Better Home & Finance Holding Co. (NASDAQ: BETR)’s stock price has plunge by 2.67relation to previous closing price of 0.39. Nevertheless, the company has seen a 2.99% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-10 that Better Home & Finance Holding Company (NASDAQ:BETR ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Hana Khosla – VP, Corporate Finance & IR Vishal Garg – Founder & CEO Kevin Ryan – CFO Conference Call Participants Rayna Kumar – Oppenheimer Ryan Tomasello – KBW Joseph Vafi – Canaccord Genuity Jeff Cantwell – Seaport Research Partners Operator Thank you for standing by. My name is Jeannie and I will be your conference operator today.
Is It Worth Investing in Better Home & Finance Holding Co. (NASDAQ: BETR) Right Now?
Company’s 36-month beta value is 1.79.
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The public float for BETR is 250.23M, and currently, short sellers hold a 1.66% ratio of that floaft. The average trading volume of BETR on August 15, 2024 was 1.37M shares.
BETR’s Market Performance
BETR stock saw a decrease of 2.99% in the past week, with a monthly decline of -29.20% and a quarterly a decrease of 1.09%. The volatility ratio for the week is 13.03%, and the volatility levels for the last 30 days are 9.99% for Better Home & Finance Holding Co. (BETR). The simple moving average for the past 20 days is -16.95% for BETR’s stock, with a -18.21% simple moving average for the past 200 days.
BETR Trading at -12.28% 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 -98.86% of loss for the given period.
Volatility was left at 9.99%, however, over the last 30 days, the volatility rate increased by 13.03%, as shares sank -24.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.33% upper at present.
During the last 5 trading sessions, BETR rose by +3.56%, which changed the moving average for the period of 200-days by -13.43% in comparison to the 20-day moving average, which settled at $0.4746. In addition, Better Home & Finance Holding Co. saw -51.08% 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:
- -2.62 for the present operating margin
- -0.31 for the gross margin
The net margin for Better Home & Finance Holding Co. stands at -5.25. The total capital return value is set at -0.26. Equity return is now at value -1720.77, with -99.27 for asset returns.
Based on Better Home & Finance Holding Co. (BETR), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 17.33. The interest coverage ratio of the stock is -13.34.
Currently, EBITDA for the company is -205.63 million with net debt to EBITDA at -2.09. When we switch over and look at the enterprise to sales, we see a ratio of 7.65. 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.
