Black Ridge Acquisition Corp. (BRAC) Stock: A Good Pick In The Service Sector?

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Black Ridge Acquisition Corp. (BRAC) is trending down in the market in today’s trading session. The stock, focused on the service sector, is presently priced at $4.45 after heading down -24.70% so far in today’s session. When it comes to service stocks, there are quite a few aspects that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around BRAC:

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Aug-09-19 06:00PM Black Ridge Acquisition Corp. Announces Closing of its Business Combination with Allied Esports and WPT
Aug-06-19 09:00AM Black Ridge Acquisition Corp. Provides Update on Business Combination
Jul-17-19 01:22PM Black Ridge Acquisition Corp. Announces Intention to Further Adjourn Special Meeting of Stockholders Relating to Proposed Business Combination
Jul-05-19 05:35PM Black Ridge Acquisition Corp. Announces Intention to Further Adjourn Special Meeting of Stockholders Relating to Proposed Business Combination to Allow for Extension Vote
Jun-28-19 01:00PM WPT® to Broadcast With Local Spanish-speaking Celebrities in Latin America Starting July 12 to Air on TV Azteca and Launch Social Poker Game WPTGO to Massive Latin American Audience

Nonetheless, any time investors are making an investing decision, prospective investors should focus on much more than news, this is especially the case in the ever complex service industry. Here’s what’s happing when it comes to Black Ridge Acquisition Corp..

How BRAC Has Been Trending

While a decline in a single session, like the move that we’re seeing from Black Ridge Acquisition Corp. might cause fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to look at trends further out than a single trading day. As it relates to BRAC, below are the returns that investors have seen:

  • Past 7 Days – Throughout the last 5 trading sessions, BRAC has generated a change in price that amounts to -56.75%.
  • Past 30 Days – The monthly returns from Black Ridge Acquisition Corp. has been -56.80%.
  • Past Three Months – In the past 3 months, the stock has produced a return on investment that comes to -56.58%
  • Past 6 Months – In the previous six months, we have seen a performance of -55.81% from the stock.
  • Year To Date – Since the close of last year BRAC has resulted in a return of -55.68%.
  • Annually – Finally, over the last full year, we’ve seen movement amounting to -53.98% out of BRAC. In this period, the stock has traded at a high of -63.25% and a low price of -20.82%.

Ratios Of Note

Looking at a few key ratios associated with a stock can provide investors a view of just how dangerous and/or rewarding a pick may be. Below are some of the most important ratios to think about when digging into BRAC.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the short ratio climbs, it shows that more investors are expecting that the stock is headed for declines. Throughout the sector, strong service sector stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, in relation to Black Ridge Acquisition Corp., the stock’s short ratio amounts to 2.28.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure the company’s abilities to pay its debts as they mature using quick assets or current assets. do have positive quick and current ratios. When it comes to BRAC, the quick and current ratios total up to 0 and 0 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In the case of Black Ridge Acquisition Corp., the book to share value ratio is 1.13.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 0.

Is Big Money Interested in Black Ridge Acquisition Corp.?

One thing I have learned so far in my brief period as an intelligence is that smart money tends to follow big money players. So, investors that want to play it relatively safe will keep an eye on moves made by institutional investors and those on the inside. With that said, is big money flowing as it relates to BRAC? Here’s what’s going on:

Institutions own 62.23% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 22.01% percent of BRAC shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions Of Black Ridge Acquisition Corp.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own thoughts when it comes to making investment decisions in the service sector. Below you’ll find the recent moves that we have seen from analysts with regard to BRAC.

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Earnings

What have ween seen from BRAC in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts expect that the company will report EPS of 0, with 0 being announced in the next financial report. Although this is not earnings driven, because we’re chatting about analysts, BRAC is presently graded as a 0 when rated on a scale from 1 to 5 where 1 is the poorest Wall Street analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, Black Ridge Acquisition Corp. has reported a movement in sales volume that comes to a total of 0. Earnings through the past half decade have generated a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is commonly referred to as in the human world, Black Ridge Acquisition Corp. has created a change in earnings that comes to a total of 41.60%. Black Ridge Acquisition Corp. has also seen a change in regard to sales volume that amounts to 0.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 17.70M shares of Black Ridge Acquisition Corp. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, BRAC has a float of 0.54M.

I also like to look at the short percentage of the float. After all, if a high portion of the float is shorted, the overall feeling among investors is that the equity is going to fall hard. When it comes to BRAC, the percentage of the float that is sold short comes to a total of 21.82%. In general, concerning short percent of the float is anything over 40%. Nonetheless, I’ve found that anything over 26% is generally a risky play.

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