Brand Engagement Network Inc (BNAI) Stock Could Soon Reward Patient Investors

Brand Engagement Network Inc (NASDAQ: BNAI) is -49.69% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $8.43 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 $0.28 in the last trading session, with the day’s gains setting it 0.21%.

Currently trading at $0.49, the stock is 64.55% and 50.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 251.94 million and changing 75.63% at the moment leaves the stock -31.16% off its SMA200. BNAI registered -81.44% loss for a year compared to 6-month loss of -44.35%. The firm has a 50-day simple moving average (SMA 50) of $0.32316 and a 200-day simple moving average (SMA200) of $0.720375.

The stock witnessed a 36.11% gain in the last 1 month and extending the period to 3 months gives it a 41.62%, and is 89.19% 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 27.00% over the week and 13.97% over the month.

Brand Engagement Network Inc (BNAI) has around 39 employees, a market worth around $20.71M and $0.10M in sales. Profit margin for the company is -33786.38%. Distance from 52-week low is 112.49% and -94.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-1131.29%).

The EPS is expected to grow by 44.12% this year.

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 39.57M, and float is at 27.89M 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.