Market Momentum Report: Brand Engagement Network Inc (BNAI)’s Positive Close at 0.36

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The price of Brand Engagement Network Inc (NASDAQ: BNAI) closed at $0.36 in the last session, up 0.28% from day before closing price of $0.36. In other words, the price has increased by $0.28 from its previous closing price. On the day, 0.64 million shares were traded. BNAI stock price reached its highest trading level at $0.3896 during the session, while it also had its lowest trading level at $0.34.

Ratios:

We take a closer look at BNAI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.09 and its Current Ratio is at 0.09. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.13.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $6.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BNAI now has a Market Capitalization of 15218821 and an Enterprise Value of 18373876. For the stock, the TTM Price-to-Sale (P/S) ratio is 152.22 while its Price-to-Book (P/B) ratio in mrq is 5.39. Its current Enterprise Value per Revenue stands at 184.125 whereas that against EBITDA is -0.628.

Stock Price History:

The Beta on a monthly basis for BNAI is 0.49, which has changed by -0.8651686 over the last 52 weeks, in comparison to a change of 0.07545352 over the same period for the S&P500. Over the past 52 weeks, BNAI has reached a high of $8.43, while it has fallen to a 52-week low of $0.26. The 50-Day Moving Average of the stock is -7.83%, while the 200-Day Moving Average is calculated to be -63.97%.

Shares Statistics:

According to the various share statistics, BNAI traded on average about 4.25M shares per day over the past 3-months and 242540 shares per day over the past 10 days. A total of 39.57M shares are outstanding, with a floating share count of 27.89M. Insiders hold about 34.02% of the company’s shares, while institutions hold 3.20% stake in the company. Shares short for BNAI as of 1743379200 were 217774 with a Short Ratio of 0.05, compared to 1740700800 on 184759. Therefore, it implies a Short% of Shares Outstanding of 217774 and a Short% of Float of 0.77.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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