Beneficient (BENF) average volume reaches $998.67K: Is Wall Street expecting a rally?

Beneficient (NASDAQ: BENF) kicked off on Friday, down -5.06% from the previous trading day, before settling in for the closing price of $1.58. Over the past 52 weeks, BENF has traded in a range of $1.50-$287.20.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 31.94%. While this was happening, its average annual earnings per share was recorded 94.20%. With a float of $2.52 million, this company’s outstanding shares have now reached $3.34 million.

Considering the fact that the conglomerate employs 80 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 161.34%, operating margin of 4155.67%, and the pretax margin is 7998.65%.

Beneficient (BENF) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of Beneficient is 37.51%, while institutional ownership is 30.09%. The most recent insider transaction that took place on Aug 28 ’24, was worth 16,985. In this transaction an insider of this company sold 9,818 shares at a rate of $1.73, taking the stock ownership to the 87,822 shares. Before that another transaction happened on Aug 27 ’24, when Company’s See Remarks sold 4,307 for $1.97, making the entire transaction worth $8,485. This insider now owns 97,692 shares in total.

Beneficient (BENF) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 94.20% per share during the next fiscal year.

Beneficient (NASDAQ: BENF) Trading Performance Indicators

Take a look at Beneficient’s (BENF) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.25.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -292.37, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 0.16 in one year’s time.

Technical Analysis of Beneficient (BENF)

Compared to the last year’s volume of 0.71 million, its volume of 0.21 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.38%. Additionally, its Average True Range was 0.31.

During the past 100 days, Beneficient’s (BENF) raw stochastic average was set at 1.03%, which indicates a significant decrease from 8.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 115.78% in the past 14 days, which was lower than the 289.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.8925, while its 200-day Moving Average is $14.1774. Nevertheless, the first resistance level for the watch stands at $1.6333 in the near term. At $1.7667, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8933. If the price goes on to break the first support level at $1.3733, it is likely to go to the next support level at $1.2467. Should the price break the second support level, the third support level stands at $1.1133.

Beneficient (NASDAQ: BENF) Key Stats

The company with the Market Capitalisation of 6.38 million has total of 3,598K Shares Outstanding. Its annual sales at the moment are -98,908 K in contrast with the sum of -2,096 M annual income. Company’s last quarter sales were recorded 10,046 K and last quarter income was 47,667 K.