Beneficient (BENF): The stock long term indicators say Sell today

Beneficient (BENF) saw downtrend of -6.90% in the recent trading with $0.05 being its most recent. The current price level -99.67% lower than the highest price of $16.50 marked by the stock while trading over the past 52-weeks, whereas it is 0.37% higher than the lowest price of $0.05 the company dropped to over past 52-weeks. The latest news story on BENF appeared in (GlobeNewswire) under the title “Beneficient Enters into New Liquidity Transaction with ff Venture Capital”.

Squeezing the time span to 30 day period shows us the stock is currently trading -65.16% below one month high and is +0.37% above of the lowest during that time. Looking into the simple moving average, Beneficient (BENF)’s stock stands at a SMA-50 of $0.1840 while that of 5-day is reading $0.0624.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BENF’s SMA-200 as of now is $1.2652.

Beneficient Earnings – What Happened With BENF

Coming around sales and income figures on BENF Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

BENF – Beneficient Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 277.06 million. BENF does have institutional investors; and they hold 19.85% of the stock.

Beneficient – Insider Activity and Holdings

As on Dec 30, 2023, Hatteras Investment Partners, LP was the top most holder in Beneficient (NASDAQ:BENF) with an ownership of 48.05 million shares of the company or 18.63% of the stake worth $2.59 million. The filing also reveals Rivernorth Capital Management, LLC as the second largest holder in the company with a control over 0.96% of the outstanding shares. Its stake is worth $0.13 million for having 2.48 million shares in hand.

Vanguard Group Inc also came holding a key position in the company during the recent quarter and it now holds 0.38% of the outstanding shares. With this there are now 25 institutions which have possession in BENF’s shares.

Technical Analysis of Beneficient (NASDAQ:BENF) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Beneficient (BENF), we notice that the stock’s 20-day average volume is at 6,577,125 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 3,710,662 shares. And to end, BENF’s 100-day average volume is 1,944,807 shares with 100% of the long-term indicators pointing towards Sell for the stock.