BRC Inc [NYSE: BRCC] loss -6.59% or -0.24 points to close at $3.40 with a heavy trading volume of 6945615 shares.
The daily chart for BRCC points out that the company has recorded -26.57% loss over the past six months.
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If we look at the average trading volume of 1.10M shares, BRCC reached to a volume of 6945615 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 BRC Inc [BRCC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BRCC shares is $4.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BRCC stock is a recommendation set at 2.14. 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.
Telsey Advisory Group have made an estimate for BRC Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, ROTH MKM dropped their target price from $8 to $4. The new note on the price target was released on August 09, 2024, representing the official price target for BRC Inc stock.
The Average True Range (ATR) for BRC Inc is set at 0.29, with the Price to Sales ratio for BRCC stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 15.97, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for BRCC in the course of the last twelve months was 391.16 with Quick ratio for the last quarter at 0.59.
Trading performance analysis for BRCC stock
BRC Inc [BRCC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.02. With this latest performance, BRCC shares dropped by -3.41% in over the last four-week period, additionally sinking by -26.57% over the last 6 months – not to mention a drop of -26.41% 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 BRCC stock in for the last two-week period is set at 28.17, with the RSI for the last a single of trading hit 21.38, and the three-weeks RSI is set at 32.29 for BRC Inc [BRCC]. The present Moving Average for the last 50 days of trading for this stock 4.85, while it was recorded at 3.75 for the last single week of trading, and 4.65 for the last 200 days.
BRC Inc [BRCC]: A deeper dive into fundamental analysis
BRC Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 1.07.
An analysis of Institutional ownership at BRC Inc [BRCC]
There are presently around $60.55%, or 79.21%% of BRCC stock, in the hands of institutional investors. The top three institutional holders of BRCC stocks are: ENGAGED CAPITAL LLC with ownership of 12.85 million shares, which is approximately 19.3795%. VANGUARD GROUP INC, holding 4.59 million shares of the stock with an approximate value of $$28.16 million in BRCC stocks shares; and VANGUARD GROUP INC, currently with $$19.25 million in BRCC stock with ownership which is approximately 4.7355%.
