Bloomin Brands Inc (NASDAQ:BLMN) shares, rose in value, with the stock price up by 0.78% to the previous day’s close as strong demand from buyers drove the stock to $7.71.
Actively observing the price movement in the last trading, the stock closed the session at $7.65. Referring to stock’s 52-week performance, its high was $22.34, and the low was $6.09. On the whole, BLMN has fluctuated by -2.65% over the past month.
With the market capitalization of Bloomin Brands Inc currently standing at about $655.82 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.78, with its dividend yield at 10.12%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BLMN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BLMN currently trading nearly -3.77% and -1.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.24, while the 7-day volatility ratio is showing 3.36% which for the 30-day chart, stands at 5.58%. Furthermore, Bloomin Brands Inc (BLMN)’s beta value is 1.30, and its average true range (ATR) is 0.49.
A comparison of Bloomin Brands Inc (BLMN) with its peers suggests the former has fared considerably weaker in the market. BLMN showed an intraday change of 0.78% in last session, and over the past year, it shrunk by -63.11%%.
Data on historical trading for Bloomin Brands Inc (NASDAQ:BLMN) indicates that the trading volumes over the past 3 months, they’ve averaged 3.02 million. According to company’s latest data on outstanding shares, there are 84.99 million shares outstanding.
Nearly 2.25% of Bloomin Brands Inc’s shares belong to company insiders and institutional investors own 104.83% of the company’s shares. The stock has fallen by -36.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLMN stock heading into the next quarter.
