02-23 that Beneficient (NASDAQ: BENF ) stock is rocketing higher on Friday after the financial technology services company revealed insider trader from one of it members of the Board of Directors. Director Peter Cangany acquired 400,000 shares of BENF stock from Feb. 20 to Feb. 21.

Is It Worth Investing in Beneficient (NASDAQ: BENF) Right Now?

Company’s 36-month beta value is -1.20.

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The public float for BENF is 72.03M, and currently, short sellers hold a 3.51% ratio of that floaft. The average trading volume of BENF on April 03, 2024 was 2.98M shares.

BENF’s Market Performance

The stock of Beneficient (BENF) has seen a -14.45% decrease in the past week, with a -46.98% drop in the past month, and a -88.16% fall in the past quarter. The volatility ratio for the week is 9.81%, and the volatility levels for the past 30 days are at 14.74% for BENF. The simple moving average for the last 20 days is -23.53% for BENF’s stock, with a simple moving average of -95.51% for the last 200 days.

BENF Trading at -69.46% from the 50-Day Moving Average

After a stumble in the market that brought BENF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.65% of loss for the given period.

Volatility was left at 14.74%, however, over the last 30 days, the volatility rate increased by 9.81%, as shares sank -44.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -83.24% lower at present.

During the last 5 trading sessions, BENF fell by -13.27%, which changed the moving average for the period of 200-days by -98.89% in comparison to the 20-day moving average, which settled at $0.0735. In addition, Beneficient saw -88.07% 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 BENF starting from CANGANY PETER T JR, who purchase 200,000 shares at the price of $0.25 back on Feb 21 ’24. After this action, CANGANY PETER T JR now owns 200,000 shares of Beneficient, valued at $50,000 using the latest closing price.

CANGANY PETER T JR, the Director of Beneficient, purchase 200,000 shares at $0.26 during a trade that took place back on Feb 20 ’24, which means that CANGANY PETER T JR is holding 200,000 shares at $52,000 based on the most recent closing price.

Stock Fundamentals for BENF

Current profitability levels for the company are sitting at:

  • 27.73 for the present operating margin
  • 1.62 for the gross margin

The net margin for Beneficient stands at 42.03. The total capital return value is set at -4.93. Equity return is now at value -13629.82, with -569.31 for asset returns.

Based on Beneficient (BENF), the company’s capital structure generated -2.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at -0.74. The interest coverage ratio of the stock is -92.91.

Currently, EBITDA for the company is -234.09 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of -2.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.21.

Conclusion

In a nutshell, Beneficient (BENF) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.

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