B&G Foods, Inc (NYSE:BGS) shares, rose in value, with the stock price down by -1.47% to the previous day’s close as strong demand from buyers drove the stock to $4.02.
Actively observing the price movement in the last trading, the stock closed the session at $4.08. Referring to stock’s 52-week performance, its high was $9.74, and the low was $3.97. On the whole, BGS has fluctuated by -41.48% over the past month.
With the market capitalization of B&G Foods, Inc currently standing at about $320.79 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.76, with its dividend yield at 18.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.86B, with a low estimate of 422.4M and a high estimate of 433M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 427.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BGS’s technical picture suggests that short-term indicators denote the stock is a 100% 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 BGS currently trading nearly -15.35% and -31.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.15, while the 7-day volatility ratio is showing 3.72% which for the 30-day chart, stands at 6.77%. Furthermore, B&G Foods, Inc (BGS)’s beta value is 0.57, and its average true range (ATR) is 0.27.
A comparison of B&G Foods, Inc (BGS) with its peers suggests the former has fared considerably weaker in the market. BGS showed an intraday change of -1.47% in last session, and over the past year, it shrunk by -57.55%%.
Data on historical trading for B&G Foods, Inc (NYSE:BGS) indicates that the trading volumes over the past 3 months, they’ve averaged 2.72 million. According to company’s latest data on outstanding shares, there are 79.80 million shares outstanding.
Nearly 3.60% of B&G Foods, Inc’s shares belong to company insiders and institutional investors own 75.70% of the company’s shares. The stock has fallen by -41.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BGS stock heading into the next quarter.
