BurgerFi International Inc (NASDAQ: BFI): Is It A Gold Mine Or A Disaster In The Making?

In the last trading session, 5.88 million shares of the BurgerFi International Inc (NASDAQ:BFI) were traded, and its beta was 0.48. Most recently the company’s share price was $0.12, and it changed around -$0.01 or -7.84% from the last close, which brings the market valuation of the company to $3.32M. BFI currently trades at a discount to its 52-week high of $1.32, offering almost -1000.0% off that amount. We note from BurgerFi International Inc’s average daily trading volume that its 10-day average is 3.69 million shares, with the 3-month average coming to 8.16 million.

BurgerFi International Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BFI as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. BurgerFi International Inc is expected to report earnings per share of 0 for the current quarter.

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BurgerFi International Inc (NASDAQ:BFI) trade information

Instantly BFI has showed a red trend with a performance of -7.84% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1905 on recent trading dayincreased the stock’s daily price by 37.01%. The company’s shares are currently down -85.93% year-to-date, but still down -35.60% over the last five days. On the other hand, BurgerFi International Inc (NASDAQ:BFI) is -68.34% down in the 30-day period. We can see from the shorts that 1.08 million shares have been sold at a short interest cover period of 0.25 day(s).

BurgerFi International Inc (BFI) estimates and forecasts

The year-over-year growth rate is expected to be -2.10%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 42.3M in revenue for the current quarter. 1 analysts expect BurgerFi International Inc to make 39.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 43.43M and 39.48M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.60%. Forecasts for the next quarter put sales growth at 0.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -48.36%.

BFI Dividends

BurgerFi International Inc’s next quarterly earnings report is expected to be released in October.

BurgerFi International Inc (NASDAQ:BFI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 43.87% of BurgerFi International Inc shares, and 19.72% of them are in the hands of institutional investors. The stock currently has a share float of 35.14%. BurgerFi International Inc stock is held by 29.0 institutions, with LION POINT CAPITAL, LP being the largest institutional investor. By 2024-06-30, it held 10.162% of the shares, which is about 2.75 million shares worth $0.56 million.

CATTERTON MANAGEMENT COMPANY, L.L.C., with 5.1952% or 1.4 million shares worth $0.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.