Purchase Of Shares In Brilliant Earth Group Inc. (BRLT) By Kuo Jeffrey Chuenhong

As of Friday close, Brilliant Earth Group Inc.’s (NASDAQ:BRLT) stock was down -$2.27, moving down -33.63 percent to $4.48. The average number of shares traded per day over the past five days has been 583,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.16 fall in that time frame. In the last twenty days, the average volume was 236,495, while in the previous 50 days, it was 232,874.


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Since last month, BRLT stock retreated -48.92%. Shares of the company fell to $4.46 on 05/13/22, the lowest level in the past month. Since the beginning of this year, BRLT’s stock price has dropped by -75.19% or -$13.58, and marked a new high 2 times. However, the stock has declined by -78.03% since its 52-week high.

Brilliant Earth Group Inc. (BRLT) last reported insider trading activity 39 days ago on Apr 05. Kuo Jeffrey Chuenhong, the Chief Financial Officer of the company, disposed of 8,986 shares for $9.36 on Apr 05. It resulted in a $84,064 divestment by the insider. Kuo Jeffrey Chuenhong sold 19,185 shares at an average price of $9.48 on Apr 04. The insider now owns 87,719 shares following the transaction. On Apr 01, Chief Financial Officer Kuo Jeffrey Chuenhong sold 28,000 shares at $9.70 apiece. The transaction was valued at $271,511.

Valuation Metrics

Right now, Brilliant Earth Group Inc. (BRLT) has a P/E ratio of about 280.00. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 49.78, and the price-to-cash flow ratio of 10.98 may also be considered.

Financial Health

In the three months ended September 29, Brilliant Earth Group Inc.’s quick ratio stood at 2.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 3.90, and the total debt-to-equity ratio was 7.57. On the profitability front, the trailing twelve-month gross margin is 49.30% percent. In the year ended September 29, operating margins totaled 10.50%. Based on annual data, BRLT earned $187.42 million in gross profit and brought in $380.19 million in revenue.

In Brilliant Earth Group Inc.’s quarter-end financial report for September 29, it reported total debt of $32.79 million. BRLT’s revenue rose 100.0% to $95.24 million during the quarter, while net income inched up to -$95.24 million. While analysts expected Brilliant Earth Group Inc. to report -$0.01 quarterly earnings, the actual figure was $0.09 per share. The value of shareholders’ equity is $95.01 million.

Technical Picture

This quick technical analysis looks at Brilliant Earth Group Inc.’s (BRLT) price momentum. With a historical volatility rate of 199.12%, the RSI 9-day stood at 20.37% on 13 May.

With respect to its five-day moving average, the current Brilliant Earth Group Inc. price is down by -41.36% percent or -$3.16. At present, BRLT shares trade -46.35% below its 20-day simple moving average and -69.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -47.23% below its SMA50.

Stochastic coefficient K was 8.78% and Stochastic coefficient D was 10.31%, while ATR was 0.93. Given the Stochastic reading of 0.49% for the 14-day period, the RSI (14) reading has been calculated as 25.50%. As of today, the MACD Oscillator reading stands at -1.15, while the 14-day reading stands at -1.41.

Analyst Ratings

Piper Sandler launched its rating on Brilliant Earth Group Inc. (NASDAQ: BRLT) to an Overweight in a note to investors on October 18, 2021. Brilliant Earth Group Inc. (BRLT) has been rated Buy by analysts. According to 0 brokerage firms , BRLT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Brilliant Earth Group Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $13.50, the current consensus forecast for the stock is $10.00 – $20.00. Based on these forecasts, analysts predict Brilliant Earth Group Inc. (BRLT) will achieve an average price target of $14.17.

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