On Friday, Barnwell Industries Inc. [AMEX:BRN] has a current price of $1.02, coming out to a daily percentage change of 10.87% with a 52-week range of $0.30 – $2.68.
Other data for the company is as follows:
- Stochastic %K of 23.57
- Weighted Alpha of 44.7
Daily swings are between $0.87 and $1.17.
The Price is right
Holding a Market Cap of $7.60 million, Barnwell Industries Inc. has seen a trading range over the last year of $0.30-$2.68.
For the last five days, BRN is up from its last closing price. The average shares trading hands each day is 340.50K, with average 10-day volume coming in at 0.41 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BRN. When we apply the Elder Force Index to Barnwell Industries Inc., we are seeing an Elder Force Indicator number of 124065.4.
The company’s enterprise value has gone from $4.36M to $3.07M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, BRN made a profit of 1.04 million. Barnwell Industries Inc. also saw quarter revenue growth year over year of 27.13%. In addition, the company has operating cash flow of $30000.0.
Looking at popular technical indicators, the company’s 5-day moving average is 0.8880 compared to the 50-day moving average of 0.7960. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BRN currently holds a 9-day RSI of 75.42%, while 100-day RSI stands at 52.36%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BRN’s 9-day MACD is 0.0545 and the company’s 100-day MACD stands at 0.0927.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 54.17% by insiders and 267.32% by institutions. Regarding institutional holdings, Renaissance Technologies, LLC owns 2.63%, while the second top holder, Blackrock Inc., currently owns 0.99%.
Over the last six months, insiders have bought 10,000 with the most recent transaction from Barnwell James S III, Director, with a purchase at price 1.10 per share.
Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.