An interesting stock that came up in some of our conversations today is Chanticleer Holdings, Inc. (NASDAQ:BURG). At current price of $1.19, the shares have already lost -0.06 points (-4.81% lower) from its previous close of $1.25. Should you buy or avoid them? The stock sets an active trading volume day with a reported 134925 contracts so far this session. BURG shares had a relatively better volume day versus average trading capacity of 275.23 thousand shares, but with a 3.25 million float and a -24.7% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BURG stock indicates that the average analyst price target is $3 per share. This means the stock has a potential increase of 152.1% from where the BURG share price has been trading recently which is between $1.25 and $1.34. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $3.5.
The shorts are climbing into Chanticleer Holdings, Inc. (BURG) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in BURG shares. While short interest still represents only 0.66% of BURG’s float, the number of shares shorted have risen by 7378. The number of shares shorted advanced to 28865 shares, up from 21487 shares during the preceding fortnight. With average daily trading volumes at 13847 shares, days to cover increased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Chanticleer Holdings Reports Operating Results for the Quarter Ended March 31, 2019” and dated May 15, 2019.
During the recent trading session for Chanticleer Holdings, Inc. (NASDAQ:BURG), the company witnessed their stock drop by $-0.21 over a week and tumble down $-0.42 from the price 20 days ago. When compared to their established 52-week high of $3.7, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/05/18. The recent low of $1.07 stood for a -67.83% since 05/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.59 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Chanticleer Holdings, Inc., the two-week RSI stands at 35.77. This figure suggests that BURG stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current BURG readings is similarly very revealing as it has a stochastic reading of 5.46% at this stage. This figure means that BURG share price today is being overbought.
Technical chart claims that Chanticleer Holdings, Inc. (BURG) would settle between $1.31/share to $1.37/share level. However, if the stock price goes below the $1.22 mark, then the market for Chanticleer Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.19 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.18. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
BURG equity has an average rating of 1.5, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Chanticleer Holdings, Inc. (NASDAQ:BURG) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, BURG stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.11 while for the average stock in the same group, the multiple is 2.9.
Chanticleer Holdings, Inc. (BURG)’s current-quarter revenues are projected to climb by nearly 7.36% to hit $11.17 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 8.03% from $40.61 million to a noteworthy $43.88 million. At the other end of the current quarter income statement, Chanticleer Holdings, Inc. is expected to see its adjusted earnings surge by roughly -13.04% to hit $-0.26 per share. For the fiscal year, BURG’s earnings are projected to climb by roughly 15.86% to hit $-1.22 per share.