Beasley Broadcast Group Inc (NASDAQ: BBGI) is -67.68% lower on its value in year-to-date trading and has touched a low of $3.67 and a high of $14.95 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 BBGI stock was last observed hovering at around $4.22 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $4.08, the stock is -6.25% and -18.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -3.32% at the moment leaves the stock -48.40% off its SMA200. BBGI registered -56.66% loss for a year compared to 6-month loss of -55.16%. The firm has a 50-day simple moving average (SMA 50) of $4.976 and a 200-day simple moving average (SMA200) of $7.79305.
The stock witnessed a -10.13% gain in the last 1 month and extending the period to 3 months gives it a -30.49%, and is 4.62% 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 7.02% over the week and 6.68% over the month.
Beasley Broadcast Group Inc (BBGI) has around 812 employees, a market worth around $7.32M and $234.82M in sales. Profit margin for the company is -3.66%. Distance from 52-week low is 11.17% and -72.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.06%).
25.0 institutions hold shares in Beasley Broadcast Group Inc (BBGI), with institutional investors hold 43.80% of the company’s shares. The shares outstanding are 0.96M, and float is at 0.71M with Short Float at 3.71%. Institutions hold 31.99% of the Float.
The top institutional shareholder in the company is GAMCO INVESTORS, INC. ET AL with over 0.71 million shares valued at $0.46 million. The investor’s holdings represent 2.3318 of the BBGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.39 million shares valued at $0.25 million to account for 1.2753 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.37 million shares representing 1.2346 and valued at over $0.25 million, while GABELLI FUNDS LLC holds 0.9563 of the shares totaling 0.29 million with a market value of $0.19 million.
Beasley Broadcast Group Inc (BBGI) Insider Activity
The most recent transaction is an insider purchase by BEASLEY BRIAN E, the company’s Chief Operating Officer. SEC filings show that BEASLEY BRIAN E bought 50 shares of the company’s common stock on Nov 20 ’24 at a price of $8.11 per share for a total of $406.0. Following the purchase, the insider now owns 24249.0 shares.
Beasley Broadcast Group Inc disclosed in a document filed with the SEC on Nov 15 ’24 that BEASLEY BRIAN E (Chief Operating Officer) bought a total of 25 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $8.72 per share for $218.0. Following the transaction, the insider now directly holds 24199.0 shares of the BBGI stock.
Still, SEC filings show that on Nov 08 ’24, BEASLEY BRIAN E (Chief Operating Officer) acquired 150 shares at an average price of $8.78 for $1317.0. The insider now directly holds 24,099 shares of Beasley Broadcast Group Inc (BBGI).
