Barfresh Food Group (NASDAQ:BRFH) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Barfresh Food Group's stock price has surpassed its 200-day moving average of $2.94, recently trading at $3.75 after hitting a high of $4.01.
• Analysts from Maxim Group have raised their price target for Barfresh from $5.00 to $6.00, maintaining a "buy" rating for the stock.
• The company reported a revenue of $1.63 million, missing analyst expectations of $2.14 million, alongside negative earnings per share of ($0.06) for the last quarter.

Barfresh Food Group Inc. (NASDAQ:BRFH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.94 and traded as high as $4.01. Barfresh Food Group shares last traded at $3.75, with a volume of 10,551 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised their price objective on Barfresh Food Group from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Barfresh Food Group presently has a consensus rating of "Buy" and a consensus price target of $6.00.

Barfresh Food Group Trading Down 4.3%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.97. The firm has a 50 day simple moving average of $3.07 and a two-hundred day simple moving average of $2.94. The firm has a market capitalization of $59.78 million, a P/E ratio of -18.75 and a beta of 1.07.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Barfresh Food Group had a negative return on equity of 176.38% and a negative net margin of 27.38%.The firm had revenue of $1.63 million during the quarter, compared to analyst estimates of $2.14 million. Barfresh Food Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Barfresh Food Group Inc. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC grew its holdings in shares of Barfresh Food Group Inc. (NASDAQ:BRFH - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,255 shares of the company's stock after purchasing an additional 26,316 shares during the quarter. HighTower Advisors LLC owned approximately 0.98% of Barfresh Food Group worth $477,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.66% of the company's stock.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.

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