The stock of BrightSpire Capital Inc (NYSE: BRSP) has increased by 0.17 when compared to last closing price of 6.03. Despite this, the company has experienced a -2.11% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that ALE, ASGN and BRSP have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2024.
Is It Worth Investing in BrightSpire Capital Inc (NYSE: BRSP) Right Now?
Company’s 36-month beta value is 1.98.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BRSP is 127.83M, and currently, short sellers hold a 1.25% ratio of that floaft. The average trading volume of BRSP on May 10, 2024 was 755.19K shares.
BRSP’s Market Performance
The stock of BrightSpire Capital Inc (BRSP) has seen a -2.11% decrease in the past week, with a -2.42% drop in the past month, and a -9.17% fall in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 2.18% for BRSP. The simple moving average for the last 20 days is -3.51% for BRSP stock, with a simple moving average of -9.86% for the last 200 days.
Analysts’ Opinion of BRSP
BofA Securities, on the other hand, stated in their research note that they expect to see BRSP reach a price target of $6.50. The rating they have provided for BRSP stocks is “Underperform” according to the report published on March 04th, 2024.
Barclays gave a rating of “Equal Weight” to BRSP, setting the target price at $6 in the report published on November 15th of the previous year.
BRSP Trading at -7.72% from the 50-Day Moving Average
After a stumble in the market that brought BRSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.59% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -4.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.65% lower at present.
During the last 5 trading sessions, BRSP fell by -2.11%, which changed the moving average for the period of 200-days by -17.26% in comparison to the 20-day moving average, which settled at $6.24. In addition, BrightSpire Capital Inc saw -18.82% 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 BRSP starting from Palame David A, who sale 50,000 shares at the price of $6.76 back on Mar 27 ’24. After this action, Palame David A now owns 347,832 shares of BrightSpire Capital Inc, valued at $338,000 using the latest closing price.
Stock Fundamentals for BRSP
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.6 for the gross margin
The net margin for BrightSpire Capital Inc stands at -0.18. The total capital return value is set at 0.03. Equity return is now at value -5.41, with -1.61 for asset returns.
Based on BrightSpire Capital Inc (BRSP), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.17. The interest coverage ratio of the stock is -3.47.
Currently, EBITDA for the company is 46.0 million with net debt to EBITDA at 37.24. When we switch over and look at the enterprise to sales, we see a ratio of 7.91. The receivables turnover for the company is 9.53for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, BrightSpire Capital Inc (BRSP) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
