Volatility Is Your Friend: BurgerFi International Inc (BFI) Is Hot Again

BurgerFi International Inc (NASDAQ:BFI) does about 7.39M shares in volume on a normal day but saw 2086616 shares change hands in the recent trading day. The company now has a market cap of 10.81M USD. Its current market price is $0.39, marking a decrease of -12.55% compared to the previous close of $0.45. The 52 week high reached by this stock is $1.87 whilst the lowest price level in 52 weeks is $0.13.

BurgerFi International Inc (BFI) has a 20-day trading average at $0.2986 and the current price is -78.90% off the 52-week high compared with 197.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2744 and its 200-day simple moving average is $0.6161. If we look at the stock’s price movements over the week, volatility stands at 43.05%, which decreases to 27.50% 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 57.94 to suggest the stock is neutral.

The consensus objective for the share price is $1.30, suggesting that the stock has a potential upside of 70.0% over the period.

1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 23, 2021 when BTIG Research initiated the stock to “Buy” and issued a price target of $11.

BurgerFi International Inc (BFI) stock is down -16.14% over the week and 119.17% over the past month. Its price is -54.12% year-to-date and -77.59% over the past year.

To reach the target analysts have set, the stock logically needs to grow 70.0 percent from here.

The company has a return on investment of -16.76% and return on equity of -23.89%. The beta has a value of 0.56. Price to book ratio is 0.21 and price to sales ratio is 0.06.