Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) is in the list of top stocks to trade today as the company shares are trading 3.06% or 0.14 points up from last closing price of $4.58, reaching $4.7201 at last check. The BBCP share price has risen in 4 of the last 5 days and is up 7.01% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -7,548 shares, and in total 109152 shares valued at $515208 were seen changing hands compared with 116700 shares valued at $534486 recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in BBCP stock for the next couple of days.
Concrete Pumping Holdings, Inc. (BBCP) shares have notched a 3-month gain of about 7.01%, but has still tumbled -44.35% year to date. By comparison, the stock sank -55.45% over the past 12 months, while it jumped 37.95% over the 1 month. The company’s market cap is around $255.2M, with its short interest ratio standing at 5.82%.
In the current trading session for BBCP, the stock witnessed two major price actions, it rose to a high of $4.76 and was down as much as $4.535 at one point. The high recorded is very low when compared to their 52-week high which is $3.16. The 52-week high is now at -69.44 distance from current price. Their recent low of $15.25 represents a 47.48% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for BBCP is $7.67, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Concrete Pumping Holdings, Inc. earned $-1.25 per share in the trailing 12 months and has a P/E ratio of -3.78. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 26.59 and lower compared to the sector’s average of 30.24. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. BBCP also has P/S multiple of 0.99. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.33x.
BBCP‘s last price was down -12.12% as compared to the average trading price of 50 days recorded at $5.37 while enlarging the period to 200 trading days, the average closing price was $3.71. At present, there are 55.72 million in the total number of common shares owned by the public and among those 7.5 million shares have been available to trade. The percentage of shares being held by the company management was 45.82% while institutions stake was 53.4%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the BBCP stock, there is another set of technicals that should be looked into and considered. Its 24.82% gain from moving average of $3.78 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Concrete Pumping Holdings, Inc. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $7.08 on shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP), which corresponds to 48.69% upside potential than its current market price of $4.7201 and implies potential despite the recent advance in the price. However, their current target price has fallen from $8.33 a month ago and is down handily from the consensus target of $8.33 a quarter ago.
Let’s briefly check the hedge fund interest towards BBCP stock. Bluefin Trading LLC trimmed position in the company after it dumped -28.8% or 96,132 shares of its common stock. The hedge fund now owns 68,446 shares worth $323,072, SEC documents show. California State Teachers Retirement System shored up assets in the stock as 17103.07 shares have been purchased, increasing its stake by 46.5% to 25,056 shares which are currently valued at $118,267. In addition, State Street Corp recently reported that it now owns 197,546 shares making a total of $932,437 based on the recent price. This refelects a change of 103% in their ownership.