The stock price of Brightcove Inc (NASDAQ: BCOV) has jumped by 8.54 compared to previous close of 1.64. Despite this, the company has seen a gain of 5.95% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Brightcove (BCOV) launches new player platforms for Roku, Samsung and LG Smart TVs that come with updated SDKs for content protection, monetization and analytics reporting.
Is It Worth Investing in Brightcove Inc (NASDAQ: BCOV) Right Now?
The 36-month beta value for BCOV is at 0.67. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BCOV is 40.54M, and currently, shorts hold a 4.09% of that float. The average trading volume for BCOV on May 01, 2024 was 233.65K shares.
BCOV’s Market Performance
BCOV stock saw a decrease of 5.95% in the past week, with a monthly decline of -6.32% and a quarterly a decrease of -24.26%. The volatility ratio for the week is 5.64%, and the volatility levels for the last 30 days are 5.25% for Brightcove Inc (BCOV). The simple moving average for the past 20 days is 1.77% for BCOV’s stock, with a -35.27% simple moving average for the past 200 days.
Analysts’ Opinion of BCOV
Rosenblatt, on the other hand, stated in their research note that they expect to see BCOV reach a price target of $10, previously predicting the price at $8. The rating they have provided for BCOV stocks is “Buy” according to the report published on February 13th, 2023.
Rosenblatt gave a rating of “Neutral” to BCOV, setting the target price at $8 in the report published on September 09th of the previous year.
BCOV Trading at -6.54% from the 50-Day Moving Average
After a stumble in the market that brought BCOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.96% of loss for the given period.
Volatility was left at 5.25%, however, over the last 30 days, the volatility rate increased by 5.64%, as shares sank -4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.46% lower at present.
During the last 5 trading sessions, BCOV rose by +5.95%, which changed the moving average for the period of 200-days by -55.28% in comparison to the 20-day moving average, which settled at $1.7445. In addition, Brightcove Inc saw -31.27% 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 BCOV starting from Edenbrook Capital, LLC, who purchase 46,831 shares at the price of $1.69 back on Apr 16 ’24. After this action, Edenbrook Capital, LLC now owns 6,512,633 shares of Brightcove Inc, valued at $79,107 using the latest closing price.
Edenbrook Capital, LLC, the 10% Owner of Brightcove Inc, purchase 10,000 shares at $1.68 during a trade that took place back on Apr 15 ’24, which means that Edenbrook Capital, LLC is holding 6,465,802 shares at $16,750 based on the most recent closing price.
Stock Fundamentals for BCOV
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.62 for the gross margin
The net margin for Brightcove Inc stands at -0.11. The total capital return value is set at -0.19. Equity return is now at value -23.32, with -10.31 for asset returns.
Based on Brightcove Inc (BCOV), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -39.59.
Currently, EBITDA for the company is -4.85 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 6.01for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In conclusion, Brightcove Inc (BCOV) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
