The stock of The Liberty Braves Group (NASDAQ:BATRK) is now priced at $18.48 and the shares are 0.21 points up or 1.15% higher compared to its previous closing price of $18.27. The stock had 281247 contracts set over the past session. BATRK shares’ daily volume is compared to its average trading volume at 0 billion shares. However, it has a float of 38.05 million and although its performance was -2.07% over the week, it’s one to watch. Analysts have given the BATRK stock a yearly average price target of $19 per share. It means the stock’s upside potential is 2.81% with the BATRK share price recently placing at $18.35 to $19.29.
The shorts are running away from the The Liberty Braves Group stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the BATRK shares have declined. Short interest in the stock represents just 1.26% of its float, but the volume has dropped by -7606. The volume of shorted shares dropped to 480076 from 487682 shares over the last two weeks. The average intraday trading volume has been 212118 shares, which means that days to cover moved to roughly 2.26325.
In the last trading session, The Liberty Braves Group (NASDAQ:BATRK) dropped by -$0.39 over the week and lost -$3.74 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $30.03. The stock recorded its established 52-week high on 09/17/19.
Since 03/19/20, the stock has traded to a low of $13.2 at 40%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, The Liberty Braves Group’s two-week RSI is 40. This suggests that the stock is neutral at the moment and that BATRK shares’ price movement remains stable. The stochastic readings are equally revealing at 24.19% meaning the BATRK share price is currently in overbought territory.
The technical chart shows that the BATRK stock will likely settle at between $19.06 and $19.65 per share. However, if the stock dips below $18.12, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $17.77.
Currently, the stock is trading in the red of MACD, with a reading of -0.1. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
The average rating for the BATRK equity is 3 and is currently gathering a bullish momentum. Of 1 analysts tracking The Liberty Braves Group polled by Reuters, 1 rated BATRK as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the BATRK stocks P/S ratio currently stands at 20.1below the group’s average of 23.3. The Liberty Braves Group has its P/E ratio at 2.2, which means that the stock is currently trading at a discount relative to the 3.1 industry average.