BKV Corp (NYSE:BKV) price on Friday, February 28, fall -0.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.19.
A look at the stock’s price movement, the close in the last trading session was $20.33. Turning to its 52-week performance, $26.78 and $17.39 were the 52-week high and 52-week low respectively. Overall, BKV moved -19.88% over the past month.
BKV Corp’s market cap currently stands at around $1.71 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 210.66M for the company’s revenue for the quarter, with a low and high estimate of 203M and 222.99M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 885.99M, representing a 52.50% jump on that reported in the last financial year.
BKV’s current price about -14.27% and -14.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.86, while 7-day volatility ratio is 6.14% and 3.96% in the 30-day chart. Further, BKV Corp (BKV) has a beta value of 0, and an average true range (ATR) of 1.00. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $23 and high of $29. Looking at the price targets, the low is -13.92% off current price level while to achieve the yearly target high, price needs to move -43.64%. Nonetheless, investors will most likely welcome a -18.87% jump to $24 which is the analysts’ median price.
If we refocus on BKV Corp (NYSE:BKV), historical trading data shows that trading volumes averaged 476.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 84.60 million shares.
The 80.70% of BKV Corp’s shares are in the hands of company insiders while institutional holders own 20.15% of the company’s shares. Current price change has pushed the stock -15.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BKV stock continues to rise going into the next quarter.
