Brookdale Senior Living Inc (NYSE: BKD): To Buy Or Not To Buy, That Is The Question

Brookdale Senior Living Inc (BKD) concluded trading on Thursday at a closing price of $7.20, with 3.03 million shares of worth about $21.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.73% during that period and on July 11, 2024 the price saw a gain of about 2.56%. Currently the company’s common shares owned by public are about 188.25M shares, out of which, 169.88M shares are available for trading.

Stock saw a price change of -2.17% in past 5 days and over the past one month there was a price change of 7.95%. Year-to-date (YTD), BKD shares are showing a performance of 23.71% which increased to 67.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.43 but also hit the highest price of $7.62 during that period. The average intraday trading volume for Brookdale Senior Living Inc shares is 1.76 million. The stock is currently trading 5.58% above its 20-day simple moving average (SMA20), while that difference is up 4.79% for SMA50 and it goes to 24.89% higher than SMA200.

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Brookdale Senior Living Inc (NYSE: BKD) currently have 188.25M outstanding shares and institutions hold larger chunk of about 99.07% of that.

The stock has a current market capitalization of $1.39B and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$0.77 in the same period. It has a debt-to-equity ratio of 12.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKD, volatility over the week remained 2.67% while standing at 2.80% over the month.

Stock’s fiscal year EPS is expected to rise by 30.95% while it is estimated to increase by 18.10% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 21.51% made by the stock over the past 5-years.

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 Macquarie on June 28, 2024 offering an Outperform rating for the stock and assigned a target price of $7.50 to it. Coverage by BofA Securities stated Brookdale Senior Living Inc (BKD) stock as a Neutral in their note to investors on December 15, 2023, suggesting a price target of $6 for the stock. On November 17, 2023, RBC Capital Mkts Upgrade their recommendations, while on January 17, 2023, Stifel Downgrade their ratings for the stock with a price target of $4. Stock get a Buy rating from Stifel on June 23, 2021.

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