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Friday, December 1, 2023

An Evaluation Of BRC Inc (NYSE: BRCC) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for BRC Inc (BRCC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0198, or 0.61%, to $3.2798. The BRC Inc has recorded 471 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed BRC Inc. Reports Third Quarter 2023 Financial Results.

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Stocks Info

BRCC belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $3.26 and fluctuated between $3.2850 as its day high and $3.1700 as its day low. The current market capitalization of BRC Inc is $199.77M. A total of 0.54 million shares were traded on the day, compared to an average of 548.47K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BRCC has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 391,202 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 4 SELLs from insiders. Insiders purchased 881,588 shares during that period but sold 905,080.

In the most recent transaction, Iverson Gregory James sold 50,000 shares of BRCC for 8.03 per share on Feb 15. After the transaction, the Chief Financial Officer now owns 1,417,535 company shares. In a previous transaction on Dec 16, Welling Glenn W. bought 20,000 shares at 6.76 per share. BRCC shares that Director owns now total 900,432.

Among the insiders who bought shares, Welling Glenn W. acquired of 14,468 shares on Dec 15 at a per-share price of $6.52. This resulted in the Director holding 880,432 shares of BRCC after the transaction. In another insider transaction, Welling Glenn W. bought 15,000 shares at $6.50 per share on Dec 14. Company shares held by the Director now total 865,964.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BRCC in the last 3 months, the mean price target is $5.92 with high estimates of $9.00 and low estimates of $3.50. In terms of 52-week highs and lows, BRCC has a high of $8.27 and a low of $2.51.

As of this writing, BRCC has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.07 in the last quarter, which was -16.70% lower than expectations of -$0.06.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BRCC’s latest balance sheet shows that the firm has $18.33M in Cash & Short Term Investments as of fiscal 2021. There were $35.00M in debt and $59.02M in liabilities at the time. Its Book Value Per Share was $0.34, while its Total Shareholder’s Equity was -$149.49M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.90.

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