Benson Hill Inc (BHIL): Choosing The Technical Investor Route

Benson Hill Inc (NYSE:BHIL) does about 906.37K shares in volume on a normal day but saw 1811177 shares change hands in Monday’s trading. The company now has a market cap of 41.74M USD. Its current market price is $0.20, marking a decrease of -1.94% compared to the previous close of $0.20. The 52 week high reached by this stock is $1.83 whilst the lowest price level in 52 weeks is $0.13.

Benson Hill Inc (BHIL) has a 20-day trading average at $0.1913 and the current price is -89.24% off the 52-week high compared with 56.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1998 and its 200-day simple moving average is $0.3333. If we look at the stock’s price movements over the week, volatility stands at 12.99%, which decreases to 11.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.73 to suggest the stock is neutral.

The consensus objective for the share price is $0.30, suggesting that the stock has a potential upside of 33.33% over the period.

ROTH Capital initiated its price target at $9.

Benson Hill Inc (BHIL) stock is down -1.50% over the week and 10.25% over the past month. Its price is 13.29% year-to-date and -87.92% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.02 above consensus estimates by 0.17. The company’s next earnings report forecasts estimating quarterly EPS at -0.09 and -0.23 for whole year. Expected sales for next quarter are $24.3M, which analysts say will come at $117.5M for the current fiscal year and next year at $119.4M. In addition, estimates put the company’s current quarterly revenue at an average of $21.13M.

To reach the target analysts have set, the stock logically needs to grow 33.33 percent from here.

The company has a return on investment of -89.78% and return on equity of -101.35%. The beta has a value of 2.22. Price to book ratio is 0.62 and price to sales ratio is 0.12.