Company’s 36-month beta value is 1.73.
The public float for BETR is 242.47M, and currently, short sellers hold a 2.02% ratio of that floaft. The average trading volume of BETR on August 01, 2024 was 1.32M shares.
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BETR) stock’s latest price update
Better Home & Finance Holding Co. (NASDAQ: BETR) has seen a decline in its stock price by -2.81 in relation to its previous close of 0.51. However, the company has experienced a -3.23% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-24 that AGNC Investment faced challenges with hedge rolls and interest rate cuts, leading to negative economic returns in Q2-2024. Despite maintaining dividends, AGNC’s tangible book value loss outweighed returns, with a record amount of equity issued. We tell you why there are better choices than AGNC, even for those sticking with preferred shares.
BETR’s Market Performance
BETR’s stock has fallen by -3.23% in the past week, with a monthly rise of 11.37% and a quarterly rise of 27.45%. The volatility ratio for the week is 7.02% while the volatility levels for the last 30 days are 8.71% for Better Home & Finance Holding Co. The simple moving average for the last 20 days is -6.93% for BETR stock, with a simple moving average of 1.46% for the last 200 days.
BETR Trading at 12.47% 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 -99.19% of loss for the given period.
Volatility was left at 8.71%, however, over the last 30 days, the volatility rate increased by 7.02%, as shares surge +8.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.61% upper at present.
During the last 5 trading sessions, BETR fell by -3.27%, which changed the moving average for the period of 200-days by +24.26% in comparison to the 20-day moving average, which settled at $0.5333. In addition, Better Home & Finance Holding Co. saw -39.44% 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 6.76. 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 a nutshell, Better Home & Finance Holding Co. (BETR) has experienced a mixed 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.
