BARK Inc (NYSE:BARK) price on Friday, December 27, fall -3.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.87.
A look at the stock’s price movement, the close in the last trading session was $1.93, moving within a range at $1.82 and $1.93. The beta value (5-Year monthly) was 1.718. Turning to its 52-week performance, $2.56 and $0.74 were the 52-week high and 52-week low respectively. Overall, BARK moved -10.53% over the past month.
BARK Inc’s market cap currently stands at around $325.29 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 125.07M for the company’s revenue for the quarter, with a low and high estimate of 124M and 126M respectively. The average forecast suggests down to a -0.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 496.12M, representing a 1.21% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BARK is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend BARK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BARK’s current price about -11.58% and 4.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.78, while 7-day volatility ratio is 5.92% and 6.30% in the 30-day chart. Further, BARK Inc (BARK) has a beta value of 1.93, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -60.43% off current price level while to achieve the yearly target high, price needs to move -60.43%. Nonetheless, investors will most likely welcome a -60.43% jump to $3 which is the analysts’ median price.
If we refocus on BARK Inc (NYSE:BARK), historical trading data shows that trading volumes averaged 0.98 over the past 10 days and 911.12K over the past 3 months. The company’s latest data on shares outstanding shows there are 174.49 million shares.
The 40.27% of BARK Inc’s shares are in the hands of company insiders while institutional holders own 24.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.08 million on 2024-11-29, giving us a short ratio of 11.49. The data shows that as of 2024-11-29 short interest in BARK Inc (BARK) stood at 928.9999999999999 of shares outstanding, with shares short falling to 12.87 million registered in 2024-10-31. Current price change has pushed the stock 132.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BARK stock continues to rise going into the next quarter.
