Brookdale Senior Living Inc (NYSE: BKD) 52-Week High Located At $7.62, Forget The Dips, Just Ride The Rips

Brookdale Senior Living Inc (NYSE:BKD) does about 1.78M shares in volume on a normal day but saw 1089912 shares change hands in Friday trading. The company now has a market cap of 1.41B USD. Its current market price is $7.29, marking a decrease of -0.95% compared to the previous close of $7.36. The 52 week high reached by this stock is $7.62 whilst the lowest price level in 52 weeks is $3.43.

Brookdale Senior Living Inc (BKD) has a 20-day trading average at $6.74 and the current price is -4.33% off the 52-week high compared with 112.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.85 and its 200-day simple moving average is $5.72. If we look at the stock’s price movements over the week, volatility stands at 3.28%, which decreases to 2.71% 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 67.45 to suggest the stock is neutral.

The consensus objective for the share price is $7.56, suggesting that the stock has a potential upside of 3.57% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 28, 2024 when Macquarie initiated the stock to “Outperform” and issued a price target of $7.50. BofA Securities upgraded the stock to “Neutral” from Underperform on December 15, 2023 at a price target of $3.95-$6. RBC Capital Mkts upgraded its price target at $7-$9.

Brookdale Senior Living Inc (BKD) stock is up 10.12% over the week and 8.81% over the past month. Its price is 25.26% year-to-date and 73.57% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 3.57 percent from here.

The company has a return on investment of -3.59% and return on equity of -38.11%. The beta has a value of 1.31. Price to book ratio is 3.76 and price to sales ratio is 0.46.

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