Beneficient (BENF)’s stock has witnessed a price hike of 73.95% from the previous close with its current price standing at $2.07. Its current price is -98.92% under its 52-week high of $192.00 and 86.49% more than its 52-week low of $1.11. Based on the past 30-day period, the stock price is -44.11% below the high and +67.66% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, BENF’s SMA-200 is $9.5052.
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Additionally, it is important to take into account BENF stock ratios, including its price-to-sales ratio, which is 9.78 for the last tewlve months.
How does Beneficient (BENF) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1.
Beneficient (BENF): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of -0.29 and -0.29 with an average Earnings Estimate of -0.29 which is in contrast with the last year earnings estimate of -116.00 and also replicates 99.75% growth rate year over year.
Beneficient (NASDAQ: BENF) Ownership Details
I will give a breakdown of the key shareholders in Beneficient (BENF). Recent figures show that the company’s insiders hold 25.60% of shares. A total of 15 institutional investors hold shares in the company, making 30.23% of its stock and 40.63% of its float.
Jun 30, 2024 , it was reported that the Company’s largest institutional holder is Rivernorth Capital Management, LLC holding total of 614.95 shares that make 13.43% of the company’s total number of shares and are currently priced at 1.21 million.
The securities firm Hatteras Investment Partners, LP holds 562.75 shares of BENF, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 12.29% , and the holding percentage of shares is valued at 1.11 million.
An overview of Beneficient’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Beneficient (BENF) traded 2,958,720 shares per day, with a moving average of $1.3235 and price change of -0.1890. With the moving average of $1.9151 and a price change of -1.8290, about 3,693,286 shares changed hands on average over the past 50 days. Finally, BENF’s 100-day average volume is 2,398,499 shares, alongside a moving average of $2.6505 and a price change of -2.9590.
