At the time of writing, Brand Engagement Network Inc [BNAI] stock is trading at $0.57, up 23.38%. 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 BNAI shares have gain 104.30% over the last week, with a monthly amount glided 96.55%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Brand Engagement Network Inc [NASDAQ: BNAI] stock has seen the most recent analyst activity on July 25, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $6.
For the past year, the stock price of Brand Engagement Network Inc fluctuated between $0.23 and $5.80. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Brand Engagement Network Inc [NASDAQ: BNAI] shares were valued at $0.57 at the most recent close of the market. An investor can expect a potential return of 952.63% based on the average BNAI price forecast.
Analyzing the BNAI fundamentals
According to Brand Engagement Network Inc [NASDAQ:BNAI], the company’s sales were 0.06M for trailing twelve months, which represents an -79.92% plunge. Gross Profit Margin for this corporation currently stands at -7.01% with Operating Profit Margin at -365.21%, Pretax Profit Margin comes in at -337.86%, and Net Profit Margin reading is -337.86%. To continue investigating profitability, this company’s Return on Assets is posted at -1.86, Equity is -2.19 and Total Capital is -9.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
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 0.4480 points at the first support level, and at 0.3261 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7239, and for the 2nd resistance point, it is at 0.8779.
Ratios To Look Out For
It is important to note that Brand Engagement Network Inc [NASDAQ:BNAI] has a current ratio of 0.13. Further, the Quick Ratio stands at 0.13, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 408.33, the price to book ratio is 7.40.
