BrightSpire Capital Inc. (NYSE:BRSP) finished Friday with an addition of $0.02 to close at $6.88, an upside of 0.29 percent. An average of 528,240 shares of common stock have been traded in the last five days. There was a fall of -$0.04 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 696,360 shares traded, while the 50-day average volume stands at 873,316.
BRSP stock has decreased by -4.18% in the last month. The company shares reached their 1-month lowest point of $6.60 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $5.21 and a high of $9.45 in 52 weeks. It has reached a new high 13 times so far this year and achieved 10.43% or $0.65 in price. In spite of this, the price is down -27.20% from the 52-week high.
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Insider Transactions
BRSP stock investors should be aware that BrightSpire Capital Inc. (BRSP) stock had its last reported insider trading activity 164 days ago on Mar 01.
Valuation Metrics
BrightSpire Capital Inc. (BRSP) stock’s beta is 1.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.21, the price-to-book (PB) ratio at 0.66, and the price-to-cash flow ratio at 29.49.
The company has a payout ratio of 222.32%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday June 16 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 2.16 and a total debt to equity ratio of 2.16 for the quarter ending June 29. Its gross profit as reported stood at $14.57 million compared to revenue of $223.35 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, BrightSpire Capital Inc.’s return on assets was -0.60%.
Earnings Surprise
For the three-month period that ended June 29, BrightSpire Capital Inc. had $992.58 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$7.49 million in the quarter, while revenues of -$4.13 million were grew 557.81%. The analyst consensus anticipated BrightSpire Capital Inc.’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.25, a 4.20% surprise. For the quarter, EBITDA amounted to $0.69 million. At the end of the quarter ending June 29, BrightSpire Capital Inc.’s stock balance sheet showed total debt was $2.88 billion. Shareholders own equity worth $129.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BrightSpire Capital Inc. (BRSP) price momentum. RSI 9-day as of the close on 11 August was 41.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.54%.
As of today, BRSP’s price is $6.92 -0.58% or -$0.04 from its 5-day moving average. BRSP is currently trading -3.78% lower than its 20-day SMA and +16.41% higher than its 100-day SMA. However, the stock’s current price level is +16.22% above the SMA50 and -3.10% below the SMA200.
The stochastic %K and %D were 29.75% and 33.57%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 30.11% and the average true range at 0.19, the RSI (14) stands at 46.20%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.
Analyst Ratings
The consensus rating for BrightSpire Capital Inc. (BRSP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BRSP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is BRSP’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $10.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for BrightSpire Capital Inc. (BRSP) stock is $8.83.
