BrightSpire Capital Inc (NYSE: BRSP) has experienced a rise in its stock price by 11.18 compared to its previous closing price of 5.25. However, the company has seen a gain of 9.51% in its stock price over the last five trading days. zacks.com reported 2024-10-29 that BrightSpire (BRSP) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.28 per share a year ago.
Is It Worth Investing in BrightSpire Capital Inc (NYSE: BRSP) Right Now?
Company’s 36-month beta value is 1.94.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for BRSP is 127.84M, and currently, short sellers hold a 1.35% ratio of that floaft. The average trading volume of BRSP on October 30, 2024 was 870.94K shares.
BRSP’s Market Performance
BRSP’s stock has seen a 9.51% increase for the week, with a 6.13% rise in the past month and a 3.31% gain in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.86% for BrightSpire Capital Inc The simple moving average for the past 20 days is 7.93% for BRSP’s stock, with a -5.50% simple moving average for the past 200 days.
Analysts’ Opinion of BRSP
BofA Securities gave a rating of “Underperform” to BRSP, setting the target price at $6.50 in the report published on March 04th of the current year.
BRSP Trading at 3.37% from the 50-Day Moving Average
After a stumble in the market that brought BRSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.13% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.61% upper at present.
During the last 5 trading sessions, BRSP rose by +7.97%, which changed the moving average for the period of 200-days by -19.51% in comparison to the 20-day moving average, which settled at $5.40. In addition, BrightSpire Capital Inc saw -21.54% 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 BRSP starting from Palame David A, who sale 50,000 shares at the price of $6.76 back on Mar 27 ’24. After this action, Palame David A now owns 347,832 shares of BrightSpire Capital Inc, valued at $338,000 using the latest closing price.
Stock Fundamentals for BRSP
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.66 for the gross margin
The net margin for BrightSpire Capital Inc stands at -0.33. The total capital return value is set at 0.04. Equity return is now at value -10.67, with -3.18 for asset returns.
Based on BrightSpire Capital Inc (BRSP), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.28. The interest coverage ratio of the stock is -5.8.
Currently, EBITDA for the company is 46.0 million with net debt to EBITDA at 19.04. When we switch over and look at the enterprise to sales, we see a ratio of 7.82. The receivables turnover for the company is 9.44for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, BrightSpire Capital Inc (BRSP) has experienced a better 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.
