On Tuesday, BrightSpire Capital Inc (NYSE: BRSP) opened higher 1.85% from the last session ,before settling in for the closing price of $6.48. Price fluctuations for BRSP have ranged from $5.20 to $8.01 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 3.07%. Company’s average yearly earnings per share was noted -18.11% at the time writing. With a float of $127.19 million, this company’s outstanding shares have now reached $129.99 million.
Let’s determine the extent of company efficiency that accounts for 55 employees.
BrightSpire Capital Inc (BRSP) Insider Activity
A key investor’s attitude towards the stock of the REIT – Mortgage industry is another important factor to consider. The insider ownership of BrightSpire Capital Inc is 2.15%, while institutional ownership is 58.48%. The most recent insider transaction that took place on Mar 27 ’24, was worth 338,000. In this transaction an insider of this company sold 50,000 shares at a rate of $6.76, taking the stock ownership to the 347,832 shares.
BrightSpire Capital Inc (BRSP) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.28 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.24) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -18.11% per share during the next fiscal year.
BrightSpire Capital Inc (NYSE: BRSP) Trading Performance Indicators
Check out the current performance indicators for BrightSpire Capital Inc (BRSP). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.11. Likewise, its price to free cash flow for the trailing twelve months is 6.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 0.98 in one year’s time.
Technical Analysis of BrightSpire Capital Inc (BRSP)
Looking closely at BrightSpire Capital Inc (NYSE: BRSP), its last 5-days average volume was 0.76 million, which is a jump from its year-to-date volume of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 17.41%. Additionally, its Average True Range was 0.16.
During the past 100 days, BrightSpire Capital Inc’s (BRSP) raw stochastic average was set at 12.42%, which indicates a significant decrease from 26.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.04% in the past 14 days, which was lower than the 30.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.81, while its 200-day Moving Average is $6.77. However, in the short run, BrightSpire Capital Inc’s stock first resistance to watch stands at $6.65. Second resistance stands at $6.70. The third major resistance level sits at $6.79. If the price goes on to break the first support level at $6.51, it is likely to go to the next support level at $6.42. Should the price break the second support level, the third support level stands at $6.37.
BrightSpire Capital Inc (NYSE: BRSP) Key Stats
There are currently 130,636K shares outstanding in the company with a market cap of 857.93 million. Presently, the company’s annual sales total 232,720 K according to its annual income of -15,550 K. Last quarter, the company’s sales amounted to 59,850 K and its income totaled -16,330 K.
