As of Friday close, Berry Corporation’s (NASDAQ:BRY) stock was down -$0.08, moving down -0.95 percent to $8.33. The average number of shares traded per day over the past five days has been 684,340 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.06 fall in that time frame. In the last twenty days, the average volume was 647,890, while in the previous 50 days, it was 684,120.
Since last month, BRY stock rose 12.08%. Shares of the company fell to $7.33 on 07/19/23, the lowest level in the past month. A 52-week high of $10.15 was reached on 02/22/23 after having rallying from a 52-week low of $6.22. Since the beginning of this year, BRY’s stock price has risen by 10.14% or $0.33, and marked a new high 12 times. However, the stock has declined by -17.96% since its 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
BRY stock investors should be aware that Berry Corporation (BRY) stock had its last reported insider trading activity 1 day ago on Aug 18. Smith Arthur T., the Executive Chairman of the company, disposed of 81,365 shares for $8.28 on Aug 18. It resulted in a $673,694 divestment by the insider. Hunter Danielle E. sold 10,000 shares at an average price of $8.25 on Aug 18. The insider now owns 163,757 shares following the transaction. On Aug 17, Executive Chairman Smith Arthur T. sold 18,635 shares at $8.47 apiece. The transaction was valued at $157,777.
Valuation Metrics
Right now, Berry Corporation (BRY) has a P/E ratio of about 2.39. The stock’s beta is 2.12. Besides these, the trailing price-to-sales (P/S) ratio of 0.59, the price-to-book (PB) ratio of 0.84, and the price-to-cash flow ratio of 4.75 may also be considered.
The latest dividend of $0.14 per share was paid out, which is 16.67% more than last year’s $0.12. On Wednesday August 2 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Berry Corporation’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.55, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 51.00% percent. In the year ended June 29, EBITDA margin amounted to 42.74%, whereas operating margins totaled 26.80%. Based on annual data, BRY earned $238.79 million in gross profit and brought in $918.34 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.50%. Return on equity (ROE) for the past 12 months was 36.80%.
In Berry Corporation’s quarter-end financial report for June 29, it reported total debt of $421.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BRY’s revenue fell -40.91% to $216.47 million during the quarter, while net income inched up to $208.49 million. While analysts expected Berry Corporation to report -$0.02 quarterly earnings, the actual figure was $0.15 per share. During the quarter, the company generated $86.67 million in EBITDA. The liabilities of Berry Corporation were 761.13 million at the end of its most recent quarter ended June 29, and its total debt was $423.05 million. The value of shareholders’ equity is $75.66 million.
Technical Picture
This quick technical analysis looks at Berry Corporation’s (BRY) price momentum. With a historical volatility rate of 30.12%, the RSI 9-day stood at 61.97% on 18 August.
With respect to its five-day moving average, the current Berry Corporation price is down by -0.72% percent or -$0.06. At present, BRY shares trade +11.66% above its 20-day simple moving average and +9.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.74% above its SMA50 and -6.09% below its SMA200.
Stochastic coefficient K was 79.18% and Stochastic coefficient D was 71.41%, while ATR was 0.25. Given the Stochastic reading of 75.49% for the 14-day period, the RSI (14) reading has been calculated as 63.00%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.14.
Analyst Ratings
Berry Corporation downgraded its rating on Berry Corporation (NASDAQ: BRY) to a Neutral in a note to investors on August 14, 2023. The analysts firm previously had an Overweight rating on the stock.Berry Corporation (BRY) has been rated Hold by analysts. According to 0 brokerage firms, BRY is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Berry Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $8.00 – $13.00. Based on these forecasts, analysts predict Berry Corporation (BRY) will achieve an average price target of $10.00.
