Brighthouse Financial Inc (NASDAQ:BHF) shares, rose in value on Wednesday, May 07, with the stock price up by 1.78% to the previous day’s close as strong demand from buyers drove the stock to $58.41.
Actively observing the price movement in the last trading, the stock closed the session at $57.39. The PE ratio was 11.30 over 12-month period. Referring to stock’s 52-week performance, its high was $64.12, and the low was $40.00. On the whole, BHF has fluctuated by 22.12% over the past month.
With the market capitalization of Brighthouse Financial Inc currently standing at about $3.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BHF’s technical picture suggests that short-term indicators denote the stock is a Hold 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 3.05, with the price of BHF currently trading nearly 9.00% and 6.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.54, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 5.90%. Furthermore, Brighthouse Financial Inc (BHF)’s beta value is 0.94, and its average true range (ATR) is 2.66.
A comparison of Brighthouse Financial Inc (BHF) with its peers suggests the former has fared considerably weaker in the market. BHF showed an intraday change of 1.78% in last session, and over the past year, it grew by 19.23%%.
Data on historical trading for Brighthouse Financial Inc (NASDAQ:BHF) indicates that the trading volumes over the past 3 months, they’ve averaged 931.20K. According to company’s latest data on outstanding shares, there are 58.63 million shares outstanding.
Nearly 1.11% of Brighthouse Financial Inc’s shares belong to company insiders and institutional investors own 73.79% of the company’s shares. The stock has risen by 21.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BHF stock heading into the next quarter.
