Berry Global Group Inc (NYSE:BERY) shares, rose in value, with the stock price up by 0.15% to the previous day’s close as strong demand from buyers drove the stock to $59.09.
Actively observing the price movement in the last trading, the stock closed the session at $59.00. The PE ratio was 12.71 over 12-month period. Referring to stock’s 52-week performance, its high was $69.93, and the low was $53.83. On the whole, BERY has fluctuated by -0.97% over the past month.
The company’s Forward Dividend Ratio is 1.05, with its dividend yield at 1.78%. 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 $1.93, which is expected to increase to $2.27 for fiscal year $7.5 and then to about $8.31 by fiscal year 2025. Data indicates that the EPS growth is expected to be 1.10% in 2025, while the next year’s EPS growth is forecast to be 10.80%.
Analysts have estimated the company’s revenue for the quarter at $3.15 billion, with a low estimate of $3.06 billion and a high estimate of $3.27 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.47 billion, representing a decrease of -1.50% 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 BERY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% 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 1.34, with the price of BERY currently trading nearly -1.03% and -2.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.09, while the 7-day volatility ratio is showing 2.11% which for the 30-day chart, stands at 1.90%. Furthermore, Berry Global Group Inc (BERY)’s beta value is 1.23, and its average true range (ATR) is 1.19.
A comparison of Berry Global Group Inc (BERY) with its peers suggests the former has fared considerably weaker in the market. BERY showed an intraday change of 0.15% in last session, and over the past year, it grew by 2.87%%.
Data on historical trading for Berry Global Group Inc (NYSE:BERY) indicates that the trading volumes over the past 10 days have averaged 0.94 million and over the past 3 months, they’ve averaged 1.22 million. According to company’s latest data on outstanding shares, there are 115.90 million shares outstanding.
Nearly 0.32% of Berry Global Group Inc’s shares belong to company insiders and institutional investors own 96.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.43 million shares as on Mar 15, 2024, resulting in a short ratio of 2.53. According to the data, the short interest in Berry Global Group Inc (BERY) stood at 2.96% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.44 million. The stock has fallen by -12.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BERY stock heading into the next quarter.
