Should Investors Trust The Upside Potential In BRC Inc (BRCC)?

money audit

BRC Inc (NYSE:BRCC) currently has a daily average trading volume of 853.19K but it saw 2085866 shares traded in last market. With a market cap of 340.72M USD, the company’s current market price of $5.56 came rising about 10.10 while comparing to the previous closing price of $5.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.85 and as low as $2.51.

Taking a look at 20-day trading activity of BRC Inc (BRCC) gives us an average price of $4.37, while its current price level is -4.96% below from 52-week high level whereas it is 121.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.45 while that of 200 days or SMA-200 reads an average of $3.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.23% during that period while stretching the period over a month that decreases to 6.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.08 which implies that the stock is in neutral territory.

Tigress Financial also issued its recommendations for the stock as it initiated the price target for the stock is $17.

Over the week, BRCC’s stock price is moving 30.52% up while it is 29.91% when we observe its performance for the past one month. Year-to-date it is 53.17% up and over the past year, the stock is showing an upside performance of 2.02%.

Currently, BRC Inc’s total number of outstanding shares is 65.64M. Company’s return on investment (ROI) stands at -11.38% and return on equity (ROE) at -59.21%. It has a 35.44 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 25.55 while price to sale or P/S ratio amounts to 0.83. Its return on asset (ROA) is -4.82% on average.