The 36-month beta value for BETR is also noteworthy at 1.65.
The public float for BETR is 240.15M, and at present, short sellers hold a 2.34% of that float. The average trading volume of BETR on June 05, 2024 was 943.32K shares.
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BETR) stock’s latest price update
The stock of Better Home & Finance Holding Co. (NASDAQ: BETR) has increased by 3.08 when compared to last closing price of 0.33.Despite this, the company has seen a loss of -2.65% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-14 that Better Home & Finance Holding Company (NASDAQ:BETR ) Q1 2024 Earnings Conference Call May 14, 2024 8:30 AM ET Company Participants Hana Khosla – VP, Corporate Finance & IR Vishal Garg – Founder & CEO Kevin Ryan – CFO Conference Call Participants Ryan Tomasello – KBW Reginald Smith – J.P. Morgan Jamie Friedman – Susquehanna Operator Thank you for standing by.
BETR’s Market Performance
Better Home & Finance Holding Co. (BETR) has experienced a -2.65% fall in stock performance for the past week, with a -11.61% drop in the past month, and a -29.79% drop in the past quarter. The volatility ratio for the week is 7.86%, and the volatility levels for the past 30 days are at 9.13% for BETR. The simple moving average for the past 20 days is -9.58% for BETR’s stock, with a -63.96% simple moving average for the past 200 days.
BETR Trading at -17.94% from the 50-Day Moving Average
After a stumble in the market that brought BETR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.46% of loss for the given period.
Volatility was left at 9.13%, however, over the last 30 days, the volatility rate increased by 7.86%, as shares sank -10.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.25% lower at present.
During the last 5 trading sessions, BETR fell by -2.28%, which changed the moving average for the period of 200-days by -98.57% in comparison to the 20-day moving average, which settled at $0.3754. In addition, Better Home & Finance Holding Co. saw -58.21% 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 BETR starting from Valani Riaz, who sale 720,422 shares at the price of $0.33 back on May 31 ’24. After this action, Valani Riaz now owns 15,276,317 shares of Better Home & Finance Holding Co., valued at $240,725 using the latest closing price.
Valani Riaz, the Director of Better Home & Finance Holding Co., sale 853,339 shares at $0.34 during a trade that took place back on May 30 ’24, which means that Valani Riaz is holding 15,996,739 shares at $293,736 based on the most recent closing price.
Stock Fundamentals for BETR
Current profitability levels for the company are sitting at:
- -2.79 for the present operating margin
- -0.42 for the gross margin
The net margin for Better Home & Finance Holding Co. stands at -5.42. The total capital return value is set at -0.4. Equity return is now at value -989.42, with -103.18 for asset returns.
Based on Better Home & Finance Holding Co. (BETR), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 8.78. The interest coverage ratio of the stock is -9.79.
Currently, EBITDA for the company is -205.63 million with net debt to EBITDA at -1.25. When we switch over and look at the enterprise to sales, we see a ratio of 5.52. The receivables turnover for the company is 0.47for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In summary, Better Home & Finance Holding Co. (BETR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
