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Wednesday, February 1, 2023

Taking On Challenges And Growing? – BRC Inc. (BRCC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for BRC Inc. (BRCC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 1.81%, to $6.19. The BRC Inc. has recorded 1,571 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Black Rifle Coffee Company to Participate at the 25th Annual ICR Conference.

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Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $6.08 and fluctuated between $6.30 as its day high and $6.02 as its day low. The current market capitalization of BRC Inc. is $1.27B. A total of 0.56 million shares were traded on the day, compared to an average of 397.21K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BRCC has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 116,000 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 4 SELLs from insiders. Insiders purchased 6,821,150 shares during that period but sold 18,855,054.

In the most recent transaction, Welling Glenn W. bought 20,000 shares of BRCC for 6.76 per share on Dec 16. After the transaction, the Director now owns 900,432 company shares. In a previous transaction on Dec 15, Welling Glenn W. bought 14,468 shares at 6.52 per share. BRCC shares that Director owns now total 880,432.

Among the insiders who bought shares, Welling Glenn W. acquired of 15,000 shares on Dec 14 at a per-share price of $6.50. This resulted in the Director holding 865,964 shares of BRCC after the transaction. In another insider transaction, Welling Glenn W. bought 7,820 shares at $6.50 per share on Dec 13. Company shares held by the Director now total 850,964.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BRCC in the last 3 months, the mean price target is $10.83 with high estimates of $14.00 and low estimates of $8.00. In terms of 52-week highs and lows, BRCC has a high of $34.00 and a low of $5.75.

As of this writing, BRCC has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.13. The company reported an EPS of $4.08 in the last quarter, which was 13,700.00% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRCC is Overweight with a score of 3.90. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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