In the past week, BBCP stock has gone down by -11.42%, with a monthly decline of -3.85% and a quarterly plunge of -21.26%. The volatility ratio for the week is 4.19%, and the volatility levels for the last 30 days are 3.18% for Concrete Pumping Holdings Inc The simple moving average for the past 20 days is -7.43% for BBCP’s stock, with a -20.76% simple moving average for the past 200 days.
Is It Worth Investing in Concrete Pumping Holdings Inc (NASDAQ: BBCP) Right Now?
Concrete Pumping Holdings Inc (NASDAQ: BBCP) has a price-to-earnings ratio of 18.81x that is above its average ratio. Additionally, the 36-month beta value for BBCP is 1.13. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BBCP is 23.81M and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of BBCP on September 05, 2024 was 130.52K shares.
BBCP) stock’s latest price update
The stock price of Concrete Pumping Holdings Inc (NASDAQ: BBCP) has dropped by -6.67 compared to previous close of 6.15. Despite this, the company has seen a fall of -11.42% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-04 that Concrete Pumping Holdings, Inc. (NASDAQ:BBCP ) Q3 2024 Earnings Conference Call September 4, 2024 5:00 PM ET Company Participants Cody Slach – IR, Gateway Group Bruce Young – CEO & Director Iain Humphries – CFO & Director Conference Call Participants Andy Wittmann – Baird Luke McFadden – William Blair Brent Thielman – D.A. Davidson Operator Good afternoon, everyone, and thank you for participating in today’s conference call to discuss Concrete Pumping Holdings Financial Results for the Third Quarter ended July 31, 2024.
Analysts’ Opinion of BBCP
JP Morgan, on the other hand, stated in their research note that they expect to see BBCP reach a price target of $8.50, previously predicting the price at $8. The rating they have provided for BBCP stocks is “Neutral” according to the report published on October 19th, 2023.
UBS gave a rating of “Buy” to BBCP, setting the target price at $11 in the report published on June 25th of the previous year.
BBCP Trading at -8.71% from the 50-Day Moving Average
After a stumble in the market that brought BBCP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.27% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares sank -4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.74% lower at present.
During the last 5 trading sessions, BBCP fell by -11.42%, which changed the moving average for the period of 200-days by -26.97% in comparison to the 20-day moving average, which settled at $6.19. In addition, Concrete Pumping Holdings Inc saw -30.00% 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 BBCP starting from Young Bruce F., who sale 5,000 shares at the price of $7.00 back on May 14 ’24. After this action, Young Bruce F. now owns 2,040,753 shares of Concrete Pumping Holdings Inc, valued at $35,000 using the latest closing price.
Young Bruce F., the Chief Executive Officer of Concrete Pumping Holdings Inc, sale 5,000 shares at $7.21 during a trade that took place back on Apr 15 ’24, which means that Young Bruce F. is holding 2,054,275 shares at $36,050 based on the most recent closing price.
Stock Fundamentals for BBCP
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.38 for the gross margin
The net margin for Concrete Pumping Holdings Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 5.63, with 2.05 for asset returns.
Based on Concrete Pumping Holdings Inc (BBCP), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 3.57.
Currently, EBITDA for the company is 120.45 million with net debt to EBITDA at 3.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 7.73for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In conclusion, Concrete Pumping Holdings Inc (BBCP) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
