$1.65M in average volume shows that Broadmark Realty Capital Inc. (BRMK) is heading in the right direction

A new trading day began on January 24, 2023, with Broadmark Realty Capital Inc. (NYSE: BRMK) stock priced at $4.28, down -0.47% from the previous day of trading. During the day, the shares moved up to $4.30 and dropped to $4.2457 before settling in for the closing price of $4.28. BRMK’s price has ranged from $3.52 to $9.62 over the past 52 weeks.

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A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

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Meanwhile, its annual earnings per share averaged -8.90%. With a float of $127.27 million, this company’s outstanding shares have now reached $132.88 million.

The firm has a total of 60 workers. Let’s measure their productivity. In terms of profitability, gross margin is +99.07, operating margin of +71.18, and the pretax margin is +68.43.

Broadmark Realty Capital Inc. (BRMK) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Mortgage Industry. The insider ownership of Broadmark Realty Capital Inc. is 0.60%, while institutional ownership is 47.50%. The most recent insider transaction that took place on Jun 14, was worth 200,000. In this transaction Chief Executive Officer of this company bought 31,925 shares at a rate of $6.26, taking the stock ownership to the 114,748 shares.

Broadmark Realty Capital Inc. (BRMK) Earnings and Forecasts

In its latest quarterly report, released on 6/29/2022, the company reported earnings of $0.16 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +68.43 while generating a return on equity of 7.10. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -8.90% per share during the next fiscal year.

Broadmark Realty Capital Inc. (NYSE: BRMK) Trading Performance Indicators

Here are Broadmark Realty Capital Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 4.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.44, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.48 in one year’s time.

Technical Analysis of Broadmark Realty Capital Inc. (BRMK)

Analysing the last 5-days average volume posted by the [Broadmark Realty Capital Inc., BRMK], we can find that recorded value of 1.02 million was lower than the volume posted last year of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 86.05%. Additionally, its Average True Range was 0.13.

During the past 100 days, Broadmark Realty Capital Inc.’s (BRMK) raw stochastic average was set at 24.25%, which indicates a significant decrease from 88.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.36% in the past 14 days, which was lower than the 51.29% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.06, while its 200-day Moving Average is $6.08. Now, the first resistance to watch is $4.29. This is followed by the second major resistance level at $4.32. The third major resistance level sits at $4.35. If the price goes on to break the first support level at $4.24, it is likely to go to the next support level at $4.21. Should the price break the second support level, the third support level stands at $4.18.

Broadmark Realty Capital Inc. (NYSE: BRMK) Key Stats

With a market capitalization of 555.67 million, the company has a total of 132,922K Shares Outstanding. Currently, annual sales are 120,540 K while annual income is 82,490 K. The company’s previous quarter sales were 27,130 K while its latest quarter income was 2,610 K.


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