The trading price of BP Prudhoe Bay Royalty Trust (NYSE:BPT) closed higher on Friday, January 17, and closing at $0.46, 0.46% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.449 and $0.4767. In examining the 52-week price action we see that the stock hit a 52-week high of $3.20 and a 52-week low of $0.40. Over the past month, the stock has lost -27.95% in value.
BP Prudhoe Bay Royalty Trust, whose market valuation is $9.87 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BPT has a 100% 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 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BPT’s price is currently -21.96% off the SMA20 and -44.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.44, and weekly volatility stands at 11.48%. When measured over the past 30 days, the indicator reaches 10.79%. BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s beta value is currently sitting at 0.22, while the Average True Range indicator is currently displaying 0.08.
To see how BP Prudhoe Bay Royalty Trust stock has been performing in comparison to its peers in the industry, here are the numbers: BPT stock’s performance was 0.46% in the latest trading, and -83.59% in the past year.
An evaluation of the daily trading volume of BP Prudhoe Bay Royalty Trust (NYSE:BPT) indicates that the 3-month average is 321.94K. However, this figure has increased over the past 10 days to an average of 0.6.
Currently, records show that 21.40 million of the company’s shares remain outstanding. The institutions hold 5.10%. The stats also highlight that short interest as of 2024-06-14, stood at 1.49 million shares, resulting in a short ratio of 13.95 at that time. It is noteworthy that short shares in June were down slightly from the previous month’s figure, which was 1.68 million. However, since the stock’s price has seen -15.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
