In the past week, BRY stock has gone down by -9.66%, with a monthly decline of -11.33% and a quarterly surge of 18.06%. The volatility ratio for the week is 4.19%, and the volatility levels for the last 30 days are 3.26% for Berry Corp The simple moving average for the last 20 days is -9.04% for BRY’s stock, with a simple moving average of 2.44% 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 613.60x compared to its average ratio, The 36-month beta value for BRY is at 1.80. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BRY is 74.76M, and currently, shorts hold a 6.60% of that float. The average trading volume for BRY on May 08, 2024 was 1.09M shares.
BRY) stock’s latest price update
The stock of Berry Corp (NASDAQ: BRY) has decreased by -3.76 when compared to last closing price of 7.97.Despite this, the company has seen a loss of -9.66% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Berry Petroleum (BRY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
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 -2.98% 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 -13.58% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares sank -10.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.10% upper at present.
During the last 5 trading sessions, BRY fell by -9.66%, which changed the moving average for the period of 200-days by +2.82% in comparison to the 20-day moving average, which settled at $8.39. In addition, Berry Corp saw 11.17% 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:
- 0.43 for the present operating margin
- 0.43 for the gross margin
The net margin for Berry Corp stands at 0.0. The total capital return value is set at 0.31. Equity return is now at value 0.44, with 0.20 for asset returns.
Based on Berry Corp (BRY), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 11.34.
Currently, EBITDA for the company is 248.24 million with net debt to EBITDA at 1.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 10.78for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Berry Corp (BRY) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
