BRC Inc (NYSE:BRCC) price on Wednesday, January 15, rose 6.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.13.
A look at the stock’s price movement, the close in the last trading session was $2.95, moving within a range at $3.015 and $3.29. The beta value (5-Year monthly) was 1.156. Turning to its 52-week performance, $7.14 and $2.78 were the 52-week high and 52-week low respectively. Overall, BRCC moved 0.64% over the past month.
BRC Inc’s market cap currently stands at around $670.58 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 106.2M for the company’s revenue for the quarter, with a low and high estimate of 104.4M and 107.5M respectively. The average forecast suggests down to a -11.24% 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 391.82M, representing a -0.96% decline 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 BRCC is a 25% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 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 3 analyst(s) rate the stock as a Hold, 1 recommend BRCC 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BRCC’s current price about 2.98% and 2.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.39, while 7-day volatility ratio is 6.37% and 5.60% in the 30-day chart. Further, BRC Inc (BRCC) has a beta value of 1.12, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $5.75, forecast between a low of $5.5 and high of $6. Looking at the price targets, the low is -75.72% off current price level while to achieve the yearly target high, price needs to move -91.69%. Nonetheless, investors will most likely welcome a -83.71% jump to $5.75 which is the analysts’ median price.
If we refocus on BRC Inc (NYSE:BRCC), historical trading data shows that trading volumes averaged 0.78 over the past 10 days and 729.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 77.27 million shares.
The 5.31% of BRC Inc’s shares are in the hands of company insiders while institutional holders own 51.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.9 million on 2024-12-31, giving us a short ratio of 11.48. The data shows that as of 2024-12-31 short interest in BRC Inc (BRCC) stood at 1423.0 of shares outstanding, with shares short falling to 9.13 million registered in 2024-11-29. Current price change has pushed the stock -1.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BRCC stock continues to rise going into the next quarter.
