Brooge Energy Limited (NASDAQ:BROG) does about 98.02K shares in volume on a normal day but saw 4717306 shares change hands in the recent trading day. The company now has a market cap of 285.79M USD. Its current market price is $3.19, marking an increase of 29.15% compared to the previous close of $2.47. The 52 week high reached by this stock is $2.57 whilst the lowest price level in 52 weeks is $0.80.
The consensus objective for the share price is $6.40, suggesting that the stock has a potential upside of 50.16% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2020 when RBC Capital Mkts initiated the stock to “Outperform” and issued a price target of $13.
The current price level is 106.36%, 135.95%, and 137.41% away from its SMA20, SMA50, and SMA200 respectively, with the BROG price moving below the 50-day SMA on current market day. Brooge Energy Limited (BROG) stock is up 87.65% over the week and 155.20% over the past month. Its price is 103.18% year-to-date and 217.41% over the past year.
To reach the target analysts have set, the stock logically needs to grow 50.16 percent from here.
Outstanding shares total 26.78M with insiders holding 82.42% of the shares and institutional holders owning 7.42% of the company’s common stock. The company has a return on investment of 3.02% and return on equity of 7.53%. The price to earnings ratio (P/E ratio) amounts to 64.44. The beta has a value of 0.36. Price to book ratio is 4.67 and price to sales ratio is 3.74.
