Analysts Update Their Price Forecasts For Brooge Energy Limited (BROG)

Brooge Energy Limited (BROG) concluded trading on Wednesday at a closing price of $4.25, with 17.56 million shares of worth about $74.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 237.30% during that period and on Wednesday the price saw a gain of about 33.23%. Currently the company’s common shares owned by public are about 26.78M shares, out of which, 14.45M shares are available for trading.

Stock saw a price change of 172.44% in past 5 days and over the past one month there was a price change of 248.70%. Year-to-date (YTD), BROG shares are showing a performance of 170.70% which increased to 326.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.80 but also hit the highest price of $3.48 during that period. The average intraday trading volume for Brooge Energy Limited shares is 98.02K. The stock is currently trading 150.24% above its 20-day simple moving average (SMA20), while that difference is up 200.35% for SMA50 and it goes to 212.52% higher than SMA200.

Brooge Energy Limited (NASDAQ: BROG) currently have 26.78M outstanding shares and institutions hold larger chunk of about 7.42% of that.

The stock has a current market capitalization of $380.75M and its 3Y-monthly beta is at 0.36. PE ratio of stock for trailing 12 months is 85.86, while it has posted earnings per share of $0.05 in the same period. It has Quick Ratio of 0.08 while making debt-to-equity ratio of 3.99. 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 7.03% while standing at 9.96% over the month.

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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