BRDG has 36-month beta value of 1.64. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BRDG is 37.05M, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of BRDG on September 20, 2024 was 179.98K shares.
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BRDG) stock’s latest price update
The stock of Bridge Investment Group Holdings Inc (NYSE: BRDG) has increased by 0.44 when compared to last closing price of 9.17.Despite this, the company has seen a gain of 2.56% in its stock price over the last five trading days. zacks.com reported 2024-09-12 that Investors need to pay close attention to Bridge Investment Group (BRDG) stock based on the movements in the options market lately.
BRDG’s Market Performance
Bridge Investment Group Holdings Inc (BRDG) has seen a 2.56% rise in stock performance for the week, with a 19.77% gain in the past month and a 28.81% surge in the past quarter. The volatility ratio for the week is 5.16%, and the volatility levels for the past 30 days are at 3.92% for BRDG.. The simple moving average for the past 20 days is 10.30% for BRDG’s stock, with a 16.95% simple moving average for the past 200 days.
Analysts’ Opinion of BRDG
Many brokerage firms have already submitted their reports for BRDG stocks, with Wells Fargo repeating the rating for BRDG by listing it as a “Overweight.” The predicted price for BRDG in the upcoming period, according to Wells Fargo is $11 based on the research report published on September 12, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BRDG reach a price target of $11. The rating they have provided for BRDG stocks is “Outperform” according to the report published on January 04th, 2024.
BRDG Trading at 14.25% from the 50-Day Moving Average
After a stumble in the market that brought BRDG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.88% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares surge +20.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.58% upper at present.
During the last 5 trading sessions, BRDG rose by +2.78%, which changed the moving average for the period of 200-days by +20.18% in comparison to the 20-day moving average, which settled at $8.43. In addition, Bridge Investment Group Holdings Inc saw -5.83% 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 BRDG starting from Elsnab Katherine, who sale 389 shares at the price of $8.26 back on Jul 22 ’24. After this action, Elsnab Katherine now owns 212,776 shares of Bridge Investment Group Holdings Inc, valued at $3,213 using the latest closing price.
Elsnab Katherine, the Chief Financial Officer of Bridge Investment Group Holdings Inc, sale 391 shares at $8.03 during a trade that took place back on Jul 24 ’24, which means that Elsnab Katherine is holding 212,015 shares at $3,140 based on the most recent closing price.
Stock Fundamentals for BRDG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.74 for the gross margin
The net margin for Bridge Investment Group Holdings Inc stands at -0.0. The total capital return value is set at 0.03. Equity return is now at value -3.15, with -0.21 for asset returns.
Based on Bridge Investment Group Holdings Inc (BRDG), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 5.34. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is -53.44 million with net debt to EBITDA at 9.32. When we switch over and look at the enterprise to sales, we see a ratio of 6.37. The receivables turnover for the company is 5.06for trailing twelve months and the total asset turnover is 0.35.
Conclusion
To put it simply, Bridge Investment Group Holdings Inc (BRDG) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
