In last trading session, Berkshire Grey Inc. (NASDAQ:BGRY) saw 0.48 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.67 trading at -$0.12 or -6.70% at ring of the bell on the day assigns it a market valuation of $391.25M. That closing price of BGRY’s stock is at a discount of -531.74% from its 52-week high price of $10.55 and is indicating a premium of 16.17% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 909.53K if we extend that period to 3-months.
For Berkshire Grey Inc. (BGRY), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.13 in the current quarter.
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Upright in the red during last session for losing -6.70%, in the last five days BGRY remained trading in the green while hitting it’s week-highest on Wednesday, 07/20/22 when the stock touched $1.67 price level, adding 8.24% to its value on the day. Berkshire Grey Inc.’s shares saw a change of -69.64% in year-to-date performance and have moved 9.87% in past 5-day. Berkshire Grey Inc. (NASDAQ:BGRY) showed a performance of -7.22% in past 30-days. Number of shares sold short was 2.11 million shares which calculate 2.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.11 to the stock, which implies a rise of 67.32% to its current value. Analysts have been projecting $2.45 as a low price target for the stock while placing it at a high target of $7.00. It follows that stock’s current price would drop -319.16% in reaching the projected high whereas dropping to the targeted low would mean a loss of -46.71% for stock’s current value.
Berkshire Grey Inc. (BGRY) estimates and forecasts
Statistics highlight that Berkshire Grey Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -53.48% of value to its shares in past 6 months, showing an annual growth rate of 57.89% while that of industry is 10.00. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 76.00% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.49 million for the same. And 4 analysts are in estimates of company making revenue of $7.28 million in the next quarter that will end on Jun 2022.
In 2022, company’s earnings growth rate is likely to be around -164.40% while estimates for its earnings growth in next 5 years are of 57.10%.
Berkshire Grey Inc. is more likely to be releasing its next quarterly report between March 15 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Berkshire Grey Inc. (NASDAQ:BGRY)’s Major holders
Insiders are in possession of 6.39% of company’s total shares while institution are holding 84.31 percent of that, with stock having share float percentage of 90.07%. Investors also watch the number of corporate investors in a company very closely, which is 84.31% institutions for Berkshire Grey Inc. that are currently holding shares of the company. SB Global Advisers Ltd is the top institutional holder at BGRY for having 65.57 million shares of worth $360.62 million. And as of Dec 30, 2021, it was holding 28.22% of the company’s outstanding shares.
The second largest institutional holder is VK Services, LLC, which was holding about 56.57 million shares on Dec 30, 2021. The number of shares represents firm’s hold over 24.34% of outstanding shares, having a total worth of $311.12 million.
On the other hand, Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Feb 27, 2022, the former fund manager was holding 2.88 million shares of worth $9.63 million or 1.24% of the total outstanding shares. The later fund manager was in possession of 0.64 million shares on Dec 30, 2021, making its stake of worth around $3.49 million in the company or a holder of 0.27% of company’s stock.