BARK Inc (NYSE:BARK) price on Thursday, June 12, rose 1.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.87.
A look at the stock’s price movement, the close in the last trading session was $0.86. Turning to its 52-week performance, $2.56 and $0.85 were the 52-week high and 52-week low respectively. Overall, BARK moved -32.71% over the past month.
BARK Inc’s market cap currently stands at around $148.13 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 99.63M for the company’s revenue for the quarter, with a low and high estimate of 99M and 100M respectively. The average forecast suggests down to a -14.27% 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 426.07M, representing a -12.00% 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 BARK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 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 0 analyst(s) rate the stock as a Hold, 3 recommend BARK 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BARK’s current price about -24.79% and -27.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.75, while 7-day volatility ratio is 2.70% and 8.46% in the 30-day chart. Further, BARK Inc (BARK) has a beta value of 1.99, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -244.83% off current price level while to achieve the yearly target high, price needs to move -244.83%. Nonetheless, investors will most likely welcome a -244.83% jump to $3 which is the analysts’ median price.
If we refocus on BARK Inc (NYSE:BARK), historical trading data shows that trading volumes averaged 1.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 169.73 million shares.
The 40.04% of BARK Inc’s shares are in the hands of company insiders while institutional holders own 27.45% of the company’s shares. Current price change has pushed the stock -52.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BARK stock continues to rise going into the next quarter.
