Berkshire Grey Inc. [NASDAQ: BGRY] stock went on an upward path that rose over 20.18% on Monday, amounting to a one-week price increase of more than 18.10%. The company report on March 24, 2023 that Berkshire Grey Enters into Definitive Merger Agreement with SoftBank Group for Go-Private Transaction.
“After a thoughtful review of value creation opportunities available to Berkshire Grey, we are pleased to have reached this agreement with SoftBank, which we believe offers significant value to our stockholders,” said Tom Wagner, CEO of Berkshire Grey. “SoftBank is a great partner and this merger will strengthen our ability to serve customers with our disruptive AI robotics technology as they seek to become more efficient in their operations and maintain a competitive edge.”.
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Over the last 12 months, BGRY stock dropped by -64.42%. The one-year Berkshire Grey Inc. stock forecast points to a potential upside of 57.85. The average equity rating for BGRY stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $344.06 million, with 234.68 million shares outstanding and 220.06 million shares in the current float. Compared to the average trading volume of 1.54M shares, BGRY stock reached a trading volume of 11983418 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Berkshire Grey Inc. [BGRY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BGRY shares is $3.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BGRY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Berkshire Grey Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 27, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on December 08, 2021, representing the official price target for Berkshire Grey Inc. stock. Previously, the target price had yet another raise to $10, while Credit Suisse analysts kept a Outperform rating on BGRY stock.
The Average True Range (ATR) for Berkshire Grey Inc. is set at 0.14, with the Price to Sales ratio for BGRY stock in the period of the last 12 months amounting to 4.52. The Price to Book ratio for the last quarter was 4.03, with the Price to Cash per share for the same quarter was set at 0.31.
BGRY Stock Performance Analysis:
Berkshire Grey Inc. [BGRY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.10. With this latest performance, BGRY shares gained by 16.10% in over the last four-week period, additionally sinking by -22.60% over the last 6 months – not to mention a drop of -64.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BGRY stock in for the last two-week period is set at 58.32, with the RSI for the last a single of trading hit 64.26, and the three-weeks RSI is set at 55.78 for Berkshire Grey Inc. [BGRY]. The present Moving Average for the last 50 days of trading for this stock 1.2269, while it was recorded at 1.2100 for the last single week of trading, and 1.4641 for the last 200 days.
Insight into Berkshire Grey Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Berkshire Grey Inc. [BGRY] shares currently have an operating margin of -323.17 and a Gross Margin at -16.22. Berkshire Grey Inc.’s Net Margin is presently recorded at -301.62.
Return on Total Capital for BGRY is now -82.12, given the latest momentum, and Return on Invested Capital for the company is -76.65. Return on Equity for this stock declined to -76.65, with Return on Assets sitting at -60.66.
Reflecting on the efficiency of the workforce at the company, Berkshire Grey Inc. [BGRY] managed to generate an average of -$383,450 per employee. Receivables Turnover for the company is 5.78 with a Total Asset Turnover recorded at a value of 0.20.Berkshire Grey Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.30.
Berkshire Grey Inc. [BGRY] Insider Position Details
There are presently around $223 million, or 83.20% of BGRY stock, in the hands of institutional investors. The top three institutional holders of BGRY stocks are: SB GLOBAL ADVISERS LTD with ownership of 65,567,317, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; VK SERVICES, LLC, holding 56,567,914 shares of the stock with an approximate value of $64.49 million in BGRY stocks shares; and NEA MANAGEMENT COMPANY, LLC, currently with $43.53 million in BGRY stock with ownership of nearly -0.114% of the company’s market capitalization.
Positions in Berkshire Grey Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 36 institutional holders increased their position in Berkshire Grey Inc. [NASDAQ:BGRY] by around 3,106,009 shares. Additionally, 37 investors decreased positions by around 1,467,431 shares, while 23 investors held positions by with 190,899,001 shares. The mentioned changes placed institutional holdings at 195,472,441 shares, according to the latest SEC report filing. BGRY stock had 15 new institutional investments in for a total of 1,772,604 shares, while 16 institutional investors sold positions of 756,430 shares during the same period.