Is BARK Inc. (BARK) A Risky Investment?

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MNDY Stock
MNDY Stock

BARK Inc. (NYSE:BARK) finished Wednesday with an addition of $0.03 to close at $1.78, an upside of 1.71 percent. An average of 2,893,600 shares of common stock have been traded in the last five days. There was a fall of -$0.3000 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,024,405 shares traded, while the 50-day average volume stands at 1,920,590.

BARK stock has decreased by -23.28% in the last month. The company shares reached their 1-month lowest point of $1.7400 on 09/21/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $1.25 and a high of $8.12 in 52 weeks. It has reached a new high 3 times so far this year and lost -57.82% or -$2.4400 in price. In spite of this, the price is down -78.08% from the 52-week high.


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Insider Transactions

314 days have passed since BARK Inc. (BARK) last reported insider trading activity. Novotny Mike, who is President of BARK Eats, most recently acquired $559,056 shares at $6.42 per share on Nov 12.

Valuation Metrics

BARK Inc. (BARK) has a trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 1.52.

Financial Health

The quick ratio of BARK Inc. for the three months ended March 30 was 2.00, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $282.11 million compared to revenue of $507.41 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BARK Inc.’s return on assets was -13.40%.

Earnings Surprise

For the three-month period that ended March 30, BARK Inc. had $76.35 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$15.41 million in the quarter, while revenues of -$36.71 million were shrunk -60.93%. The analyst consensus anticipated BARK Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.15, a -200.00% surprise. For the quarter, EBITDA amounted to -$16.71 million. Shareholders own equity worth $176.28 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BARK Inc. (BARK) price momentum. RSI 9-day as of the close on 21 September was 33.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.11%.

As of today, BARK’s price is $1.8240 -14.42% or -$0.3000 from its 5-day moving average. BARK is currently trading -24.26% lower than its 20-day SMA and -45.90% lower than its 100-day SMA. However, the stock’s current price level is +31.85% above the SMA50 and -59.45% below the SMA200.

The stochastic %K and %D were 3.33% and 4.10%, respectively, and the average true range (ATR) was 0.1530. With the 14-day stochastic at 7.14% and the average true range at 0.1631, the RSI (14) stands at 39.55%. The stock has reached -0.1856 on the 9-day MACD Oscillator while the 14-day reading was at -0.2105.

Analyst Ratings

Citigroup launched coverage on BARK Inc. (NYSE: BARK) in its analyst report released on June 28, 2021. The firm assigned the stock a Buy rating. The consensus rating for BARK Inc. (BARK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BARK, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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