BRC Inc (NYSE:BRCC) price on Wednesday, July 02, rose 3.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.57.
A look at the stock’s price movement, the close in the last trading session was $1.51. Turning to its 52-week performance, $6.23 and $1.19 were the 52-week high and 52-week low respectively. Overall, BRCC moved -8.19% over the past month.
BRC Inc’s market cap currently stands at around $338.78 million, with investors looking forward to this quarter’s earnings report slated for in August.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BRCC is a 50% 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.
4 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 3 analyst(s) rate the stock as a Hold, 1 recommend BRCC 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BRCC’s current price about 5.26% and -11.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.08, while 7-day volatility ratio is 10.63% and 6.87% in the 30-day chart. Further, BRC Inc (BRCC) has a beta value of 0.88. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $2 and high of $4. Looking at the price targets, the low is -27.39% off current price level while to achieve the yearly target high, price needs to move -154.78%. Nonetheless, investors will most likely welcome a -91.08% jump to $3 which is the analysts’ median price.
If we refocus on BRC Inc (NYSE:BRCC), historical trading data shows that trading volumes averaged 783.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 78.61 million shares.
The 6.74% of BRC Inc’s shares are in the hands of company insiders while institutional holders own 50.39% of the company’s shares. Current price change has pushed the stock -74.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BRCC stock continues to rise going into the next quarter.
