BRCC Stock Forecast: Will a lack of financials put pressure on the stock price?

BRCC Stock Forecast: Will a lack of financials put pressure on the stock price?

BRCC Stock Forecast: Short-term recommendation is to hold the position

2 ANALYSTS

BRCC Stock Forecast: Latest Price

BRCC Stock Forecast: Momentum Summary

IndicatorsTrend
Stock PriceHigher
VolumeNA
Performance vs NASDAQHigher
TechnicalBuy
Social SentimentNegative

BRCC Stock Forecast: Support and Resistance

SourceSupportResistanceRecommendation
Investing$ 15.8 (S3)$ 21.5 (R1)Buy
Barchart$ 13.6 (S3)$ 21.0 (R1)N/A

BRCC Stock Forecast: CrowdWisdom360-Insights

  • Recently, Silverbox Engaged Merger Corp concluded a merger with the company. Silverbox’s ticker changed to BRCC as a result. The stock of BRCC has increased steadily since the transaction. The combined business was valued roughly  $1.7 billion after the transaction.
  • Strong buyer demand brought the stock price to $16.23, down -1.34 percent from the previous day’s close. The bottom line for BRCC stock is that it has a lot of potential for growth but, there is a lack of financials.
  • Although the $1.7 billion valuation appears to be a little high, it is best to wait for full-year results before drawing any conclusions. The short-term recommendation is to Hold this stock

BRCC Stock Forecast: Latest Video

YouTube video

BRCC Stock Forecast: Recent Merger and Listing

Last November, Black Rifle Coffee Company announced a merger with Silver Box Engaged Merger Corporation via a Special Purpose Acquisition Company to raise funds for expansion and go public. The CEO, Evan Hafer, said that the listing would help the company to expand its charitable work for military veterans.

Silver Box Engaged Merger Corp, being traded over Nasdaq as SBEA, is a Special Purpose Acquisition Company (SPAC) which had been formed and sponsored SilverBox Capital LLC and Engaged Capital LLC., concluded its $345 million IPO last year in March.

On Feb. 3rd, SBEA declared the completion of its business merger with Authentic Brands LLC, the parent company of Black Rifle Coffee Company. The business combination aims to deliver BRCC with approximately $150M in cash to sustain the enactment of its digital-first, omnichannel approach and continued rapid growth.

The company has been very active in supporting military veterans and working for social causes through its various initiatives. More than 30% of the company’s employees are veterans of the American military forces.

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BRCC Stock Forecast