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- 1 With an upside trend, Berkshire Hathaway (BRK.A) stock price reached its 52-week high.
- 2 In the last 1-year, BRK.A stock price gained over 26% and achieved its highest price.
Berkshire Hathaway’s (NYSE: BRK.A) stock price finally obtained its 52-week high at $526,000.00 on July 12, 2023, Wednesday. The growing price chart of BRK.A stock showed a bullish surge with an undoubted bulls dominance. Notably, the stock has shown good growth in its trading volume since Berkshire Hathaway Inc. released its first quarter (Q1) 2023 report earlier in May 2023.
Although, in the last 1 month, BRK.A share price rose 2.67% while the year-to-date (YTD) price gain is over 11%.
BRK.A Stock Price Analysis
In yesterday’s trading session, by adding $4014.99 and 0.77% of price gain, BRK.A stock price closed at $525399.99. Although the opening price of the stock was $523,771.50, its high yesterday at $526,000.00, was also noted as its 52-week high.
Additionally, BRK.A share price dropped to its low of $522,315.00. From last week, the price gain in the share price of BRK.A was 1.43%, as per the data sourced from TradingView, a web-based social network for traders.
As seen in the above price chart, BRK.A share price has surpassed its 20-day moving average and showing a continuous upsurge. This bullishness drove its price upside while the increased trading volume also supported this upsurge. The RSI of BRK.A stock further started moving towards its overbought zone.
When Berkshire Hathaway Inc. released its Q1 2023 earnings and revenue reports, BRK.A share price was trading nearly at $497065.00, which now reached its recent closing price.
Moving towards the price target that analysts have set, the BRK.A stock is resting at $555108.70. It is up by over 5% from the recent closing price of the stock. Moreover, their maximum estimate is $565217.39 while the minimum estimate is $545000.00, as shown in the above chart.
The Fundamentals of Berkshire Hathaway Inc.
Berkshire Hathaway Inc., a multinational conglomerate company based in the U.S. has a market cap of nearly $750.45 Billion. On May 5, 2023, Berkshire Hathaway Inc. released its first quarter 2023 earnings and revenue report that states its net income of the first quarter is $35.50 Billion. Moreover, BRK.A price-to-sales ratio is 2.38 and Berkshire Hathaway Inc. has an Enterprise Value to EBITDA ratio of 15.32.
Its reported earnings per share (EPS) in Q1 2023 is $5532.43 while the estimation was $5370.91, which accounts for a 3.01% surprise. Additionally, the revenue for the same quarter amounts to $85.39 Billion whereas the estimate was $83.38 Billion. The estimated EPS for the upcoming quarter (Q2) 2023 is $5641.59, and revenue is expected to reach $82.27 Billion.
In the last year, the revenue of Berkshire Hathaway Inc. reached $302.09 Billion and most of which around $82.38 Billion came from its highest-performing source at the moment i.e. Insurance. Moreover, the U.S. made the greatest contribution to the company’s revenue figure last year. This contribution brought Berkshire Hathaway Inc. to $253.68 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
