The stock of Berry Corp (BRY) has gone up by 0.23% for the week, with a 18.45% rise in the past month and a 34.52% rise in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are 2.49% for BRY. The simple moving average for the last 20 days is 8.11% for BRY’s stock, with a simple moving average of 17.85% for the last 200 days.
Is It Worth Investing in Berry Corp (NASDAQ: BRY) Right Now?
Berry Corp (NASDAQ: BRY) has a higher price-to-earnings ratio of 18.78x compared to its average ratio. BRY has 36-month beta value of 1.80. Analysts have mixed views 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 73.78M, and currently, short sellers hold a 6.88% ratio of that float. The average trading volume of BRY on April 12, 2024 was 1.05M shares.
BRY) stock’s latest price update
The stock price of Berry Corp (NASDAQ: BRY) has dropped by -0.80 compared to previous close of 8.73. Despite this, the company has seen a gain of 0.23% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-06 that Investors love dividend stocks because they provide dependable income and a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation.
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 19.54% 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 -1.03% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +15.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.07% upper at present.
During the last 5 trading sessions, BRY rose by +0.23%, which changed the moving average for the period of 200-days by +29.06% in comparison to the 20-day moving average, which settled at $8.07. In addition, Berry Corp saw 25.52% 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
To put it simply, Berry Corp (BRY) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
