Berkshire Hathaway Inc (NYSE:BRK-B) does about 5.11M shares in volume on a normal day but saw 16347392 shares change hands in the recent trading day. The company now has a market cap of 1105.82B USD. Its current market price is $512.15, marking a decrease of -5.12% compared to the previous close of $539.80. The 52 week high reached by this stock is $542.07 whilst the lowest price level in 52 weeks is $399.21. The script in recent trading has seen the stock touch a high of $481 and a low of $450.
Berkshire Hathaway Inc (BRK-B) has the current price is -5.52% off the 52-week high compared with 28.29% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 1.89%, which increases to 3.24% 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 44.79 to suggest the stock is neutral.
The consensus objective for the share price is $526.08, suggesting that the stock has a potential upside of 2.65% over the period. The median price target is -10.02% away from the current levels at $465.5.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 22, 2024 when TD Cowen initiated the stock to “Hold” and issued a price target of $465. Argus upgraded the stock to “Buy” from Hold on May 29, 2024 at a price target of $450.
The current price level is -1.84%, -0.93%, and 8.36% away from its SMA20, SMA50, and SMA200 respectively, with the BRK-B price moving above the 50-day SMA on current market day. Berkshire Hathaway Inc (BRK-B) stock is down -3.54% over the week and -3.40% over the past month. Its price is 12.99% year-to-date and 28.49% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 4.72 and 20.72 for whole year. Expected sales for next quarter are $98.46B, which analysts say will come at $375.34B for the current fiscal year and next year at $394.22B. In addition, estimates put the company’s current quarterly revenue at an average of $81.59B.
Its 12-month price target is $465.5. To reach the target analysts have set, the stock logically needs to grow 2.65 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $450, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $481.
Outstanding shares total 1.34B with insiders holding 0.38% of the shares and institutional holders owning 66.06% of the company’s common stock. The company has a return on investment of 10.39% and return on equity of 13.20%. The price to earnings ratio (P/E ratio) amounts to 13.65 while the forward price to earnings ratio is 23.44. The beta has a value of 0.89. Price to book ratio is 1.69 and price to sales ratio is 2.98.
