Brookdale Senior Living Inc (NYSE:BKD) shares, rose in value on Friday, March 15, with the stock price down by -1.45% to the previous day’s close as strong demand from buyers drove the stock to $5.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.87. The value of beta (5-year monthly) is 1.31. Referring to stock’s 52-week performance, its high was $6.35, and the low was $2.27. On the whole, BKD has fluctuated by -6.54% over the past month.
With the market capitalization of Brookdale Senior Living Inc currently standing at about $1.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.18, which is expected to increase to -$0.17 for fiscal year -$0.72 and then to about -$0.59 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.30% in 2025, while the next year’s EPS growth is forecast to be 18.10%.
Analysts have estimated the company’s revenue for the quarter at $781.56 million, with a low estimate of $779.33 million and a high estimate of $783.8 million. According to the average forecast, sales growth in current quarter could jump up 3.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.13 billion, representing an increase of 3.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BKD’s technical picture suggests that short-term indicators denote the stock is a 75% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BKD currently trading nearly -0.22% and 1.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.92, while the 7-day volatility ratio is showing 5.72% which for the 30-day chart, stands at 5.01%. Furthermore, Brookdale Senior Living Inc (BKD)’s beta value is 1.31, and its average true range (ATR) is 0.28.
A comparison of Brookdale Senior Living Inc (BKD) with its peers suggests the former has fared considerably weaker in the market. BKD showed an intraday change of -1.45% in today’s session so far, and over the past year, it grew by 107.35%%.
Data on historical trading for Brookdale Senior Living Inc (NYSE:BKD) indicates that the trading volumes over the past 10 days have averaged 1.72 million and over the past 3 months, they’ve averaged 1.89 million. According to company’s latest data on outstanding shares, there are 188.25 million shares outstanding.
Nearly 11.25% of Brookdale Senior Living Inc’s shares belong to company insiders and institutional investors own 98.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.4 million shares as on Feb 29, 2024, resulting in a short ratio of 8.45. According to the data, the short interest in Brookdale Senior Living Inc (BKD) stood at 9.19% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 17.37 million. The stock has fallen by -0.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BKD stock heading into the next quarter.
