The stock of BRC Inc. (NYSE:BRCC) increased by $0.21 on Friday to finish at $4.33, up 5.10 percent. The last five days have seen an average of 447,080 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$1.78. The average number of shares traded over the last 20 days was 668,415, while the average volume over the last 50 days totaled 629,882.
BRCC stock dropped -2.26% since last month. On 08/09/23, the company’s shares reached a one-month low of $3.91. The stock touched a high of $11.07 on 02/15/23, after rallying from a low of $3.91 in 52 weeks. The price of BRCC stock has declined by -29.13% or -$1.78 this year, reaching a new high 9 times. Still, the stock price is down -60.87% from the 52-week high.
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Insider Transactions
BRCC stock investors should be aware that BRC Inc. (BRCC) stock had its last reported insider trading activity 194 days ago on Feb 15. On Feb 15, Chief Financial Officer Iverson Gregory James sold 50,000 shares at $8.03 each. This transaction resulted in the insider making $401,460. On Dec 16, Welling Glenn W. added 20,000 shares at a price of US$6.76. After the transaction, the insider now owns 900,432 shares. Director Welling Glenn W. had earlier bought 14,468 shares on Dec 15 for $6.52 a share. The transaction was completed for $94,294.
Valuation Metrics
Beta for the stock is 0.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.53, the price-to-book (PB) ratio of 11.39.
Financial Health
For the three months ended June 29, BRC Inc.’s quick ratio was 0.70, while its current ratio was 2.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.42, and the total debt to equity ratio is 3.52. As far as profitability goes, gross margin for the trailing twelve months is 32.80% percent. BRC Inc.’s EBITDA margin for the year ended June 29 was -21.03%, whereas its operating margin stood at -19.20% for the same period. Based on annual data, it had gross profit of $99.18 million and revenue of $301.31 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BRCC’s return on assets (ROA) during the last 12 months has been -7.70%. There was a -90.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -71.40%.
Earnings Surprise
According to BRC Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $91.21 million, while revenues rose by 27.23% to $83.49 million. It was predicted that BRC Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.06, beating the consensus by -16.70%. EBITDA was -$12.01 million for the quarter. At the end of BRC Inc.’s most recent quarter ended June 29, its liabilities totaled 195.68 million, while its total debt was $113.74 million. Equity owned by shareholders amounts to $211.87 million.
Technical Picture
Here’s a quick look at BRC Inc.’s (BRCC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 51.80%, suggesting the stock is Neutral, with a 65.85% historical volatility rate.
The stochastic %K and %D were 26.01% and 21.52% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 37.67%, the RSI (14) reading is 47.92%. On the 9-day MACD Oscillator, the stock is at -0.02, and the 14-day reading is at -0.05.
Analyst Ratings
In its analyst report released on May 31, 2023, Needham began covering BRC Inc. (NYSE: BRCC). The stock was rated as a Hold by the brokerage firm. Analysts have assigned BRC Inc. (BRCC) an Overweight rating. BRCC is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is BRCC’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.75 and $10.00, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for BRC Inc. (BRCC) is $6.96.
