Taking on analysts’ expectations and winning: Bon Natural Life Limited (BON)

Bon Natural Life Limited (NASDAQ: BON) stock fell -9.96% on Monday to $0.45 against a previous-day closing price of $0.50. With 78740.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.12 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $0.5200 whereas the lowest price it dropped to was $0.4501. The 52-week range on BON shows that it touched its highest point at $2.58 and its lowest point at $0.50 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at -1.73.

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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 BON was down-trending over the past week, with a drop of -16.80%, but this was down by -20.93% over a month. Three-month performance dropped to -29.65% while six-month performance fell -70.19%. The stock lost -78.86% in the past year, while it has lost -57.42% so far this year.

Float and Shares Shorts:

At present, 8.92 million BON shares are outstanding with a float of 6.35 million shares on hand for trading. On Aug 30, 2023, short shares totaled 53780.0, which was 0.48% higher than short shares on Jul 30, 2023. In addition to Mr. Yongwei Hu as the firm’s Chairman & CEO, Ms. Yingchun Xue serves as its COO & Non-Independent Director.

Institutional Ownership:

Through their ownership of 0.97% of BON’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.75% of BON, in contrast to 0.04% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BON with 0.30% of the stake, Millennium Management LLC holds 33,185 shares worth 33,185. A second-largest stockholder of BON, Virtu Financial BD LLC, holds 30,600 shares, controlling over 0.28% of the firm’s shares. G1 Execution Services LLC is the third largest shareholder in BON, holding 14,493 shares or 0.13% stake. With a 0.04% stake in BON, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 4,398 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BON since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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