Berry Corp (NASDAQ:BRY) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $5.42.
Actively observing the price movement in the last trading, the stock closed the session at $5.42, falling within a range of $5.38 and $5.477. The value of beta (5-year monthly) was 1.73. Referring to stock’s 52-week performance, its high was $8.80, and the low was $4.82. On the whole, BRY has fluctuated by 2.07% over the past month.
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With the market capitalization of Berry Corp currently standing at about $417.01 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-30. The company’s Forward Dividend Ratio is 0.47, with its dividend yield at 8.76%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 688.5M, with a low estimate of 171M and a high estimate of 195M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 183M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BRY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BRY currently trading nearly 2.12% and -4.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.07, while the 7-day volatility ratio is showing 2.70% which for the 30-day chart, stands at 3.34%. Furthermore, Berry Corp (BRY)’s beta value is 1.73, and its average true range (ATR) is 0.19.
A comparison of Berry Corp (BRY) with its peers suggests the former has fared considerably weaker in the market. BRY showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -31.42%%.
Data on historical trading for Berry Corp (NASDAQ:BRY) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 75.67 million shares outstanding.
Nearly 2.56% of Berry Corp’s shares belong to company insiders and institutional investors own 86.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.76 million shares as on 2024-09-30, resulting in a short ratio of 2.29. According to the data, the short interest in Berry Corp (BRY) stood at 407.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.35 million. The stock has fallen by -20.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BRY stock heading into the next quarter.
