BrightView Holdings Inc (NYSE:BV) price on Friday, May 23, rose 0.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $15.98.
A look at the stock’s price movement, the close in the last trading session was $15.95. Turning to its 52-week performance, $18.89 and $11.81 were the 52-week high and 52-week low respectively. Overall, BV moved 16.39% over the past month.
BrightView Holdings Inc’s market cap currently stands at around $1.52 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 764.4M for the company’s revenue for the quarter, with a low and high estimate of 753.86M and 772.25M respectively. The average forecast suggests up to a 3.46% 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 2.78B, representing a 0.58% 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 BV is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 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, 0 recommend BV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BV’s current price about 3.74% and 13.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.58, while 7-day volatility ratio is 1.01% and 2.29% in the 30-day chart. Further, BrightView Holdings Inc (BV) has a beta value of 1.27, and an average true range (ATR) of 0.47. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $8 and high of $20. Looking at the price targets, the low is 49.94% off current price level while to achieve the yearly target high, price needs to move -25.16%. Nonetheless, investors will most likely welcome a -6.38% jump to $17 which is the analysts’ median price.
If we refocus on BrightView Holdings Inc (NYSE:BV), historical trading data shows that trading volumes averaged 666.09K over the past 3 months. The company’s latest data on shares outstanding shows there are 95.50 million shares.
The 37.79% of BrightView Holdings Inc’s shares are in the hands of company insiders while institutional holders own 65.66% of the company’s shares. Current price change has pushed the stock -0.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BV stock continues to rise going into the next quarter.
