The stock of Berry Corp (NASDAQ: BRY) has decreased by -4.28 when compared to last closing price of 3.97. Despite this, the company has experienced a -10.59% fall in its stock price over the last five trading sessions. 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 Corp (NASDAQ: BRY) Right Now?
Berry Corp (NASDAQ: BRY) has a price-to-earnings ratio that is above its average at 3.53x. The stock has a 36-month beta value of 1.66. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for BRY is 74.97M, and at present, short sellers hold a 2.06% of that float. On December 20, 2024, the average trading volume of BRY was 1.39M shares.
BRY’s Market Performance
BRY stock saw a decrease of -10.59% in the past week, with a monthly decline of -9.52% and a quarterly a decrease of -29.76%. The volatility ratio for the week is 5.21%, and the volatility levels for the last 30 days are 4.57% for Berry Corp (BRY). The simple moving average for the past 20 days is -7.26% for BRY’s stock, with a -38.80% simple moving average for the past 200 days.
Analysts’ Opinion of BRY
Many brokerage firms have already submitted their reports for BRY stocks, with Piper Sandler repeating the rating for BRY by listing it as a “Neutral.” The predicted price for BRY in the upcoming period, according to Piper Sandler is $9 based on the research report published on August 14, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see BRY reach a price target of $8, previously predicting the price at $9. The rating they have provided for BRY stocks is “Hold” according to the report published on July 17th, 2023.
Jefferies gave a rating of “Buy” to BRY, setting the target price at $10 in the report published on October 19th of the previous year.
BRY Trading at -17.69% from the 50-Day Moving Average
After a stumble in the market that brought BRY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.84% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares sank -9.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.63% lower at present.
During the last 5 trading sessions, BRY fell by -10.59%, which changed the moving average for the period of 200-days by -46.25% in comparison to the 20-day moving average, which settled at $4.10. In addition, Berry Corp saw -44.48% 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 BRY starting from Araujo Fernando, who sale 33,950 shares at the price of $6.22 back on Aug 23 ’24. After this action, Araujo Fernando now owns 253,045 shares of Berry Corp, valued at $211,040 using the latest closing price.
FERNANDO G. ARAUJO, the Officer of Berry Corp, proposed sale 33,950 shares at $6.22 during a trade that took place back on Aug 23 ’24, which means that FERNANDO G. ARAUJO is holding shares at $211,040 based on the most recent closing price.
Stock Fundamentals for BRY
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.43 for the gross margin
The net margin for Berry Corp stands at 0.09. The total capital return value is set at 0.17. Equity return is now at value 11.60, with 5.34 for asset returns.
Based on Berry Corp (BRY), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 6.09.
Currently, EBITDA for the company is 251.38 million with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 12.43for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
To sum up, Berry Corp (BRY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
