Volatility Is Your Friend: Brenmiller Energy Ltd (BNRG) Is Hot Again

Brenmiller Energy Ltd (NASDAQ:BNRG) does about 4.70M shares in volume on a normal day but saw 44729258 shares change hands in the recent trading day. The company now has a market cap of 7.51M USD. Its current market price is $1.26, marking an increase of 32.63% compared to the previous close of $0.95. The 52 week high reached by this stock is $8.20 whilst the lowest price level in 52 weeks is $0.60.

Brenmiller Energy Ltd (BNRG) has a 20-day trading average at $0.8313 and the current price is -84.63% off the 52-week high compared with 109.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8302 and its 200-day simple moving average is $2.8028. If we look at the stock’s price movements over the week, volatility stands at 37.81%, which decreases to 18.71% 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 61.66 to suggest the stock is neutral.

The current price level is 57.36%, 52.92%, and -55.41% away from its SMA20, SMA50, and SMA200 respectively, with the BNRG price moving below the 50-day SMA on current market day. Brenmiller Energy Ltd (BNRG) stock is down -18.71% over the week and 100.00% over the past month. Its price is -78.46% year-to-date and -83.64% over the past year.

Outstanding shares total 5.96M with insiders holding 32.36% of the shares and institutional holders owning 2.27% of the company’s common stock. The company has a return on equity of -236.40%. The beta has a value of -0.40. Price to book ratio is 0.85 and price to sales ratio is 12.51.