The stock price of Berry Global Group Inc (NYSE: BERY) has dropped by -1.15 compared to previous close of 71.55. Despite this, the company has seen a gain of 6.91% in its stock price over the last five trading days. zacks.com reported 2024-11-26 that BERY inks a deal to sell its Tapes business for $540 million to focus on core businesses while supporting capital allocation priorities.
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 16.10x, Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for BERY is 114.67M, and currently, short sellers hold a 4.13% ratio of that floaft. The average trading volume of BERY on November 27, 2024 was 1.19M shares.
BERY’s Market Performance
BERY’s stock has seen a 6.91% increase for the week, with a 10.38% rise in the past month and a 13.84% gain in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.48% for Berry Global Group Inc The simple moving average for the last 20 days is 4.84% for BERY’s stock, with a simple moving average of 21.66% for the last 200 days.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with JP Morgan repeating the rating for BERY by listing it as a “Overweight.” The predicted price for BERY in the upcoming period, according to JP Morgan is $76 based on the research report published on November 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BERY reach a price target of $76. The rating they have provided for BERY stocks is “Neutral” according to the report published on November 25th, 2024.
UBS gave a rating of “Neutral” to BERY, setting the target price at $75 in the report published on November 22nd of the current year.
BERY Trading at 9.57% 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 -3.52% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.17% upper at present.
During the last 5 trading sessions, BERY rose by +6.91%, which changed the moving average for the period of 200-days by +20.56% in comparison to the 20-day moving average, which settled at $68.63. In addition, Berry Global Group Inc saw 14.33% 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 BERY starting from RICKERTSEN CARL J, who proposed sale 6,246 shares at the price of $68.05 back on Nov 20 ’24. After this action, RICKERTSEN CARL J now owns shares of Berry Global Group Inc, valued at $425,068 using the latest closing price.
Bayh Evan, the Director of Berry Global Group Inc, 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 30,228 shares at $981,820 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.38 for the gross margin
The net margin for Berry Global Group Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 15.12, with 3.06 for asset returns.
Based on Berry Global Group Inc (BERY), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5.
Currently, EBITDA for the company is 937.0 million with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 7.64for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In a nutshell, Berry Global Group Inc (BERY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
