BARK Inc [NYSE: BARK] gained 15.56% on the last trading session, reaching $1.04 price per share at the time. The company report on February 7, 2024 at 4:00 PM that BARK Reports Third Quarter Fiscal Year 2024 Results.
BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced its financial results for the fiscal third quarter ended December 31, 2023.
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If compared to the average trading volume of 1.14M shares, BARK reached a trading volume of 2911990 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BARK Inc [BARK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BARK shares is $1.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BARK stock is a recommendation set at 2.00. 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.
Jefferies have made an estimate for BARK Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 19, 2023.
The Average True Range (ATR) for BARK Inc is set at 0.07, with the Price to Sales ratio for BARK stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.73. Price to Free Cash Flow for BARK in the course of the last twelve months was 10.89 with Quick ratio for the last quarter at 1.56.
Trading performance analysis for BARK stock
BARK Inc [BARK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.26. With this latest performance, BARK shares gained by 8.33% in over the last four-week period, additionally sinking by -16.13% over the last 6 months – not to mention a drop of -48.51% 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 BARK stock in for the last two-week period is set at 61.23, with the RSI for the last a single of trading hit 63.73, and the three-weeks RSI is set at 59.06 for BARK Inc [BARK]. The present Moving Average for the last 50 days of trading for this stock 0.8462, while it was recorded at 0.9291 for the last single week of trading, and 1.1278 for the last 200 days.
BARK Inc [BARK]: A deeper dive into fundamental analysis
BARK Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.56 and a Current Ratio set at 2.65.
BARK Inc [BARK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, BARK Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BARK.
An analysis of Institutional ownership at BARK Inc [BARK]
The top three institutional holders of BARK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BARK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BARK stock with ownership which is approximately 5.8325%.
