On Wednesday, a volume of options contracts for Berkshire Grey, INC (NASDAQ: BGRY) that was significantly above average was traded.
The total number of put options on the company purchased by market investors was 1,113.
This represents an increase of 1,084% when compared to the typical volume of 94 put options that are traded.
The most recent earnings report for Berkshire Grey, which can be found on the NASDAQ under the ticker symbol BGRY, was released on November 14, the most recent trading day.
The company disclosed a loss for the period of $0.11 per share, which is $0.03 less than the consensus estimate of $0.14 per share.
The actual amount for the quarter was $23.60 million, which is significantly lower than the widely held assumption that the company would bring in $25.37 million in sales for the quarter.
In their financial statements, Berkshire Grey revealed a negative return on equity of 108.29% and a negative net margin of 152.21%.
According to observers of the equity market, the current fiscal year is expected to end with a loss of $0.48 per share for Berkshire Grey.
In a research note concerning Berkshire Grey published on Thursday, November 17, Craig Hallum disclosed a decrease in their price target, bringing it down to $2.50.
When trading started on Thursday, the price of a share of BGRY stock was $1.80.
The price of Berkshire Grey hit a low of $0.51 during the trailing 52 weeks, while it reached a high of $4.12 during that same period.
The company has a price-to-earnings ratio of -3.67 and a beta value of 1.87.
The market capitalization of the company is currently sitting at $430.29 million.
The current trading price of the company’s stock is $0.92 lower than its 50-day simple moving average and $1.45 higher than its 200-day simple moving average. Zero is the debt-to-equity ratio, three is the quick ratio, three is the current ratio, and three is the ratio of current assets to current liabilities.
All of these ratios are the same.
The percentage of stocks that hedge funds and other types of institutional investors hold in their portfolios has been a topic of discussion among many of these investors in recent months.
The value of Vanguard Group INC’s holdings in Berkshire Grey increased by 8.4 percentage points over the third quarter.
After purchasing an additional 220,034 shares during the most recent quarter, Vanguard Group INC now has a total of 2,828,600 shares of the company, which gives the holding a value of $4,809,000.
This brings the total number of shares owned by the company to 2,828,600.
BlackRock INC raised its stake in Berkshire Grey by one percentage point during the third quarter.
BlackRock INC now has a total of 2,356,711 shares of the company’s stock, which are worth a combined total of $4,006,000 after the company made an additional purchase of 81,726 shares during the preceding quarter. SVB Wealth LLC invested approximately $2,445,000 during the second quarter to acquire a larger stake in Berkshire Grey.
This was done to expand the company’s ownership.
Millennium Management LLC successfully achieved a 134.6% increase in the size of its holdings in Berkshire Grey over the second quarter.
Millennium Management LLC has 1,262,271 shares following purchasing an additional 724,199 shares during the preceding quarter.
Each share has an intrinsic value of $1.830,000.
In the third quarter, Brandywine Global Investment Management LLC increased its holdings in Berkshire Grey by purchasing additional shares for approximately $2,082,000 to add to its existing holdings.
The majority of the company’s stock is held by institutional investors and hedge funds to the tune of 80.99%.
Berkshire Grey, INC, a company specializing in intelligent enterprise robotics, provides automation solutions for supply chain activities.
Berkshire Grey is responsible for providing these solutions for supply chain activities in the United States and Japan.
This company’s products automate the process of fulfilling e-commerce orders placed by customers or businesses, replenishing grocery stores and retail outlets, and managing parcels that are sent out to complete those orders.
In addition, the company’s products automate the restocking of grocery stores and retail outlets.