The stock of BARK Inc. (NYSE:BARK) decreased by $0.0 on Friday to finish at $1.20, down 0.00 percent. The last five days have seen an average of 938,100 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.2900. The average number of shares traded over the last 20 days was 572,650, while the average volume over the last 50 days totaled 906,932.
BARK stock dropped -20.00% since last month. On 08/11/23, the company’s shares reached a one-month low of $1.1400. The stock touched a high of $2.74 on 02/02/23, after rallying from a low of $1.00 in 52 weeks. The price of BARK stock has declined by -19.46% or -$0.2900 this year, reaching a new high 9 times. Still, the stock price is down -56.20% from the 52-week high.
Insider Transactions
BARK stock investors should be aware that BARK Inc. (BARK) stock had its last reported insider trading activity 70 days ago on Jun 05. On Jun 05, Chief Financial Officer Ibrahim Zahir acquired 100,000 shares at $1.08 each. This transaction resulted in the insider spending $107,840. On Feb 17, MCGINTY JIM added 40,000 shares at a price of US$1.56. After the transaction, the insider now owns 132,726 shares. Chief Financial Officer Ibrahim Zahir had earlier bought 100,000 shares on Feb 13 for $1.55 a share. The transaction was completed for $155,000.
Valuation Metrics
Beta for the stock is 1.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.40, the price-to-book (PB) ratio of 1.25.
Financial Health
For the recent quarter, BARK Inc.’s quick ratio was 1.90, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.48, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 57.60% percent. BARK Inc.’s EBITDA margin for the recent year was -9.25%, whereas its operating margin stood at -16.00% for the same period. Based on annual data, it had gross profit of $308.12 million and revenue of $535.32 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BARK’s return on assets (ROA) during the last 12 months has been -19.90%. There was a -25.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -44.30%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $120.04 million, while revenues fell by -9.26% to $126.02 million. EBITDA was -$9.88 million for the quarter. At the end of BARK Inc.’s most recent quarter, its liabilities totaled 211.91 million, while its total debt was $133.21 million. Equity owned by shareholders amounts to $178.88 million.
Technical Picture
Here’s a quick look at BARK Inc.’s (BARK) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 30.47%, suggesting the stock is Neutral, with a 84.14% historical volatility rate.
The stochastic %K and %D were 13.24% and 30.31% respectively, while the average true range (ATR) was 0.0932. Based on the 14-day stochastic reading of 18.18%, the RSI (14) reading is 36.36%. On the 9-day MACD Oscillator, the stock is at -0.1267, and the 14-day reading is at -0.1474.
Analyst Ratings
In its analyst report released on December 13, 2022, Citigroup began covering BARK Inc. (NYSE: BARK). The stock was rated as a Buy by the brokerage firm. Analysts have assigned BARK Inc. (BARK) an Buy rating. BARK is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is BARK’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $4.00, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for BARK Inc. (BARK) is $3.00.
