The outlook and analysis of Brightcove Inc (BCOV)’s stock

A share price of Brightcove Inc [BCOV] is currently trading at $3.02, up 1.00%. 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 18.43% over the last week, with a monthly amount glided 31.88%, and 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 November 05, 2024, when Lake Street upgraded its rating to a Buy but kept the price target unchanged to $3.50 for it. Previously, Lake Street upgraded its rating to Buy on July 31, 2023. On February 13, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. Rosenblatt started tracking the stock assigning a Neutral rating and suggested a price target of $8 on September 09, 2022. Lake Street downgraded its rating to a Hold and reduced its price target to $9 on February 17, 2022. Northland Capital downgraded its rating to Market Perform for this stock on October 28, 2021, but kept the price target unchanged to $23.

Brightcove Inc experienced fluctuations in its stock price throughout the past year between $1.55 and $2.99. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Brightcove Inc [NASDAQ: BCOV] shares were valued at $3.02 at the most recent close of the market. An investor can expect a potential return of 15.89% based on the average BCOV price forecast.

Analyzing the BCOV fundamentals

Trailing Twelve Months sales for Brightcove Inc [NASDAQ:BCOV] were 199.83M which represents -2.02% decline. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.1 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 2.96 points at the first support level, and at 2.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.06, and for the 2nd resistance point, it is at 3.10.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Brightcove Inc [NASDAQ:BCOV] is 0.75. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.43.

Transactions by insiders

Recent insider trading involved Edenbrook Capital, LLC, 10% Owner, that happened on Oct 18 ’24 when 6562.0 shares were purchased. 10% Owner, Edenbrook Capital, LLC completed a deal on Oct 21 ’24 to buy 3500.0 shares. Meanwhile, 10% Owner Edenbrook Capital, LLC bought 1307.0 shares on Oct 22 ’24.

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