Barings BDC Inc. (NYSE:BBDC) finished Wednesday with an addition of $0.35 to close at $8.90, an upside of 4.15 percent. An average of 390,748 shares of common stock have been traded in the last five days. There was a gain of $0.61 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 414,677 shares traded, while the 50-day average volume stands at 454,239.
BBDC stock has increased by 14.17% in the last month. The company shares reached their 1-month lowest point of $7.69 on 07/11/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $6.96 and a high of $10.47 in 52 weeks. It has reached a new high 8 times so far this year and achieved 9.26% or $0.81 in price. In spite of this, the price is down -14.95% from the 52-week high.
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Insider Transactions
BBDC stock investors should be aware that Barings BDC Inc. (BBDC) stock had its last reported insider trading activity 94 days ago on Jul 18.
Valuation Metrics
Barings BDC Inc. (BBDC) has a trailing price-to-earnings (P/E) ratio of 52.38. The stock’s beta is 0.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.96, the price-to-book (PB) ratio at 0.80.
The company has a payout ratio of 2002.26%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday February 23 2023.
Financial Health
Its gross profit as reported stood at $202.63 million compared to revenue of $219.13 million.
Earnings Surprise
The analyst consensus anticipated Barings BDC Inc.’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.31, a 6.90% surprise. For the quarter, EBITDA amounted to $45.45 million. At the end of the quarter ending June 29, Barings BDC Inc.’s stock balance sheet showed total debt was $1.49 billion. Shareholders own equity worth $107.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Barings BDC Inc. (BBDC) price momentum. RSI 9-day as of the close on 09 August was 92.77%, suggesting the stock is Overbought, with historical volatility in this time frame at 21.44%.
As of today, BBDC’s price is $8.58 +7.37% or $0.61 from its 5-day moving average. BBDC is currently trading +13.79% higher than its 20-day SMA and +19.88% higher than its 100-day SMA. However, the stock’s current price level is +12.64% above the SMA50 and +7.50% above the SMA200.
The stochastic %K and %D were 91.80% and 91.86%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 90.50% and the average true range at 0.14, the RSI (14) stands at 86.37%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at 0.29.
Analyst Ratings
Oppenheimer downgraded Barings BDC Inc. (NYSE: BBDC) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Barings BDC Inc. (BBDC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BBDC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is BBDC’s price target for the next 12 months?
Analysts predict a range of price targets between $7.75 and $11.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for Barings BDC Inc. (BBDC) stock is $9.39.
