How is the Ballantyne Strong, Inc (NYSE:BTN) performance outlook for the coming months? – Marketing Sentinel

How is the Ballantyne Strong, Inc (NYSE:BTN) performance outlook for the coming months?

Ballantyne Strong, Inc (NYSE:BTN) has a beta value of 0.97 and has seen 6,807,961 shares traded in the recent trading session. The company, currently valued at $69Million, closed the recent trade at $3.76 per share which meant it gained $0.52 on the day or 16.05% during that session. The BTN stock price is -4.79% off its 52-week high price of $3.94 and 66.49% above the 52-week low of $1.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 93.17 Million shares traded. The 3-month trading volume is 416.38 Million shares.

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The consensus among analysts is that Ballantyne Strong, Inc (BTN) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.

Ballantyne Strong, Inc (NYSE:BTN) trade information

Sporting 16.05% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 13 when the BTN stock price touched $3.94-4 or saw a rise of 4.57%. Year-to-date, Ballantyne Strong, Inc shares have moved 86.74%, while the 5-day performance has seen it change 51.61%. Over the past 30 days, the shares of Ballantyne Strong, Inc (NYSE:BTN) have changed 35.74%. Short interest in the company has seen 93.43 Million shares shorted with days to cover at 0.22.

Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 59.57% from the levels at last check today. The projected low price target is $6 while the price target rests at a high of $6. In that case, then, we find that the latest price level in today’s session is +59.57% off the targeted high while a plunge would see the stock lose 59.57% from the levels at last check today.

Ballantyne Strong, Inc (BTN) estimates and forecasts

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +14.4% over the past 5 years. Earnings growth for 2021 is a modest +7.4% while over the next 5 years, the company’s earnings are expected to increase by 15%.

Ballantyne Strong, Inc (NYSE:BTN)’s Major holders

Insiders own 5.96% of the company shares, while shares held by institutions stand at 59.89% with a share float percentage of 63.68%. Investors are also buoyed by the number of investors in a company, with Ballantyne Strong, Inc having a total of 18 institutions that hold shares in the company. The top two institutional holders are Ariel Investments, LLC with over 2.58 Million shares worth more than $5.2 Million. As of December 30, 2020, Ariel Investments, LLC held 14.11% of shares outstanding.

The other major institutional holder is CWA Asset Management Group, LLC, with the holding of over 1.33 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.67 Million and represent 7.26% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are DFA U.S. Small Cap Value Series and Vanguard Extended Market Index Fund. As of January 30, 2021, the former fund manager holds about 1.14% shares in the company for having 209549 shares of worth $414.91 Thousand while later fund manager owns 208.98 Thousand shares of worth $420.79 Thousand as of December 30, 2020, which makes it owner of about 1.14% of company’s outstanding stock.

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