Benson Hill Inc (NYSE: BHIL) Stock Seems Like A Good Option

Benson Hill Inc (NYSE:BHIL) shares, rose in value, with the stock price down by -1.92% to the previous day’s close as strong demand from buyers drove the stock to $0.21.

Actively observing the price movement in the last trading, the stock closed the session at $0.22. Referring to stock’s 52-week performance, its high was $1.85, and the low was $0.13. On the whole, BHIL has fluctuated by 2.93% over the past month.

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

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 -$0.09, which is expected to increase to -$0.07 for fiscal year -$0.29 and then to about -$0.22 by fiscal year 2025. Data indicates that the EPS growth is expected to be 59.20% in 2025, while the next year’s EPS growth is forecast to be 24.10%.

Analysts have estimated the company’s revenue for the quarter at $27.8 million, with a low estimate of $27.8 million and a high estimate of $27.8 million. According to the average forecast, sales growth in current quarter could jump down -79.40%, 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 $128.5 million, representing a decrease of -72.90% 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 BHIL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BHIL currently trading nearly 3.38% and 6.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.37, while the 7-day volatility ratio is showing 16.21% which for the 30-day chart, stands at 16.05%. Furthermore, Benson Hill Inc (BHIL)’s beta value is 2.20, and its average true range (ATR) is 0.03.

A comparison of Benson Hill Inc (BHIL) with its peers suggests the former has fared considerably weaker in the market. BHIL showed an intraday change of -1.92% in last session, and over the past year, it shrunk by -81.36%%.

Data on historical trading for Benson Hill Inc (NYSE:BHIL) indicates that the trading volumes over the past 10 days have averaged 1.03 million and over the past 3 months, they’ve averaged 932.12K. According to company’s latest data on outstanding shares, there are 208.40 million shares outstanding.

Nearly 44.53% of Benson Hill Inc’s shares belong to company insiders and institutional investors own 28.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.98 million shares as on Mar 15, 2024, resulting in a short ratio of 10.8. According to the data, the short interest in Benson Hill Inc (BHIL) stood at 4.25% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.46 million. The stock has risen by 23.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BHIL stock heading into the next quarter.