BARK Inc (NYSE:BARK) price on Friday, May 23, rose 0.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.21.
A look at the stock’s price movement, the close in the last trading session was $1.20. Turning to its 52-week performance, $2.56 and $1.09 were the 52-week high and 52-week low respectively. Overall, BARK moved 0.00% over the past month.
BARK Inc’s market cap currently stands at around $211.65 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 126.74M for the company’s revenue for the quarter, with a low and high estimate of 122.7M and 131M respectively. The average forecast suggests up to a 4.33% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 495.58M, representing a 1.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BARK is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend BARK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BARK’s current price about 0.75% and -5.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.27, while 7-day volatility ratio is 2.95% and 3.10% in the 30-day chart. Further, BARK Inc (BARK) has a beta value of 1.99, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -147.93% off current price level while to achieve the yearly target high, price needs to move -147.93%. Nonetheless, investors will most likely welcome a -147.93% jump to $3 which is the analysts’ median price.
If we refocus on BARK Inc (NYSE:BARK), historical trading data shows that trading volumes averaged 745.99K over the past 3 months. The company’s latest data on shares outstanding shows there are 174.10 million shares.
The 40.04% of BARK Inc’s shares are in the hands of company insiders while institutional holders own 26.52% of the company’s shares. Current price change has pushed the stock -34.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BARK stock continues to rise going into the next quarter.
