Berry Global Group Inc (NYSE: BERY) is 12.46% higher on its value in year-to-date trading and has touched a low of $50.71 and a high of $73.31 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BERY stock was last observed hovering at around $71.47 in the last trading session, with the day’s gains setting it 1.26%.
Currently trading at $72.73, the stock is 4.37% and 7.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing 1.76% at the moment leaves the stock 17.04% off its SMA200. BERY registered 35.66% gain for a year compared to 6-month gain of 22.02%.
The stock witnessed a 6.24% loss in the last 1 month and extending the period to 3 months gives it a 8.88%, and is 4.02% 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 1.60% over the week and 1.74% over the month.
Berry Global Group Inc (BERY) has around 42000 employees, a market worth around $8.42B and $11.79B in sales. Current P/E ratio is 18.12 and Fwd P/E is 10.70. Profit margin for the company is 3.99%. Distance from 52-week low is 43.42% and -0.79% from its 52-week high. The company has generated returns on investments over the last 12 months (4.68%).
with sales reaching $2.53B over the same period.The EPS is expected to shrink by -17.26% this year, but quarterly earnings will post -17.81% year-over-year. Quarterly sales are estimated to shrink -17.82% in year-over-year returns.
The shares outstanding are 115.70M, and float is at 115.30M with Short Float at 3.43%.
The top institutional shareholder in the company is EDGEPOINT INVESTMENT GROUP INC. with over 14.94 million shares valued at $879.39 million. The investor’s holdings represent 14.2121 of the BERY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.6 million shares valued at $800.39 million to account for 11.7651 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.9 million shares representing 8.5633 and valued at over $582.57 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 4.5861 of the shares totaling 4.82 million with a market value of $283.77 million.
Berry Global Group Inc (BERY) Insider Activity
Still, SEC filings show that on Oct 15 ’24, Bayh Evan (Director) disposed off 14,000 shares at an average price of $70.13 for $0.98 million. The insider now directly holds 30,228 shares of Berry Global Group Inc (BERY).
