The stock of Berkshire Grey Inc. (NASDAQ:BGRY) last traded at $1.53, down -6.13% from the previous session.
Data from the available sources indicates that Berkshire Grey Inc. (NASDAQ:BGRY) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $5.00, we find $5.00. Given the previous closing price of $1.63, this indicates a potential upside of 206.75 percent. BGRY stock price is now -27.78% away from the 50-day moving average and -42.27% away from the 200-day moving average. The market capitalization of the company currently stands at $384.09M.
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In total, 1 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $5.33 as their price target over the next twelve months.
With the price target of $12, BofA Securities recently initiated with Buy rating for Berkshire Grey Inc. (NASDAQ: BGRY). On November 23, 2021, Credit Suisse Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $10, while ‘William Blair’ rates the stock as ‘Mkt Perform’.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BGRY stock. A new stake in Berkshire Grey Inc. shares was purchased by SVB WEALTH LLC during the first quarter worth $2,580,000. CONGRESS WEALTH MANAGEMENT LLC / DE / invested $988,000 in shares of BGRY during the first quarter. In the first quarter, NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in Berkshire Grey Inc. valued at approximately $368,000. SASSICAIA CAPITAL ADVISERS LLC acquired a new stake in BGRY for approximately $329,000. CONNORS INVESTOR SERVICES INC purchased a new stake in BGRY valued at around $95,000 in the second quarter. In total, there are 96 active investors with 84.40% ownership of the company’s stock.
With an opening price of $1.6100 on Monday morning, Berkshire Grey Inc. (NASDAQ: BGRY) set off the trading day. During the past 12 months, Berkshire Grey Inc. has had a low of $1.40 and a high of $7.37. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.20, and a quick ratio of 3.10. The fifty day moving average price for BGRY is $2.1140 and a two-hundred day moving average price translates $2.6363 for the stock.
The latest earnings results from Berkshire Grey Inc. (NASDAQ: BGRY) was released for Mar, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.13, inline with analysts’ expectations of -$0.13. This compares to -$1.40 EPS in the same period last year. The company reported revenue of $23.45 million for the quarter, compared to $4.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 420.72 percent. For the current quarter, analysts expect BGRY to generate $8.62M in revenue.
Berkshire Grey Inc.(BGRY) Company Profile
Berkshire Grey, Inc., an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company’s solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders. It serves retail, ecommerce, grocery, package handling, and third-party logistics markets. The company was founded in 2013 and is headquartered in Bedford, Massachusetts.
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