Brightcove Inc [NASDAQ: BCOV] stock went on an upward path that rose over 35.42% on Monday, amounting to a one-week price increase of more than 41.64%.
Over the last 12 months, BCOV stock rose by 72.80%. The one-year Brightcove Inc stock forecast points to a potential downside of -8.54. The average equity rating for BCOV stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $206.64 million, with 43.70 million shares outstanding and 41.45 million shares in the current float. Compared to the average trading volume of 217.08K shares, BCOV stock reached a trading volume of 11089124 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Brightcove Inc [BCOV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BCOV shares is $3.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BCOV 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.
Lake Street have made an estimate for Brightcove Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 05, 2024. The new note on the price target was released on July 31, 2023, representing the official price target for Brightcove Inc stock. Previously, the target price had yet another raise from $8 to $10, while Rosenblatt kept a Buy rating on BCOV stock.
The Average True Range (ATR) for Brightcove Inc is set at 0.21, with the Price to Sales ratio for BCOV stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for BCOV in the course of the last twelve months was 53.40 with Quick ratio for the last quarter at 0.75.
BCOV Stock Performance Analysis:
Brightcove Inc [BCOV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.64. With this latest performance, BCOV shares gained by 91.15% in over the last four-week period, additionally plugging by 105.71% over the last 6 months – not to mention a rise of 72.80% 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 BCOV stock in for the last two-week period is set at 89.04, with the RSI for the last a single of trading hit 92.84, and the three-weeks RSI is set at 85.15 for Brightcove Inc [BCOV]. The present Moving Average for the last 50 days of trading for this stock 2.43, while it was recorded at 3.29 for the last single week of trading, and 2.18 for the last 200 days.
Insight into Brightcove Inc Fundamentals:
Brightcove Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.
BCOV Stock EPS
With the latest financial reports released by the company, Brightcove Inc posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 BCOV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brightcove Inc go to 15.00%.
Brightcove Inc [BCOV] Institutonal Ownership Details
There are presently around $66.97%, or 70.93%% of BCOV stock, in the hands of institutional investors. The top three institutional holders of BCOV stocks are: EDENBROOK CAPITAL, LLC with ownership of 6.53 million shares, which is approximately 14.8499%. LYNROCK LAKE LP, holding 4.41 million shares of the stock with an approximate value of $$10.45 million in BCOV stocks shares; and LYNROCK LAKE LP, currently with $$8.26 million in BCOV stock with ownership which is approximately 7.9275%.
