Following The Money: Institution’s Growing Stake In Brooge Energy Limited (NASDAQ: BROG)

Brooge Energy Limited (BROG) concluded trading on Wednesday at a closing price of $1.89, with 27.06 million shares of worth about $51.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -64.74% during that period and on April 3, 2024 the price saw a loss of about -16.74%. Currently the company’s common shares owned by public are about 88.04M shares, out of which, 12.66M shares are available for trading.

Stock saw a price change of -15.25% in past 5 days and over the past one month there was a price change of -29.74%. Year-to-date (YTD), BROG shares are showing a performance of -48.64% which decreased to -67.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.59 but also hit the highest price of $6.24 during that period. The average intraday trading volume for Brooge Energy Limited shares is 13.78K. The stock is currently trading -16.45% below its 20-day simple moving average (SMA20), while that difference is down -22.82% for SMA50 and it goes to -54.70% lower than SMA200.

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Brooge Energy Limited (NASDAQ: BROG) currently have 88.04M outstanding shares and institutions hold larger chunk of about 8.77% of that.

The stock has a current market capitalization of $166.40M and its 3Y-monthly beta is at -0.37. It has Quick Ratio of 0.11 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BROG, volatility over the week remained 54.96% while standing at 15.95% over the month.

Analysts are in expectations that Brooge Energy Limited (BROG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on August 11, 2020 offering an Outperform rating for the stock and assigned a target price of $13 to it.

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