This is What Makes Brightcove Inc Stocks A Gamechanger?

A share price of Brightcove Inc [BCOV] is currently trading at $2.11, up 2.43%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BCOV shares have gain 2.93% over the last week, with a monthly amount drifted -9.44%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Brightcove Inc [NASDAQ: BCOV] stock has seen the most recent analyst activity on July 31, 2023, when Lake Street upgraded its rating to a Buy. Previously, Rosenblatt upgraded its rating to Buy on February 13, 2023, and elevated its price target to $10. On September 09, 2022, Rosenblatt initiated with a Neutral rating and assigned a price target of $8 on the stock. Lake Street downgraded its rating to a Hold and decreased its price target to $9 on February 17, 2022. Northland Capital downgraded its rating to a Market Perform but $23 remained the price target by the analyst firm on October 28, 2021. In a note dated October 14, 2020, Colliers Securities reiterated an Buy rating on this stock and boosted its target price from $12 to $16.

Brightcove Inc experienced fluctuations in its stock price throughout the past year between $1.55 and $3.37. Brightcove Inc [NASDAQ: BCOV] shares were valued at $2.11 at the most recent close of the market.

Analyzing the BCOV fundamentals

Trailing Twelve Months sales for Brightcove Inc [NASDAQ:BCOV] were 200.86M which represents -3.41% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.09 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.05 points at the first support level, and at 2.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.18, and for the 2nd resistance point, it is at 2.25.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Brightcove Inc [NASDAQ:BCOV] is 0.73. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 1.00.

Transactions by insiders

Recent insider trading involved Edenbrook Capital, LLC, 10% Owner, that happened on Sep 19 ’24 when 2901.0 shares were purchased. 10% Owner, Edenbrook Capital, LLC completed a deal on Sep 18 ’24 to buy 2096.0 shares. Meanwhile, 10% Owner Edenbrook Capital, LLC bought 5003.0 shares on Sep 12 ’24.

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