Stock Market Recap: Brand Engagement Network Inc (BNAI) Concludes at 1.17, a -1.68 Surge/Decline

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After finishing at $1.19 in the prior trading day, Brand Engagement Network Inc (NASDAQ: BNAI) closed at $1.17, down -1.68%. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 0.23 million shares were traded. BNAI stock price reached its highest trading level at $1.3 during the session, while it also had its lowest trading level at $1.1.

Ratios:

Our goal is to gain a better understanding of BNAI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.19. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 42349084 and an Enterprise Value of 43437456. For the stock, the TTM Price-to-Sale (P/S) ratio is 847.08 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 511.029 whereas that against EBITDA is -2.854.

Stock Price History:

Over the past 52 weeks, BNAI has reached a high of $19.75, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -53.27%, while the 200-Day Moving Average is calculated to be -81.94%.

Shares Statistics:

The stock has traded on average 1.63M shares per day over the past 3-months and 520960 shares per day over the last 10 days, according to various share statistics. A total of 36.20M shares are outstanding, with a floating share count of 22.38M. Insiders hold about 56.37% of the company’s shares, while institutions hold 2.71% stake in the company. Shares short for BNAI as of 1723680000 were 93028 with a Short Ratio of 0.05, compared to 1721001600 on 90587.

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