Benefitfocus Inc. (NASDAQ:BNFT) currently has a daily average trading volume of 723.64K but it saw 265709 shares traded on Wednesday. With a market cap of 356.86M USD, stock’s current market price of $10.38 came rising about 0.10 while comparing to the previous closing price of $10.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.06 and as low as $5.68. In the recent trading on the day, stock has struck highest price mark of $10.40 while lowest mark touched by it was $10.37.
Taking a look at 20-day trading activity of Benefitfocus Inc. (BNFT) gives us an average price of $9.68, while its current price level is -20.49% below from 52-week high level whereas it is 82.59% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.65 while that of 200 days or SMA-200 reads an average of $8.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.29% during that period while stretching the period over a month that increases to 1.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 85.37 which implies that the stock is in overbought territory.
Piper Sandler also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $16 and $9.
Over the week, BNFT’s stock price is moving 0.19% up while it is 65.02% when we observe its performance for the past one month.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.1 beat the consensus estimate of -$0.16 for the same. The company is expected to be releasing its next quarterly report in 02/28/2023, for which analysts forecasted an EPS of -$0.14 while estimate for next year EPS is $0.14. For BNFT, analysts are forecasting an EPS-growth rate of 300.00% for current year and estimate for EPS growth in next year is 85.70%. In next quarter, company is expected to be making quarterly sales of $78.67 million as analysts are expecting the sales for current fiscal year at $252.52 million and seeing the company making $256.88 million in sales next year. Moreover, analysts are in estimates of $56.04 million for current-quarter revenue.
Currently, Benefitfocus Inc.’s total number of outstanding shares is 34.28M with 9.83% of that held by the insiders while 83.97% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.10% and return on equity (ROE) at 26.70%. It has a 39.92 of forward P/E ratio. Stock’s beta reads 1.67. Stock has a price to sale or P/S ratio amounts to 1.43. Its return on asset (ROA) is -10.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Needham Small Cap Growth Fund came shrinking its share ownership by 0.47% in the Benefitfocus Inc. (BNFT) increasing its stake to 3.48% with control over 5572.0 shares in the company. As per SEC documents, Needham Small Cap Growth Fund sought 1,190,000 of company’s common stock of worth $8.39 million as per recent closing price of the stock. Needham Small Cap Growth Fund is not the only institutional holder which restructured its stake in Benefitfocus Inc., as Vanguard Total Stock Market Index picked 950,828 shares of worth $6.7 million to bring its holdings to a total of 54100.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.81% in the company and now holds 0.54 million or 1.59% of the company’s stake having worth of about 3.84 million.