Braemar Hotels & Resorts Inc. (NYSE:BHR) saw a downside of -3.19% to close Friday at $2.43 after subtracting -$0.08 on the day. The 5-day average trading volume is 860,460 shares of the company’s common stock. It has gained $2.91 in the past week and touched a new high 1 time within the past 5 days. An average of 618,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 429,560.
BHR’s 1-month performance is -34.85% or -$1.47 on its low of $2.42 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.49 and high of $5.84, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, BHR has lost -40.88% or -$1.68 and has reached a new high 17 times. However, the current price is down -58.39% from the 52-week high price.
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Insider Transactions
BHR stock investors last saw insider trading activity on Feb 28.Bennett Monty J (Director) most recently sold 250,862 shares at $4.83 per share on Feb 28. This transaction cost the insider $1,211,663. Director, Bennett Monty J, sold 75,361 shares at a price of $4.83 on Feb 28. Then, on Feb 27, Director Bennett Monty J sold 70,186 shares at a price of $4.87 per share. This transaction amounted to $341,806.
Valuation Metrics
BHR stock has a beta of 2.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.23 while the price-to-book (PB) in the most recent quarter is 0.42.
As well, the company’s long term debt to equity for the quarter ending June 29 was 3.02, while the total debt to equity was 3.02. In terms of profitability, the gross margin trailing 12 months is 69.30%. The firm’s gross profit as reported stood at $68.39 million against revenue of $669.59 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 179.11% to -$13.02 million, while revenue of $3.23 million was 124.81% off the previous quarter. Analysts expected BHR to announce -$0.27 per share in earnings in its latest quarter, but it posted -$0.2, representing a 25.90% surprise. EBITDA for the quarter stood at more than $40.49 million. Shareholders hold equity totaling $65.99 million.
Let’s look briefly at Braemar Hotels & Resorts Inc. (BHR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 8.76% to suggest the stock is trending oversold, with historical volatility in this time period at 25.34%.
The stock’s 5-day moving average is $2.58, reflecting a -16.49% or -$0.48 change from its current price. BHR is currently trading -34.32% above its 20-day SMA, -35.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -43.49% and SMA200 by-50.71%.
Stochastic %K and %D was 1.11% and 2.86% and the average true range (ATR) pointed at 0.16. The RSI (14) points at 14.29%, while the 14-day stochastic is at 0.78% with the period’s ATR at 0.15. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Braemar Hotels & Resorts Inc. (NYSE: BHR), B. Riley Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for BHR stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BHR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is BHR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $5.00, with their median price target at $4.25. Looking at these predictions, the average price target given by analysts is for Braemar Hotels & Resorts Inc. (BHR) stock is $4.25.
