BurgerFi International Inc (NASDAQ:BFI) shares traded 92.98% higher at $0.23 on Wall Street last session.
BFI stock price is now -10.82% away from the 50-day moving average and -52.47% away from the 200-day moving average. The market capitalization of the company currently stands at $6.40M.
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With the price target of $11, BTIG Research recently initiated with Buy rating for BurgerFi International Inc (NASDAQ: BFI).
In other news, JOHN ROSATTI REVOCABLE TRUST, 10% Owner sold 20,000 shares of the company’s stock on Mar 25 ’24. The stock was sold for $11,574 at an average price of $0.58. Upon completion of the transaction, the 10% Owner now directly owns 2,668,396 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, 10% Owner JOHN ROSATTI REVOCABLE TRUST sold 20,000 shares of the business’s stock. A total of $11,536 was realized by selling the stock at an average price of $0.58. This leaves the insider owning 2,688,396 shares of the company worth $0.62 million. A total of 50.98% of the company’s stock is owned by insiders.
During the past 12 months, BurgerFi International Inc has had a low of $0.12 and a high of $1.32. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 0.12, and a quick ratio of 0.10. The fifty day moving average price for BFI is $0.2628 and a two-hundred day moving average price translates $0.487175 for the stock.
The latest earnings results from BurgerFi International Inc (NASDAQ: BFI) was released for 2024-04-01. The net profit margin was -16.80% and return on equity was -23.89% for BFI. The company reported revenue of $42.88 million for the quarter, compared to $45.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.23 percent.
