For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $2.37 in the prior trading day, BRC Inc (NYSE: BRCC) closed at $1.76, down -25.74%. In other words, the price has decreased by -$25.74 from its previous closing price. On the day, 3.4 million shares were traded.
Ratios:
Our goal is to gain a better understanding of BRCC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 8.97 whereas as Long-Term Debt/Eq ratio is at 8.50.
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, Telsey Advisory Group on August 09, 2024, Reiterated its Outperform rating but revised its target price to $6 from $8 previously.
On August 09, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $8 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when TOWER 5 CAPITAL, LLC bought 51,670 shares for $3.25 per share.
TOWER 5 CAPITAL, LLC bought 300,000 shares of BRCC for $987,000 on Nov 05 ’24. On Sep 13 ’24, another insider, Welling Glenn W., who serves as the Director of the company, bought 684,542 shares for $3.17 each. As a result, the insider paid 2,169,998 and bolstered with 13,535,560 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 12.38.
Stock Price History:
Over the past 52 weeks, BRCC has reached a high of $7.14, while it has fallen to a 52-week low of $1.89. The 50-Day Moving Average of the stock is -18.98%, while the 200-Day Moving Average is calculated to be -43.60%.
Shares Statistics:
A total of 78.61M shares are outstanding, with a floating share count of 74.02M. Insiders hold about 5.84% of the company’s shares, while institutions hold 51.26% stake in the company.
