Beasley Broadcast Group, Inc. (NASDAQ:BBGI) shares are holding above their moving averages, indicating a postitive uptrend for Services company.
In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 15.64% away from its 50-day simple moving average and 32.78% away from the 200-day average. The price currently stands at $6.00.
An uptrend occurs when a stock makes trends higher due to consecutive higher highs and higher lows over a period of time. Each relative high is above the previous high while each relative low is higher than the previous low. An uptrend stays a trend until the series of higher highs and higher lows has ended. A downside movement of a rising trend line should be considered to be a sell signal, and is usually an indication that the uptrend will end soon. The uptrend is considered to be finished whenever a lower high or lower low is formed.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Beasley Broadcast Group, Inc. (NASDAQ:BBGI)‘s stock was 72.26%. 23.47% over the last quarter, and 30.02% for the past six months.
Over the past 50 days, Beasley Broadcast Group, Inc. stock was -2.60% off of the high and 26.32% removed from the low. Their 52-Week High and Low are noted here. -2.60% (High), 127.73%, (Low).
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 65.83 for Beasley Broadcast Group, Inc. (NASDAQ:BBGI).
Returns & Recommendation
The consensus analysts recommendation at this point stands at 3.00 on this stock. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The Street has a 1.50 target price on the shares for the next 12-18 months.
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