Brooge Energy Limited (BROG) Shares Rise Despite Market Challenges

The stock of Brooge Energy Limited (NASDAQ: BROG) has increased by 155.95 when compared to last closing price of 2.27.Despite this, the company has seen a gain of 160.54% in its stock price over the last five trading days. MarketBeat reported 2024-03-08 that Looking for some good microcap stocks? Investing in a microcap stock can be a rollercoaster ride for the risk-averse, but also offers the promise of significant gains in short timeframes.

Is It Worth Investing in Brooge Energy Limited (NASDAQ: BROG) Right Now?

The 36-month beta value for BROG is at -0.37. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for BROG is 12.66M, and currently, shorts hold a 0.10% of that float. The average trading volume for BROG on April 03, 2024 was 13.78K shares.

BROG’s Market Performance

BROG’s stock has seen a 160.54% increase for the week, with a 115.99% rise in the past month and a 111.27% gain in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 3.22% for Brooge Energy Limited The simple moving average for the past 20 days is 156.85% for BROG’s stock, with a 39.24% simple moving average for the past 200 days.

Analysts’ Opinion of BROG

Many brokerage firms have already submitted their reports for BROG stocks, with RBC Capital Mkts repeating the rating for BROG by listing it as a “Outperform.” The predicted price for BROG in the upcoming period, according to RBC Capital Mkts is $13 based on the research report published on August 11, 2020 of the previous year 2020.

BROG Trading at 137.25% from the 50-Day Moving Average

After a stumble in the market that brought BROG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.89% of loss for the given period.

Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +28.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.62% upper at present.

During the last 5 trading sessions, BROG rose by +64.76%, which changed the moving average for the period of 200-days by -42.33% in comparison to the 20-day moving average, which settled at $2.32. In addition, Brooge Energy Limited saw 57.88% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for BROG

Current profitability levels for the company are sitting at:

  • 0.63 for the present operating margin
  • 0.82 for the gross margin

The net margin for Brooge Energy Limited stands at 0.59. The total capital return value is set at 0.26.

Based on Brooge Energy Limited (BROG), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.83. The interest coverage ratio of the stock is 5.65.

Currently, EBITDA for the company is 54.73 million with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 7.06. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.

Conclusion

In conclusion, Brooge Energy Limited (BROG) 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.

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