Brand Engagement Network Inc (NASDAQ: BNAI) is -45.77% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $5.23 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 BNAI stock was last observed hovering at around $0.57 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.53, the stock is 55.26% and 57.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -7.33% at the moment leaves the stock -21.67% off its SMA200. BNAI registered -84.91% loss for a year compared to 6-month loss of -29.57%. The firm has a 50-day simple moving average (SMA 50) of $0.33528 and a 200-day simple moving average (SMA200) of $0.674385.
The stock witnessed a 67.79% gain in the last 1 month and extending the period to 3 months gives it a 47.13%, and is 7.80% 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 11.77% over the week and 14.87% over the month.
Brand Engagement Network Inc (BNAI) has around 39 employees, a market worth around $22.70M and $0.06M in sales. Profit margin for the company is -50735.42%. Distance from 52-week low is 129.05% and -89.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-858.68%).
The EPS is expected to grow by 44.12% this year, but quarterly earnings will post -100.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Brand Engagement Network Inc (BNAI) Top Institutional Holders
29.0 institutions hold shares in Brand Engagement Network Inc (BNAI), with institutional investors hold 9.21% of the company’s shares. The shares outstanding are 42.99M, and float is at 28.36M with Short Float at 0.11%. Institutions hold 5.44% of the Float.
The top institutional shareholder in the company is MOORE CAPITAL MANAGEMENT, LP with over 0.17 million shares valued at $0.6 million. The investor’s holdings represent 0.5148% of the BNAI Shares outstanding. As of 2024-06-30, the second largest holder is ATLAS MERCHANT CAPITAL LLC with 0.17 million shares valued at $0.6 million to account for 0.5148 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 0.15 million shares representing 0.4415% and valued at over $0.52 million, while PERISCOPE CAPITAL INC. holds 0.4413 of the shares totaling 0.15 million with a market value of $0.34 million.
