BRP Group Inc. (NASDAQ:BRP) saw a downside of -1.14% to close Friday at $25.23 after subtracting -$0.29 on the day. The 5-day average trading volume is 530,700 shares of the company’s common stock. It has gained $26.00 in the past week and touched a new high 4 times within the past 5 days. An average of 387,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 394,916.
BRP’s 1-month performance is -0.63% or $0.58 on its low of $23.05 reached on 08/10/23. The company’s shares have touched a 52-week low of $19.26 and high of $33.34, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, BRP has achieved 0.36% or $0.09 and has reached a new high 7 times. However, the current price is down -24.33% from the 52-week high price.
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Insider Transactions
BRP stock investors last saw insider trading activity on Aug 16.Cohen Seth Bala (General Counsel) most recently sold 9,858 shares at $25.15 per share on Aug 16. This transaction cost the insider $247,975. General Counsel, Cohen Seth Bala, sold 2,000 shares at a price of $22.47 on May 11. Then, on Nov 29, Chief Strategy Officer Wiebeck Kristopher Aaron sold 15,000 shares at a price of $29.34 per share. This transaction amounted to $440,100.
Valuation Metrics
BRP stock has a beta of 1.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.63 while the price-to-book (PB) in the most recent quarter is 2.53, with the price to cash flow ratio at 212.89.
BRP Group Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.13, while the total debt to equity was 2.15. In terms of profitability, the gross margin trailing 12 months is 25.10%. The firm’s gross profit as reported stood at -$31.1 million against revenue of $980.72 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 136.15% to -$23.9 million, while revenue of -$14.13 million was 40.88% off the previous quarter. Analysts expected BRP to announce $0.27 per share in earnings in its latest quarter, but it posted $0.27, representing a 0.00% surprise. EBITDA for the quarter stood at more than $9.17 million. Shareholders hold equity totaling $116.78 million.
Let’s look briefly at BRP Group Inc. (BRP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 56.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.35%.
The stock’s 5-day moving average is $25.10, reflecting a +3.91% or $0.95 change from its current price. BRP is currently trading -1.91% above its 20-day SMA, +2.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.37% and SMA200 by-11.01%.
Stochastic %K and %D was 85.00% and 74.22% and the average true range (ATR) pointed at 0.87. The RSI (14) points at 55.09%, while the 14-day stochastic is at 73.90% with the period’s ATR at 0.87. The stock’s 9-day MACD Oscillator is pointing at 0.76 and 0.69 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BRP Group Inc. (NASDAQ: BRP), William Blair downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock.
