Bridger Aerospace Group Holdings Inc’s (NASDAQ:BAER) Stock Is Down -6.92%, But Is It Capable Of A Rally?

Bridger Aerospace Group Holdings Inc (NASDAQ:BAER) traded at $2.69 at close of the session on current trade day and made a downward move of -6.92% on its previous day’s price.

Looking at the stock we see that its previous close was $2.89 and the beta (5Y monthly) reads -0.14 with the day’s price range being $2.6 – $2.84. In terms of its 52-week price range, BAER has a high of $9.19 and a low of $2.54. The company’s stock has lost about -22.03% over that past 30 days.

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Bridger Aerospace Group Holdings Inc has a market cap of $143.03 million and is expected to release its quarterly earnings report on 2024-Nov-11. Estimates by analysts give the company expected earnings per share (EPS) of 0.46, with the EPS growth for the year raised at -0.76 for current year and -0.76 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 57.5M, with a low of 57.5M and a high of 57.5M.

On the other hand, looking at the outlook for the BAER stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is -13.99% off its SMA20 and -18.72% from its 50-day simple moving average. The RSI (14) is pointing at 33.98 while the volatility over the past week is 9.73% and jumps to 7.05% over the past one month. The beta value is -0.14, while the average true range (ATR) is currently pointing at 0.24. The average price target for the stock over the next 12 months is $5.25, with the estimates having a low of $5.25 and a high of $5.25. These price ends are -95.17% and -95.17% off the current price level respectively, although investors could be excited at the prospect of a -95.17% if the BAER share price touches on the median price of $5.25.

Coming back to Bridger Aerospace Group Holdings Inc (NASDAQ:BAER), we note that the average 3-month trading volume was 41.33K, while that of the preceding 10-day period stands at 47100.0. Current shares outstanding are 44.78 million.

The insiders hold 73.50% of the company’s shares while institutions hold 5.94%. The data shows that short shares as of 2024-08-15, stood at 0.55 million at a short ratio of 20.11. This represents a 233.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 0.38 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -61.07% down in year-to-date price movement.

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