The price-to-earnings ratio for Berry Corp (NASDAQ: BRY) is above average at 18.73x, Company’s 36-month beta value is 1.82.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BRY is 73.76M, and currently, short sellers hold a 6.33% ratio of that floaft. The average trading volume of BRY on April 05, 2024 was 1.06M shares.
BRY) stock’s latest price update
Berry Corp (NASDAQ: BRY)’s stock price has increased by 2.61 compared to its previous closing price of 8.42. However, the company has seen a 9.78% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-03 that DALLAS, April 03, 2024 (GLOBE NEWSWIRE) — Berry Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report first quarter 2024 results on Wednesday, May 1, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below.
BRY’s Market Performance
Berry Corp (BRY) has seen a 9.78% rise in stock performance for the week, with a 27.22% gain in the past month and a 23.13% surge in the past quarter. The volatility ratio for the week is 2.28%, and the volatility levels for the past 30 days are at 3.00% for BRY. The simple moving average for the last 20 days is 13.55% for BRY stock, with a simple moving average of 18.38% for the last 200 days.
Analysts’ Opinion of BRY
Many brokerage firms have already submitted their reports for BRY stocks, with Piper Sandler repeating the rating for BRY by listing it as a “Neutral.” The predicted price for BRY in the upcoming period, according to Piper Sandler is $9 based on the research report published on August 14, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see BRY reach a price target of $8, previously predicting the price at $9. The rating they have provided for BRY stocks is “Hold” according to the report published on July 17th, 2023.
Jefferies gave a rating of “Buy” to BRY, setting the target price at $10 in the report published on October 19th of the previous year.
BRY Trading at 22.57% from the 50-Day Moving Average
After a stumble in the market that brought BRY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.28% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +22.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.54% upper at present.
During the last 5 trading sessions, BRY rose by +9.78%, which changed the moving average for the period of 200-days by +21.01% in comparison to the 20-day moving average, which settled at $7.73. In addition, Berry Corp saw 25.23% 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 BRY starting from Hunter Danielle E., who sale 15,000 shares at the price of $8.77 back on Sep 01 ’23. After this action, Hunter Danielle E. now owns 148,757 shares of Berry Corp, valued at $131,505 using the latest closing price.
Smith Arthur T., the Executive Chairman of Berry Corp, sale 81,365 shares at $8.28 during a trade that took place back on Aug 18 ’23, which means that Smith Arthur T. is holding 514,180 shares at $673,694 based on the most recent closing price.
Stock Fundamentals for BRY
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.36 for the gross margin
The net margin for Berry Corp stands at 0.04. The total capital return value is set at 0.2. Equity return is now at value 4.80, with 2.14 for asset returns.
Based on Berry Corp (BRY), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 8.62.
Currently, EBITDA for the company is 248.24 million with net debt to EBITDA at 1.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 11.31for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In a nutshell, Berry Corp (BRY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
