Look Past The Setbacks And Give Brooge Energy Limited (NASDAQ: BROG) Another Chance

Brooge Energy Limited (NASDAQ:BROG) currently has a daily average trading volume of 489.63K but it saw 393170 shares traded in last market. With a market cap of 232.93M USD, the company’s current market price of $2.60 came rising about 13.04 while comparing to the previous closing price of $2.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.78 and as low as $0.81. In the recent trading on the day, stock has struck highest price mark of $2.36 while lowest mark touched by it was $2.65.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which initiated the stock as “Outperform” in its note to investors issued on August 11, 2020, recommending a price target of $13 for it.

Over the week, BROG’s stock price is moving -2.62% down while it is 52.94% when we observe its performance for the past one month. Year-to-date it is 65.61% up and over the past year, the stock is showing an upside performance of 172.99%.

The company is expected to be releasing its next quarterly report in July, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Brooge Energy Limited’s total number of outstanding shares is 26.78M. Company’s return on investment (ROI) stands at 3.02% and return on equity (ROE) at 7.53%. It has a price to earnings ratio (P/E ratio) of 52.53. Stock’s beta reads -0.11. Stock has a price to book (P/B) ratio of 3.81 while price to sale or P/S ratio amounts to 3.05. Its return on asset (ROA) is 0.91% on average.

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