In the latest trading session, 0.46 million Benson Hill Inc (NYSE:BHIL) shares changed hands as the company’s beta touched 2.26. With the company’s most recent per share price at $0.27 changing hands around $0.04 or 19.14% at last look, the market valuation stands at $56.55M. BHIL’s current price is a discount, trading about -1166.67% off its 52-week high of $3.42. The share price had its 52-week low at $0.14, which suggests the last value was 48.15% up since then. When we look at Benson Hill Inc’s average trading volume, we note the 10-day average is 1.87 million shares, with the 3-month average coming to 1.46 million.
Analysts gave the Benson Hill Inc (BHIL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BHIL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Benson Hill Inc’s EPS for the current quarter is expected to be -$0.16.
Benson Hill Inc (NYSE:BHIL) trade information
Instantly BHIL is in green as seen in intraday trades today. With action -9.56%, the performance over the past five days has been red. The jump to weekly highs of 0.3192 on Friday, 11/17/23 added 19.14% to the stock’s daily price. The company’s shares are showing year-to-date downside of -89.36%, with the 5-day performance at -9.56% in the red. However, in the 30-day time frame, Benson Hill Inc (NYSE:BHIL) is -19.23% down. Looking at the short shares, we see there were 6.37 million shares sold at short interest cover period of 8.87 days.
The consensus price target for the stock as assigned by Wall Street analysts is $0.30, meaning bulls need an upside of 10.0% from its recent market value. According to analyst projections, BHIL’s forecast low is $0.30 with $0.30 as the target high. To hit the forecast high, the stock’s price needs a -11.11% plunge from its current level, while the stock would need to soar -11.11% for it to hit the projected low.
Benson Hill Inc (BHIL) estimates and forecasts
Data shows that the Benson Hill Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -83.85% over the past 6 months, a -12.73% in annual growth rate that is considerably lower than the industry average of 3.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Benson Hill Inc will rise 44.80%, while the growth in revenue is estimated to hit -650.00% for the next quarter. Year-over-year growth is forecast to reach 16.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $79.8 million. 1 analysts are of the opinion that Benson Hill Inc’s revenue for the quarter ending Mar 2024 will be $87.5 million. The company’s revenue for the corresponding quarters a year ago was $99.18 million and $134.64 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -19.50%. The estimates for the next quarter sales put growth at -35.00%.
The 2023 estimates are for Benson Hill Inc earnings to decrease by -6.36%.
Benson Hill Inc is expected to release its next quarterly earnings report on November 09.
Benson Hill Inc (NYSE:BHIL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 33.40% of Benson Hill Inc shares while 34.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.69%. There are 34.43% institutions holding the Benson Hill Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 8.59% of the shares, roughly 17.86 million BHIL shares worth $23.22 million.
Alphabet Inc. holds the second largest percentage of outstanding shares, with 7.38% or 15.35 million shares worth $19.96 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 3.92 million shares estimated at $2.5 million under it, the former controlled 1.88% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.60% of the shares, roughly 3.33 million shares worth around $4.33 million.