Let’s look at the key reasons that are pushing Berry Global Group Inc (BERY) to new highs

Berry Global Group Inc (NYSE: BERY) kicked off on Friday, up 1.03% from the previous trading day, before settling in for the closing price of $71.57. Over the past 52 weeks, BERY has traded in a range of $49.63-$73.31.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Consumer Cyclical Sector giant saw their annual sales surged by 7.80% over the last five years. While this was happening, its average annual earnings per share was recorded -13.17%. With a float of $114.73 million, this company’s outstanding shares have now reached $115.00 million.

The firm has a total of 42000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 17.43%, operating margin of 8.35%, and the pretax margin is 4.98%.

Berry Global Group Inc (BERY) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Packaging & Containers Industry. The insider ownership of Berry Global Group Inc is 0.41%, while institutional ownership is 99.64%. The most recent insider transaction that took place on Nov 20 ’24, was worth 425,068. Before that another transaction happened on Oct 15 ’24, when Company’s Director sold 14,000 for $70.13, making the entire transaction worth $981,820. This insider now owns 30,228 shares in total.

Berry Global Group Inc (BERY) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.22 earnings per share (EPS), lower than consensus estimate (set at 1.31) by -0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.66 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -13.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.43% during the next five years compared to 7.87% growth over the previous five years of trading.

Berry Global Group Inc (NYSE: BERY) Trading Performance Indicators

Take a look at Berry Global Group Inc’s (BERY) current performance indicators. Last quarter, stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.69. Likewise, its price to free cash flow for the trailing twelve months is 9.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.39, a number that is poised to hit 1.14 in the next quarter and is forecasted to reach 6.89 in one year’s time.

Technical Analysis of Berry Global Group Inc (BERY)

Analysing the last 5-days average volume posted by the [Berry Global Group Inc, BERY], we can find that recorded value of 2.22 million was better than the volume posted last year of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 80.61%. Additionally, its Average True Range was 1.81.

During the past 100 days, Berry Global Group Inc’s (BERY) raw stochastic average was set at 92.68%, which indicates a significant increase from 87.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.61% in the past 14 days, which was lower than the 25.97% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $68.53, while its 200-day Moving Average is $62.98. Now, the first resistance to watch is $73.03. This is followed by the second major resistance level at $73.74. The third major resistance level sits at $74.40. If the price goes on to break the first support level at $71.66, it is likely to go to the next support level at $71.00. Now, if the price goes above the second support level, the third support stands at $70.29.

Berry Global Group Inc (NYSE: BERY) Key Stats

The company with the Market Capitalisation of 8.42 billion has total of 115,200K Shares Outstanding. Its annual sales at the moment are 12,258 M in contrast with the sum of 516,000 K annual income. Company’s last quarter sales were recorded 3,168 M and last quarter income was 148,000 K.