Things To Consider Before Buying Brink’s Co. (NYSE: BCO)

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Brink’s Co. (NYSE:BCO) shares, rose in value, with the stock price up by 1.01% to the previous day’s close as strong demand from buyers drove the stock to $112.93.

Actively observing the price movement in the last trading, the stock closed the session at $111.80, falling within a range of $111.68 and $113.3. The value of beta (5-year monthly) was 1.425 whereas the PE ratio was 38.04 over 12-month period. Referring to stock’s 52-week performance, its high was $113.63, and the low was $64.15. On the whole, BCO has fluctuated by 7.16% over the past month.

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With the market capitalization of Brink’s Co. currently standing at about $4.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05. The company’s Forward Dividend Ratio is 0.93, with its dividend yield at 0.82%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.09B, with a low estimate of 1.28B and a high estimate of 1.29B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.28B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BCO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.62, with the price of BCO currently trading nearly 4.31% and 7.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.37, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.34%. Furthermore, Brink’s Co. (BCO)’s beta value is 1.42, and its average true range (ATR) is 2.75.

A comparison of Brink’s Co. (BCO) with its peers suggests the former has fared considerably weaker in the market. BCO showed an intraday change of 1.01% in last session, and over the past year, it grew by 50.67%%.

Data on historical trading for Brink’s Co. (NYSE:BCO) indicates that the trading volumes over the past 10 days have averaged 0.29 and over the past 3 months, they’ve averaged 305.31K. According to company’s latest data on outstanding shares, there are 44.50 million shares outstanding.

Nearly 2.48% of Brink’s Co.’s shares belong to company insiders and institutional investors own 96.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.34 million shares as on 2024-08-30, resulting in a short ratio of 3.92. According to the data, the short interest in Brink’s Co. (BCO) stood at 464.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 1.1 million. The stock has risen by 28.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BCO stock heading into the next quarter.

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