Berry Global Group Inc (NYSE: BERY)’s stock price has dropped by -8.68 in relation to previous closing price of 70.95. Nevertheless, the company has seen a loss of -7.08% in its stock price over the last five trading days. businesswire.com reported 2024-11-05 that EVANSVILLE, Ind.–(BUSINESS WIRE)–Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its fourth quarter and fiscal year 2024 results on Wednesday, November 20, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company’s results and performance. This call will be webcast live at the Company’s website at https://ir.berryglobal.com/financials. A new, simplified event regist.
Is It Worth Investing in Berry Global Group Inc (NYSE: BERY) Right Now?
The price-to-earnings ratio for Berry Global Group Inc (NYSE: BERY) is above average at 13.84x, Company’s 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BERY is 114.16M, and currently, short sellers hold a 3.87% ratio of that floaft. The average trading volume of BERY on November 06, 2024 was 738.64K shares.
BERY’s Market Performance
BERY stock saw a decrease of -7.08% in the past week, with a monthly decline of -2.66% and a quarterly a decrease of 3.37%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 1.90% for Berry Global Group Inc (BERY). The simple moving average for the past 20 days is -6.23% for BERY’s stock, with a 3.67% simple moving average for the past 200 days.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with Morgan Stanley repeating the rating for BERY by listing it as a “Equal-Weight.” The predicted price for BERY in the upcoming period, according to Morgan Stanley is $76 based on the research report published on September 04, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see BERY reach a price target of $65, previously predicting the price at $68. The rating they have provided for BERY stocks is “Neutral” according to the report published on April 16th, 2024.
Truist gave a rating of “Hold” to BERY, setting the target price at $68 in the report published on March 27th of the current year.
BERY Trading at -4.70% from the 50-Day Moving Average
After a stumble in the market that brought BERY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.55% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -2.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.02% lower at present.
During the last 5 trading sessions, BERY fell by -7.08%, which changed the moving average for the period of 200-days by -3.67% in comparison to the 20-day moving average, which settled at $69.09. In addition, Berry Global Group Inc saw -3.86% 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 BERY starting from Bayh Evan, who sale 14,000 shares at the price of $70.13 back on Oct 15 ’24. After this action, Bayh Evan now owns 30,228 shares of Berry Global Group Inc, valued at $981,820 using the latest closing price.
Bayh Evan, the Director of Berry Global Group Inc, proposed sale 14,000 shares at $70.13 during a trade that took place back on Oct 15 ’24, which means that Bayh Evan is holding shares at $981,792 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.18 for the gross margin
The net margin for Berry Global Group Inc stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 16.40, with 3.41 for asset returns.
Based on Berry Global Group Inc (BERY), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.61. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at 4.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 7.47for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In a nutshell, Berry Global Group Inc (BERY) 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.
