Barnes Group Inc (NYSE: B)’s stock price has increased by 0.15 compared to its previous closing price of 46.61. However, the company has seen a 0.11% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that Barnes & Noble College announced it will partner again with North Carolina Agricultural and Technical State University to manage the N.C. A&T Bookstore.
Is It Worth Investing in Barnes Group Inc (NYSE: B) Right Now?
The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for B is 48.61M, and at present, short sellers hold a 1.51% of that float. On November 15, 2024, the average trading volume of B was 683.97K shares.
B’s Market Performance
B stock saw an increase of 0.11% in the past week, with a monthly gain of 0.28% and a quarterly increase of 22.49%. The volatility ratio for the week is 0.23%, and the volatility levels for the last 30 days are 0.38% for Barnes Group Inc (B). The simple moving average for the past 20 days is -0.03% for B’s stock, with a 18.87% simple moving average for the past 200 days.
Analysts’ Opinion of B
Many brokerage firms have already submitted their reports for B stocks, with DA Davidson repeating the rating for B by listing it as a “Buy.” The predicted price for B in the upcoming period, according to DA Davidson is $45 based on the research report published on April 18, 2024 of the current year 2024.
Alembic Global Advisors gave a rating of “Neutral” to B, setting the target price at $42 in the report published on April 11th of the previous year.
B Trading at 7.80% from the 50-Day Moving Average
After a stumble in the market that brought B to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.52% of loss for the given period.
Volatility was left at 0.38%, however, over the last 30 days, the volatility rate increased by 0.23%, as shares surge +0.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.92% upper at present.
During the last 5 trading sessions, B rose by +0.11%, which changed the moving average for the period of 200-days by +40.98% in comparison to the 20-day moving average, which settled at $46.70. In addition, Barnes Group Inc saw 43.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at B starting from EDWARDS DAWN N, who sale 5,851 shares at the price of $46.76 back on Nov 01 ’24. After this action, EDWARDS DAWN N now owns 87,213 shares of Barnes Group Inc, valued at $273,564 using the latest closing price.
EDWARDS DAWN N, the Officer of Barnes Group Inc, proposed sale 5,851 shares at $46.76 during a trade that took place back on Nov 01 ’24, which means that EDWARDS DAWN N is holding shares at $273,564 based on the most recent closing price.
Stock Fundamentals for B
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.31 for the gross margin
The net margin for Barnes Group Inc stands at -0.02. The total capital return value is set at 0.06. Equity return is now at value -3.01, with -1.25 for asset returns.
Based on Barnes Group Inc (B), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 1.78.
Currently, EBITDA for the company is 223.05 million with net debt to EBITDA at 4.39. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
To sum up, Barnes Group Inc (B) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
