In last trading session, BRC Inc (NYSE:BRCC) saw 0.54 million shares changing hands with its beta currently measuring 0.98. Company’s recent per share price level of $4.25 trading at -$0.16 or -3.63% at ring of the bell on the day assigns it a market valuation of $260.44M. That closing price of BRCC’s stock is at a discount of -37.65% from its 52-week high price of $5.85 and is indicating a premium of 40.94% from its 52-week low price of $2.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 778.14K if we extend that period to 3-months.
BRC Inc (NYSE:BRCC) trade information
Upright in the red during last session for losing -3.63%, in the last five days BRCC remained trading in the red while hitting it’s week-highest on Monday, 04/08/24 when the stock touched $4.25 price level, adding 14.14% to its value on the day. BRC Inc’s shares saw a change of 17.08% in year-to-date performance and have moved -10.53% in past 5-day. BRC Inc (NYSE:BRCC) showed a performance of -9.19% in past 30-days. Number of shares sold short was 9.39 million shares which calculate 8.63 days to cover the short interests.
BRC Inc (BRCC) estimates and forecasts
Statistics highlight that BRC Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 55.11% of value to its shares in past 6 months, showing an annual growth rate of 96.30% while that of industry is 4.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 50.00% in the current quarter and calculating 71.40% increase in the next quarter. This year revenue growth is estimated to rise 12.80% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $98.74 million for the same. And 8 analysts are in estimates of company making revenue of $106.07 million in the next quarter that will end on Jun 2024. Company posted $83.49 million and $91.95 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.30% while estimating it to be 15.40% for the next quarter.
BRCC Dividends
BRC Inc is more likely to be releasing its next quarterly report in May 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.
BRC Inc (NYSE:BRCC)’s Major holders
Insiders are in possession of 24.68% of company’s total shares while institution are holding 52.27 percent of that, with stock having share float percentage of 69.40%. Investors also watch the number of corporate investors in a company very closely, which is 52.27% institutions for BRC Inc that are currently holding shares of the company. Engaged Capital, LLC is the top institutional holder at BRCC for having 13.35 million shares of worth $68.89 million. And as of Jun 29, 2023, it was holding 21.79% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 3.91 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.38% of outstanding shares, having a total worth of $20.17 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.2 million shares of worth $6.2 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 1.13 million shares on Jun 29, 2023, making its stake of worth around $5.86 million in the company or a holder of 1.85% of company’s stock.
