Piper Sandler raised the price target for the Berry Corp (NASDAQ:BRY) stock from “an Overweight” to “a Neutral”. The rating was released on August 14, 2023, according to finviz. We previously noted in another research note published on July 17, 2023 by Jefferies that downgraded the stock from a Buy to a Hold with a price target of $8 for BRY stock. The research report from Jefferies has initiated the stock to Buy, with a price target set at $10. The stock was upgraded by Piper Sandler, who disclosed in a research note on April 07, 2022, from Neutral to Overweight and set the price objective to $14. In their research brief published April 14, 2021, KeyBanc Capital Markets analysts upgraded the Berry Corp stock from Sector Weight to Overweight with a price target of $9.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.20% within the last five trades and 12.58% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.87% in the last 6 months and 32.60% was added to its value over the previous 3 months. BRY stock is trading at a margin of 3.97%, 14.87% and 16.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, BRY deals in the Energy domain. The stock is trading -2.03 percent below its 52-week high and 44.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 21.52. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Berry Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 20.38 percent and the profit margin is 3.80 percent, and the company has reported a gross margin of 35.88 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $662.54 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Berry Corp (NASDAQ:BRY) is 18.82. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.72. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.67 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.87, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.34 percent of Berry Corp shares are owned by insiders, and 91.04 percent are held by financial institutions. Hunter Danielle E., the President at Berry Corp (BRY) has sold 15,000 shares of firm on Sep 01 ’23 at a price of $8.77 against the total amount of $0.13 million. In another inside trade, Smith Arthur T., Executive Chairman of Berry Corp (NASDAQ:BRY) sold 81,365 shares of the firm on Aug 18 ’23 for a total worth of $0.67 million at a price of $8.28. An inside trade which took place on Aug 18 ’23, President of Berry Corp Hunter Danielle E. sold 10,000 shares of firm against total price of $82500.0 at the cost of $8.25 per share.
