On the weekend, BRC Inc. (NYSE: BRCC) showed a strong price trend momentum in its price. Expecting a short signal. 66.67% profitability is based on 3 trades at which the profit factor is 10.39.
According to Bloomberg, two of the research analysts suggested a hold recommendation for BRCC stock, on the other hand three have assigned a buy rating. However, the revised average one-year price objective for BRCC stock by many of the brokerages is at $12.67.
BRCC Price Objective as per Research Firms
In recent times, as BRCC gained the attention of research firms, including Citigroup that increased its price objective on BRC to $11.00, as stated in a research note that was made public on Monday, August 15 2022. On the other hand, Deutsche Bank Aktiengesellschaft lowered its price objective on BRC shares in a research report published on Friday, November 11, 2022.
Moving towards next, DA Davidson has set its price objective on BRC shares has dropped from $19.00 to $15.00, as stated in a report published on Friday, November 11, 2022.
Truist Financial also made it public on November 16, 2022 in a research note that the company had lowered its price target for BRC shares to $10.00. On August 23, 2022 Tigress Financial gave the business a “buy” rating and increased their target price on BRC shares from $17.00 to $19.00.
On December 2nd, 2022, the BRCC stock closed at the price of 6.37 USD and holds the market cap of 1.35 Billion. The stock performed in between its day range of 5.99 USD to 6.44 USD. While its 52-weeks low was at 5.82 USD and high at 34.00 USD, according to the data sourced from Tradingview.
Additionally, BRCC reported a Q3 loss on November 10, 2022 of $0.08 per diluted share. At where the firm did not show year-ago figures as it went public in February.
However, the net revenue for the quarter ended on September 30, 2022 was $75.5 Million which is up from $60.1 Million a year ago.
BRC Inc. expected that Q4 revenue will be in between $90 Million and $95 Million.
BRC. Inc. is a Roasted Coffee company, founded in 2014. The company engages in the business of sourcing, processing, manufacturing, packaging, distributing, marketing and selling coffee and other food and beverage products. It was founded by Evan Hafer and Mat Best in 2014 and is headquartered in Salt Lake City, UT.
After opening the market, it will become more clear for the investors who hold their position on the stock whether their holding is really worth or not.