Berry Corp (BRY) average volume reaches $1.05M: Is Wall Street expecting a rally?

A new trading day began on Tuesday, with Berry Corp (NASDAQ: BRY) stock price down -4.48% from the previous day of trading, before settling in for the closing price of $5.36. BRY’s price has ranged from $4.82 to $8.80 over the past 52 weeks.

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During the last 5-year period, the sales growth of Energy Sector giant was 14.81%. Meanwhile, its annual earnings per share averaged -14.51%. With a float of $74.97 million, this company’s outstanding shares have now reached $75.67 million.

Let’s determine the extent of company efficiency that accounts for 1282 employees. In terms of profitability, gross margin is 44.0%, operating margin of 30.49%, and the pretax margin is -3.97%.

Berry Corp (BRY) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Berry Corp is 2.56%, while institutional ownership is 86.80%. The most recent insider transaction that took place on Aug 23 ’24, was worth 211,040. In this transaction Chief Executive Officer of this company sold 33,950 shares at a rate of $6.22, taking the stock ownership to the 253,045 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 33,950 for $6.22, making the entire transaction worth $211,040.

Berry Corp (BRY) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -14.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -10.69% drop over the previous five years of trading.

Berry Corp (NASDAQ: BRY) Trading Performance Indicators

Here are Berry Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.41. Likewise, its price to free cash flow for the trailing twelve months is 2.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.55 in one year’s time.

Technical Analysis of Berry Corp (BRY)

Looking closely at Berry Corp (NASDAQ: BRY), its last 5-days average volume was 0.98 million, which is a drop from its year-to-date volume of 1.05 million. As of the previous 9 days, the stock’s Stochastic %D was 55.28%. Additionally, its Average True Range was 0.19.

During the past 100 days, Berry Corp’s (BRY) raw stochastic average was set at 12.71%, which indicates a significant decrease from 45.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.76% in the past 14 days, which was lower than the 36.27% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.68, while its 200-day Moving Average is $6.76. However, in the short run, Berry Corp’s stock first resistance to watch stands at $5.20. Second resistance stands at $5.28. The third major resistance level sits at $5.34. If the price goes on to break the first support level at $5.06, it is likely to go to the next support level at $5.00. Should the price break the second support level, the third support level stands at $4.92.

Berry Corp (NASDAQ: BRY) Key Stats

With a market capitalization of 393.93 million, the company has a total of 76,939K Shares Outstanding. Currently, annual sales are 903,460 K while annual income is 37,400 K. The company’s previous quarter sales were 197,820 K while its latest quarter income was -8,770 K.