BRC Inc (NYSE: BRCC) is -17.08% lower on its value in year-to-date trading and has touched a low of $2.78 and a high of $7.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRCC stock was last observed hovering at around $2.93 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $3.01, the stock is -0.53% and -2.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 2.73% at the moment leaves the stock -30.48% off its SMA200. BRCC registered -19.95% loss for a year compared to 6-month loss of -53.26%. The firm has a 50-day simple moving average (SMA 50) of $3.0874 and a 200-day simple moving average (SMA200) of $4.33795.
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The stock witnessed a 0.67% gain in the last 1 month and extending the period to 3 months gives it a -11.21%, and is 3.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.52% over the week and 4.75% over the month.
BRC Inc (BRCC) has around 630 employees, a market worth around $644.87M and $405.26M in sales. Fwd P/E is 120.40. Profit margin for the company is -1.22%. Distance from 52-week low is 8.27% and -57.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.33%).
The EPS is expected to grow by 98.15% this year
182.0 institutions hold shares in BRC Inc (BRCC), with institutional investors hold 66.61% of the company’s shares. The shares outstanding are 77.27M, and float is at 73.88M with Short Float at 12.14%. Institutions hold 52.15% of the Float.
The top institutional shareholder in the company is ENGAGED CAPITAL LLC with over 12.85 million shares valued at $78.78 million. The investor’s holdings represent 19.3795 of the BRCC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.59 million shares valued at $28.16 million to account for 6.9269 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.14 million shares representing 4.7355 and valued at over $19.25 million, while CRESSET ASSET MANAGEMENT, LLC holds 4.5243 of the shares totaling 3.0 million with a market value of $18.39 million.
BRC Inc (BRCC) Insider Activity
Still, SEC filings show that on Sep 13 ’24, Welling Glenn W. (Director) acquired 684,542 shares at an average price of $3.17 for $2.17 million. The insider now directly holds 13,535,560 shares of BRC Inc (BRCC).
