BARK Inc (NYSE:BARK) Jumps 1.89% In 2024; Is It Affordable At $1.62?

In last trading session, BARK Inc (NYSE:BARK) saw 0.49 million shares changing hands with its beta currently measuring 1.67. Company’s recent per share price level of $1.62 trading at -$0.07 or -4.14% at ring of the bell on the day assigns it a market valuation of $281.15M. That closing price of BARK’s stock is at a discount of -17.9% from its 52-week high price of $1.91 and is indicating a premium of 56.79% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.58 million shares which gives us an average trading volume of 721.13K if we extend that period to 3-months.

For BARK Inc (BARK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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BARK Inc (NYSE:BARK) trade information

Upright in the red during last session for losing -4.14%, in the last five days BARK remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $1.62 price level, adding 9.5% to its value on the day. BARK Inc’s shares saw a change of 101.12% in year-to-date performance and have moved -11.48% in past 5-day. BARK Inc (NYSE:BARK) showed a performance of 23.66% in past 30-days. Number of shares sold short was 13.51 million shares which calculate 25.68 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 53.71% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -23.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.46% for stock’s current value.

BARK Inc (BARK) estimates and forecasts

Statistics highlight that BARK Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.89% of value to its shares in past 6 months, showing an annual growth rate of 72.73% while that of industry is -9.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

BARK Inc (NYSE:BARK)’s Major holders

Insiders are in possession of 24.29% of company’s total shares while institution are holding 40.40 percent of that, with stock having share float percentage of 53.36%. Investors also watch the number of corporate investors in a company very closely, which is 40.40% institutions for BARK Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at BARK for having 8.34 million shares of worth $15.1 million. And as of 2024-06-30, it was holding 4.7063 of the company’s outstanding shares.

The second largest institutional holder is FOUNDERS CIRCLE CAPITAL LLC, which was holding about 7.94 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4804 of outstanding shares, having a total worth of $14.37 million.