The stock of Barings BDC Inc. (NYSE:BBDC) increased by $0.17 on Friday to finish at $9.13, up 1.90 percent. The last five days have seen an average of 564,240 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.98. The average number of shares traded over the last 20 days was 450,345, while the average volume over the last 50 days totaled 468,550.
BBDC stock appreciated 16.01% since last month. On 07/12/23, the company’s shares reached a one-month low of $7.71. The stock touched a high of $10.47 on 08/11/23, after rallying from a low of $6.96 in 52 weeks. The price of BBDC stock has risen by 12.02% or $0.98 this year, reaching a new high 9 times. Still, the stock price is down -12.80% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
BBDC stock investors should be aware that Barings BDC Inc. (BBDC) stock had its last reported insider trading activity 27 days ago on Jul 18. On Jul 18, Director BYERS STEPHEN R acquired 400 shares at $8.03 each. This transaction resulted in the insider spending $3,210. On May 16, O’Connor Michael James added 25,000 shares at a price of US$7.43. After the transaction, the insider now owns 25,000 shares. Principal Accounting Officer Murray Elizabeth A. had earlier bought 2,500 shares on May 11 for $7.23 a share. The transaction was completed for $18,075.
Valuation Metrics
Barings BDC Inc. (BBDC) has a trailing price-to-earnings (P/E) ratio of 53.71. Beta for the stock is 0.71.
Company paid $0.26 per share in dividends, an increase of 4.0% from $0.25 last year.
Financial Health
Based on annual data, it had gross profit of $202.63 million and revenue of $219.13 million.
Earnings Surprise
According to Barings BDC Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Barings BDC Inc.’s quarterly earnings would be $0.31, but it ended up being $0.29, beating the consensus by 6.90%. EBITDA was $52.72 million for the quarter. Equity owned by shareholders amounts to $106.52 million.
Technical Picture
Here’s a quick look at Barings BDC Inc.’s (BBDC) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 94.20%, suggesting the stock is Overbought, with a 21.64% historical volatility rate.
The stochastic %K and %D were 94.16% and 92.47% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 99.06%, the RSI (14) reading is 88.39%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.43.
Analyst Ratings
Barings BDC Inc. (NYSE: BBDC) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform.
What is BBDC’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.50 and $11.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Barings BDC Inc. (BBDC) is $9.68.
