Barnes Group Inc (NYSE: B)’s stock price has gone rise by 0.02 in comparison to its previous close of 46.85, however, the company has experienced a 0.26% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that BASKING RIDGE, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today announced the rapid and continued growth of its industry-leading First Day ® affordable access programs and new research data that highlight the positive impact the programs have on course material affordability and student outcomes.
Is It Worth Investing in Barnes Group Inc (NYSE: B) Right Now?
The 36-month beta value for B is at 1.33. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for B is 48.65M, and currently, shorts hold a 1.46% of that float. The average trading volume for B on November 28, 2024 was 733.45K shares.
B’s Market Performance
B’s stock has seen a 0.26% increase for the week, with a 0.15% rise in the past month and a 14.99% gain in the past quarter. The volatility ratio for the week is 0.37%, and the volatility levels for the past 30 days are at 0.33% for Barnes Group Inc The simple moving average for the last 20 days is 0.28% for B’s stock, with a simple moving average of 17.66% for the last 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 3.91% 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 -1.14% of loss for the given period.
Volatility was left at 0.33%, however, over the last 30 days, the volatility rate increased by 0.37%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.21% upper at present.
During the last 5 trading sessions, B rose by +0.26%, which changed the moving average for the period of 200-days by +35.79% in comparison to the 20-day moving average, which settled at $46.73. In addition, Barnes Group Inc saw 43.61% 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 207.25 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 2.14. 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
In conclusion, Barnes Group Inc (B) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
