The price of BRC Inc (NYSE:BRCC) shares last traded on Wall Street rose 2.43% to $2.11.
BRCC stock price is now -6.33% away from the 50-day moving average and -36.74% away from the 200-day moving average. The market capitalization of the company currently stands at $449.52M.
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With the price target reduced from $8 to $6, Telsey Advisory Group maintained Outperform rating for BRC Inc (NYSE: BRCC). On August 09, 2024, ROTH MKM Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $8 to quote $4, while ‘Needham’ rates the stock as ‘Hold’
In other news, TOWER 5 CAPITAL, LLC, Director bought 51,670 shares of the company’s stock on Nov 06 ’24. The stock was bought for $167,840 at an average price of $3.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director TOWER 5 CAPITAL, LLC bought 300,000 shares of the business’s stock. A total of $987,000 was incurred on buying the stock at an average price of $3.29. A total of 5.71% of the company’s stock is owned by insiders.
During the past 12 months, BRC Inc has had a low of $1.89 and a high of $7.14. As of last week, the company has a debt-to-equity ratio of 7.40, a current ratio of 1.27, and a quick ratio of 0.70. The fifty day moving average price for BRCC is $2.2526 and a two-hundred day moving average price translates $3.33535 for the stock.
The latest earnings results from BRC Inc (NYSE: BRCC) was released for 2024-12-31. The net profit margin was -0.75% and return on equity was -22.32% for BRCC. The company reported revenue of $105.88 million for the quarter, compared to $119.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.51 percent. For the current quarter, analysts expect BRCC to generate $88.08M in revenue.
