BurgerFi International Inc [BFI] stock Initiated by BTIG Research analyst, price target now $11

BurgerFi International Inc [NASDAQ: BFI] surged by $0.11 during the normal trading session on while it closed the day at $0.23.

BurgerFi International Inc stock has also gained 28.37% of its value over the past 7 days. However, BFI stock has declined by -3.75% in the 3 months of the year. Over the past six months meanwhile, it has lost -62.22% and lost -72.85% year-on date.

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The market cap for BFI stock reached $6.40 million, with 26.83 million shares outstanding and 13.43 million shares in the current float. Compared to the average trading volume of 8.25M shares, BFI reached a trading volume of 258595951 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about BurgerFi International Inc [BFI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BFI shares is $0.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BFI stock is a recommendation set at 1.00. 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.

BTIG Research have made an estimate for BurgerFi International Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 23, 2021.

The Average True Range (ATR) for BurgerFi International Inc is set at 0.06, with the Price to Sales ratio for BFI stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 0.15.

BFI stock trade performance evaluation

BurgerFi International Inc [BFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.37. With this latest performance, BFI shares dropped by -35.97% in over the last four-week period, additionally sinking by -62.22% over the last 6 months – not to mention a drop of -81.61% 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 BFI stock in for the last two-week period is set at 53.16, with the RSI for the last a single of trading hit 59.43, and the three-weeks RSI is set at 50.34 for BurgerFi International Inc [BFI]. The present Moving Average for the last 50 days of trading for this stock 0.2628, while it was recorded at 0.1572 for the last single week of trading, and 0.4871 for the last 200 days.

BurgerFi International Inc [BFI]: An insightful look at the core fundamentals

BurgerFi International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.12.

BurgerFi International Inc [BFI]: Institutional Ownership

There are presently around $19.72%, or 35.14%% of BFI stock, in the hands of institutional investors. The top three institutional holders of BFI stocks are: LION POINT CAPITAL, LP with ownership of 2.75 million shares, which is approximately 10.162%. CATTERTON MANAGEMENT COMPANY, L.L.C., holding 1.4 million shares of the stock with an approximate value of $$0.28 million in BFI stocks shares; and CATTERTON MANAGEMENT COMPANY, L.L.C., currently with $$70724.0 in BFI stock with ownership which is approximately 1.2893%.

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