Concrete Pumping Holdings Inc. (NASDAQ: BBCP) stock jumped 19.51% on Tuesday to $7.78 against a previous-day closing price of $6.51. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $7.90 whereas the lowest price it dropped to was $6.80. The 52-week range on BBCP shows that it touched its highest point at $8.30 and its lowest point at $4.64 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 0.96.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBCP was up-trending over the past week, with a rise of 24.08%, but this was up by 30.32% over a month. Three-month performance surged to 20.06% while six-month performance rose 24.88%. The stock lost -1.39% in the past year, while it has gained 32.99% so far this year. A look at the trailing 12-month EPS for BBCP yields 0.42 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.12. This implies an EPS growth rate of 73.70% for this year and 0.41% for next year.
Float and Shares Shorts:
At present, 54.01 million BBCP shares are outstanding with a float of 26.94 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.7 million, which was 1.24% higher than short shares on Sep 14, 2022. In addition to Mr. Bruce F. Young as the firm’s Pres, CEO & Director, Mr. Iain Humphries serves as its CFO, Sec. & Director.
Through their ownership of 63.64% of BBCP’s outstanding shares, institutional investors have majority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBCP since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBCP analysts setting a high price target of $11.00 and a low target of $7.50, the average target price over the next 12 months is $9.17. Based on these targets, BBCP could surge 41.39% to reach the target high and fall by -3.6% to reach the target low. Reaching the average price target will result in a growth of 17.87% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BBCP will report FY 2023 earnings on 01/10/2024. Analysts have provided yearly estimates in a range of $0.61 being high and $0.44 being low. For BBCP, this leads to a yearly average estimate of $0.50. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.05.
Summary of Insider Activity:
Insiders traded BBCP stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 39,753 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 0 while 97,911 shares were sold.