As of Friday close, BARK Inc.’s (NYSE:BARK) stock was up $0.15, moving up 12.61 percent to $1.34. The average number of shares traded per day over the past five days has been 533,960 shares. 4 times new highs have been achieved over the past 5 days, with a $0.1400 gain in that time frame. In the last twenty days, the average volume was 585,680, while in the previous 50 days, it was 797,590.
Since last month, BARK stock retreated -2.90%. Shares of the company fell to $1.1400 on 08/11/23, the lowest level in the past month. A 52-week high of $2.71 was reached on 02/02/23 after having rallying from a 52-week low of $1.00. Since the beginning of this year, BARK’s stock price has dropped by -10.07% or -$0.1500, and marked a new high 9 times. However, the stock has declined by -50.55% since its 52-week high.
BARK stock investors should be aware that BARK Inc. (BARK) stock had its last reported insider trading activity 75 days ago on Jun 05. Ibrahim Zahir, the Chief Financial Officer of the company, purchased of 100,000 shares for $1.08 on Jun 05. It resulted in a $107,840 investment by the insider. MCGINTY JIM added 40,000 shares at an average price of $1.56 on Feb 17. The insider now owns 132,726 shares following the transaction. On Feb 13, Chief Financial Officer Ibrahim Zahir bought 100,000 shares at $1.55 apiece. The transaction was valued at $155,000.
Valuation Metrics
The stock’s beta is 1.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.45, the price-to-book (PB) ratio of 1.40.
Financial Health
In the three months ended June 29, BARK Inc.’s quick ratio stood at 1.90, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.48, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 57.60% percent. In the year ended June 29, EBITDA margin amounted to -9.25%, whereas operating margins totaled -16.00%. Based on annual data, BARK earned $308.12 million in gross profit and brought in $535.32 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 -25.40%. Return on equity (ROE) for the past 12 months was -44.30%.
In BARK Inc.’s quarter-end financial report for June 29, it reported total debt of $81.41 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BARK’s revenue fell -9.26% to $126.02 million during the quarter, while net income inched up to $120.04 million. While analysts expected BARK Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 37.50%. During the quarter, the company generated -$9.88 million in EBITDA. The liabilities of BARK Inc. were 211.91 million at the end of its most recent quarter ended June 29, and its total debt was $133.21 million. The value of shareholders’ equity is $178.88 million.
Technical Picture
This quick technical analysis looks at BARK Inc.’s (BARK) price momentum. With a historical volatility rate of 108.89%, the RSI 9-day stood at 55.43% on 18 August.
With respect to its five-day moving average, the current BARK Inc. price is up by +11.67% percent or $0.1400. At present, BARK shares trade -2.19% below its 20-day simple moving average and +8.94% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.07% above its SMA50 and -26.78% below its SMA200.
Stochastic coefficient K was 29.29% and Stochastic coefficient D was 22.22%, while ATR was 0.0891. Given the Stochastic reading of 60.61% for the 14-day period, the RSI (14) reading has been calculated as 51.77%. As of today, the MACD Oscillator reading stands at -0.0100, while the 14-day reading stands at -0.0633.
Analyst Ratings
Citigroup launched its rating on BARK Inc. (NYSE: BARK) to a Buy in a note to investors on December 13, 2022. BARK Inc. (BARK) has been rated Buy by analysts. According to 0 brokerage firms, BARK is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BARK Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $3.50, the current consensus forecast for the stock is $1.50 – $4.00. Based on these forecasts, analysts predict BARK Inc. (BARK) will achieve an average price target of $3.00.
