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- 1 BRK.A stock price rose over 12% in its year-to-date price analysis.
- 2 Earlier next week, Berkshire Hathaway is going to report its Q2 2023 report.
Berkshire Hathaway Inc. (NYSE: BRK.A) may report its Q2 2023 earnings and revenue report on August 7, 2023. Since its last quarter report, BRK.A share price showed an upside-rising chart. With the upside trend, BRK.A share price marked its 52-week high at $536,563.00 this weekend.
Along with Berkshire Hathaway’s stock price, the similar industry (property/casualty insurance industry) stocks showed the least trading volume activity. Conifer Holdings Inc. (NASDAQ: CNFR), Hallmark Financial Services, Inc. (NASDAQ: HALL), and Global Indemnity Group LLC (NYSE: GBLI) were among the stocks that experienced the least trading volume.
Berkshire Hathaway Stock Price Analysis
By showing a 0.28% price gain, BRK.A stock price marked its closing at $533,113.00 on July 28, 2023, Friday’s trading session. With an upside push, BRK.A share price noted its 52-week high on Friday whereas the weekly gain was 1.28%, as per the data sourced from TradingView, a web-based social network for traders.
As the above chart shows, the RSI of BRK.A share price is nearing its overbought zone. However, in its recent trading session, bears have shown their activeness. Yet, the stock price continues its upside trend even after the increased activity of bears.
The analysts have set their price target at $576098.20, up by over 8% from the recent closing price of the BRK.A stock. Their maximum price estimate is at $607196.40 while the minimum estimate is at $545000.00.
Berkshire Hathaway Company Fundamental Update
Berkshire Hathaway Inc. Class A (NYSE: BRK.A), an American multinational conglomerate holding company, has a market cap of nearly $765.66 Billion. The holding company engages in the provision of property, casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services.
The holding company operates through multiple segments such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing.
On February 24, 2023, the holding company released its Q1 2023 report that states its net income in the quarter is $35.50 Billion. BRK.A price-to-sales ratio is 2.45 and the company has an Enterprise Value to EBITDA ratio of 15.62. BRK.A earnings per share is $5532.43 whereas the estimation was $5370.91 which accounts for a 3.01% surprise.
The revenue of Berkshire Hathaway for the same period amounts to $85.39 Billion despite the estimated figure of $83.38 Billion. For the upcoming quarter, the estimated EPS is $5575.67, and revenue is expected to reach $82.12 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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
