Brenmiller Energy Ltd (NASDAQ: BNRG) – Time For Strategy Change?

Brenmiller Energy Ltd (NASDAQ:BNRG) currently has a daily average trading volume of 817.11K but it saw 906772 shares traded in last market. With a market cap of 2.17M USD, the company’s current market price of $0.98 came rising about 18.17 while comparing to the previous closing price of $0.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.75 and as low as $0.81.

Taking a look at 20-day trading activity of Brenmiller Energy Ltd (BNRG) gives us an average price of $0.8974, while its current price level is -92.91% below from 52-week high level whereas it is 20.34% 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 $1.1797 while that of 200 days or SMA-200 reads an average of $3.7143. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.69% during that period while stretching the period over a month that decreases to 8.11%. 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 49.64 which implies that the stock is in neutral territory.

Over the week, BNRG’s stock price is moving 8.57% up while it is -1.53% when we observe its performance for the past one month. Year-to-date it is -83.33% down and over the past year, the stock is showing a downside performance of -89.29%.

Currently, Brenmiller Energy Ltd’s total number of outstanding shares is 2.22M. Company’s return on equity (ROE) at -236.40%. Stock’s beta reads -0.84. Stock has a price to book (P/B) ratio of 0.66 while price to sale or P/S ratio amounts to 3.61. Its return on asset (ROA) is -73.60% on average.