The trading price of Brand Engagement Network Inc (NASDAQ:BNAI) floating higher at last check on current market day and closing at $0.98, 21.00% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.89 and $1.0999. In examining the 52-week price action we see that the stock hit a 52-week high of $19.75 and a 52-week low of $0.66. Over the past month, the stock has gained 7.11% in value.
Brand Engagement Network Inc, whose market valuation is $37.42 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 100k.
On the technical side, indicators suggest BNAI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BNAI’s price is currently 25.67% off the SMA20 and 16.12% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.58, and weekly volatility stands at 11.44%. When measured over the past 30 days, the indicator reaches 14.43%. Brand Engagement Network Inc (NASDAQ:BNAI)’s beta value is currently sitting at 0.70, while the Average True Range indicator is currently displaying 0.12. With analysts defining $6-$6 as the low and high price targets, we arrive at a consensus price target of $6 for the trailing 12-month period. The current price is about -512.24% off the estimated low and -512.24% off the forecast high, based on this estimate. Investors will be thrilled if BNAI’s share price rises to $6, which is the median consensus price. At that level, BNAI’s share price would be -512.24% below current price.
To see how Brand Engagement Network Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: BNAI stock’s performance was 21.00% at last check in today’s session, and -90.84% in the past year.
An evaluation of the daily trading volume of Brand Engagement Network Inc (NASDAQ:BNAI) indicates that the 3-month average is 409.16K. However, this figure has increased over the past 10 days to an average of 0.34.
Currently, records show that 37.93 million of the company’s shares remain outstanding. The insiders hold 36.18% of outstanding shares, whereasinstitutions hold 2.75%. The stats also highlight that short interest as of 2024-10-31, stood at 0.15 million shares, resulting in a short ratio of 1.03 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.15 million. However, since the stock’s price has seen -90.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
