Brand Engagement Network Inc (NASDAQ: BNAI)’s stock price has gone decline by -2.28 in comparison to its previous close of 1.78, however, the company has experienced a -13.03% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-08-26 that JACKSON, Wyo., Aug. 26, 2024 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced it has closed a private placement with existing investors to purchase shares of BEN’s common stock in the aggregate amount of $5.925 million. Concurrently, BEN announced that it has entered into a $50 million Standby Equity Purchase Agreement (“SEPA”) with Yorkville Advisors. Together, these two transactions provide the Company with increased financial flexibility and access to capital in support of strategic growth initiatives, expanded market validation, and production scaling of its human-like, conversational AI assistants.
Is It Worth Investing in Brand Engagement Network Inc (NASDAQ: BNAI) Right Now?
Moreover, the 36-month beta value for BNAI is 0.77. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BNAI is 15.69M and currently, short sellers hold a 0.59% of that float. On August 26, 2024, BNAI’s average trading volume was 3.30M shares.
BNAI’s Market Performance
BNAI stock saw a decrease of -13.03% in the past week, with a monthly decline of -36.52% and a quarterly a decrease of 49.95%. The volatility ratio for the week is 11.29%, and the volatility levels for the last 30 days are 15.08% for Brand Engagement Network Inc (BNAI). The simple moving average for the last 20 days is -9.67% for BNAI’s stock, with a simple moving average of -73.86% for the last 200 days.
Analysts’ Opinion of BNAI
Many brokerage firms have already submitted their reports for BNAI stocks, with Maxim Group repeating the rating for BNAI by listing it as a “Buy.” The predicted price for BNAI in the upcoming period, according to Maxim Group is $6 based on the research report published on July 25, 2024 of the current year 2024.
BNAI Trading at -35.92% from the 50-Day Moving Average
After a stumble in the market that brought BNAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.19% of loss for the given period.
Volatility was left at 15.08%, however, over the last 30 days, the volatility rate increased by 11.29%, as shares sank -33.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.14% lower at present.
During the last 5 trading sessions, BNAI fell by -5.50%, which changed the moving average for the period of 200-days by -81.59% in comparison to the 20-day moving average, which settled at $1.8785. In addition, Brand Engagement Network Inc saw -83.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BNAI
Current profitability levels for the company are sitting at:
- -300.5 for the present operating margin
- -15.06 for the gross margin
The net margin for Brand Engagement Network Inc stands at -374.29. The total capital return value is set at -0.71. Equity return is now at value -72.19, with -45.04 for asset returns.
Based on Brand Engagement Network Inc (BNAI), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -3.51. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -2649.51.
Currently, EBITDA for the company is -2.81 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1219.12. The receivables turnover for the company is 16.6for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To wrap up, the performance of Brand Engagement Network Inc (BNAI) has been bad in recent times. The stock has received a mixed of “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.
