Bridger Aerospace Group Holdings Inc (NASDAQ: BAER) is -27.23% lower on its value in year-to-date trading and has touched a low of $1.02 and a high of $5.10 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 BAER stock was last observed hovering at around $1.55 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.55, the stock is 19.09% and -8.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.00% at the moment leaves the stock -38.91% off its SMA200. BAER registered -69.34% loss for a year compared to 6-month loss of -31.42%. The firm has a 50-day simple moving average (SMA 50) of $1.7008 and a 200-day simple moving average (SMA200) of $2.53725.
The stock witnessed a -4.91% gain in the last 1 month and extending the period to 3 months gives it a -44.04%, and is 7.64% 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 10.37% over the week and 9.84% over the month.
Bridger Aerospace Group Holdings Inc (BAER) has around 191 employees, a market worth around $84.04M and $98.61M in sales. Profit margin for the company is -41.48%. Distance from 52-week low is 51.66% and -69.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.61%).
The EPS is expected to grow by 32.10% this year
80.0 institutions hold shares in Bridger Aerospace Group Holdings Inc (BAER), with institutional investors hold 52.84% of the company’s shares. The shares outstanding are 54.21M, and float is at 18.77M with Short Float at 7.70%. Institutions hold 30.64% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 9.62 million shares valued at $36.0 million. The investor’s holdings represent 19.9157 of the BAER Shares outstanding. As of 2024-06-30, the second largest holder is FIRST MANHATTAN CO. LLC. with 0.85 million shares valued at $3.2 million to account for 1.7686 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.33 million shares representing 0.6861 and valued at over $1.24 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.4722 of the shares totaling 0.23 million with a market value of $0.85 million.
Bridger Aerospace Group Holdings Inc (BAER) Insider Activity
The most recent transaction is an insider sale by Muchmore James J, the company’s Chief Legal Officer & EVP. SEC filings show that Muchmore James J sold 26,936 shares of the company’s common stock on Sep 16 ’24 at a price of $2.58 per share for a total of $69495.0. Following the sale, the insider now owns 0.84 million shares.
Bridger Aerospace Group Holdings Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Muchmore James J (Chief Legal Officer & EVP) sold a total of 18,902 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $2.70 per share for $51035.0. Following the transaction, the insider now directly holds 0.82 million shares of the BAER stock.
Still, SEC filings show that on Sep 17 ’24, Muchmore James J (Chief Legal Officer & EVP) disposed off 4,892 shares at an average price of $2.65 for $12964.0. The insider now directly holds 839,319 shares of Bridger Aerospace Group Holdings Inc (BAER).
