Beneficient (NASDAQ: BENF) Stock: Can It Go Higher?

In the last trading session, 3.88 million shares of the Beneficient (NASDAQ:BENF) were traded, and its beta was -1.05. Most recently the company’s share price was $0.95, and it changed around -$0.25 or -20.83% from the last close, which brings the market valuation of the company to $4.64M. BENF currently trades at a discount to its 52-week high of $51.14, offering almost -5283.16% off that amount. The share price’s 52-week low was $1.11, which indicates that the current value has fallen by an impressive -16.84% since then. We note from Beneficient’s average daily trading volume that its 10-day average is 9.05 million shares, with the 3-month average coming to 5.21 million.

Beneficient (NASDAQ:BENF) trade information

Instantly BENF has showed a red trend with a performance of -20.83% 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 2.3600 on recent trading dayincreased the stock’s daily price by 59.75%. The company’s shares are currently down -97.56% year-to-date, but still down -22.76% over the last five days. On the other hand, Beneficient (NASDAQ:BENF) is -22.76% down in the 30-day period. We can see from the shorts that 0.13 million shares have been sold at a short interest cover period of 0.03 day(s).

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Beneficient (BENF) estimates and forecasts

Beneficient share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -72.86 percent over the past six months and at a -101.66% annual growth rate that is well below the industry average of 9.60%.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 209k in revenue for the current quarter. 1 analysts expect Beneficient to make 219k in revenue for the current ending quarter.

BENF Dividends

Beneficient’s next quarterly earnings report is expected to be released in December.

Beneficient (NASDAQ:BENF)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 20.04% of Beneficient shares, and 17.57% of them are in the hands of institutional investors. The stock currently has a share float of 21.97%.