Bread Financial Holdings Inc (NYSE:BFH) shares, rose in value, with the stock price up by 3.36% to the previous day’s close as strong demand from buyers drove the stock to $50.81.
Actively observing the price movement in the last trading, the stock closed the session at $49.16, falling within a range of $49.37 and $50.96. The value of beta (5-year monthly) was 1.965 whereas the PE ratio was 5.28 over 12-month period. Referring to stock’s 52-week performance, its high was $59.66, and the low was $26.08. On the whole, BFH has fluctuated by 7.19% over the past month.
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With the market capitalization of Bread Financial Holdings Inc currently standing at about $2.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-24. The company’s Forward Dividend Ratio is 0.84, with its dividend yield at 1.65%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.87B, with a low estimate of 871.46M and a high estimate of 1.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 973.18M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BFH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 price of BFH currently trading nearly 3.71% and -0.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.72, while the 7-day volatility ratio is showing 3.12% which for the 30-day chart, stands at 3.66%. Furthermore, Bread Financial Holdings Inc (BFH)’s beta value is 1.95, and its average true range (ATR) is 1.86.
A comparison of Bread Financial Holdings Inc (BFH) with its peers suggests the former has fared considerably weaker in the market. BFH showed an intraday change of 3.36% in last session, and over the past year, it grew by 57.36%%.
Data on historical trading for Bread Financial Holdings Inc (NYSE:BFH) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 49.30 million shares outstanding.
Nearly 2.41% of Bread Financial Holdings Inc’s shares belong to company insiders and institutional investors own 107.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.88 million shares as on 2024-09-30, resulting in a short ratio of 3.03. According to the data, the short interest in Bread Financial Holdings Inc (BFH) stood at 886.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.36 million. The stock has risen by 54.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BFH stock heading into the next quarter.
