Brand Engagement Network Inc (BNAI) saw an uptrend of 11.90% in the recent trading with $0.33 being its most recent. The current price level -72.12% lower than the highest price of $1.18 marked by the stock while trading over the past 52-weeks, whereas it is 42.67% higher than the lowest price of $0.23 the company dropped to over past 52-weeks. The latest news story on BNAI appeared in (Insider Monkey) under the title “Brand Engagement Network Appoints Chief Medical Informatics Officer Ruy Carrasco to Board of Directors”.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.39% below one month high and is +16.92% above of the lowest during that time. Looking into the simple moving average, Brand Engagement Network Inc (BNAI)’s stock stands at a SMA-50 of $0.3152 while that of 5-day is reading $0.3023.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BNAI’s SMA-200 as of now is $0.4127.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Brand Engagement Network Inc Earnings – What Happened With BNAI
Coming around sales and income figures on BNAI Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Brand Engagement Network Inc (BNAI) last released financial results for the quarter that ended 6/30/2024, posting a surprise factor of 52.63% for net revenue.
BNAI – Brand Engagement Network Inc Stock Earnings Estimates
The perspective of Brand Engagement Network Inc (NASDAQ:BNAI)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.19 for stock’s EPS in the current quarter. Brand Engagement Network Inc (BNAI) last released financial results for the quarter that ended 6/30/2024, posting a surprise factor of 52.63% for net revenue. Company’s EPS for the last quarter was -0.09.
Brand Engagement Network Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 42.99 million. BNAI does have institutional investors; and they hold 6.78% of the stock.
As on 2024-06-30, MOORE CAPITAL MANAGEMENT, LP was the top most holder in Brand Engagement Network Inc (NASDAQ:BNAI) with an ownership of 0.17 million shares of the company or 0.5148 of the stake worth $0.6 million. The filing also reveals ATLAS MERCHANT CAPITAL LLC as the second largest holder in the company with a control over 0.5148 of the outstanding shares. Its stake is worth $0.6 million for having 0.17 million shares in hand.
BANK OF AMERICA CORP /DE/ also came holding a key position in the company during the recent quarter and it now holds 0.4415 of the outstanding shares. With this there are now 19.0 institutions which have possession in BNAI’s shares.
Key Metrics for BNAI
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Brand Engagement Network Inc has a debt to equity ratio of 0.75.
Technical Analysis of Brand Engagement Network Inc (NASDAQ:BNAI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Brand Engagement Network Inc (BNAI), we notice that the stock’s 20-day average volume is at 1,484,865 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 794,426 shares. And to end, BNAI’s 100-day average volume is 4,586,080 shares with 100% of the long-term indicators pointing towards Sell for the stock.
