Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BRCC stock price has been following a bearish market trend for quite a long time.</a> </li> 
 <li> <span>2</span> <a>BRC Inc. (NYSE: BRCC) stock marked its 52-week low at $3.91 earlier this month.</a> </li> 
</ul> 
<p>BRCC stock price has been following a downward trend since the beginning of this year. This eventually caused over 33% price decline in year-to-date (YTD) price analysis. The bearish market trend still stayed in BRCC share price which overall affected its price with the bearish market trend.</p> 
<h2 class="wp-block-heading" id="strong-will-brcc-stock-fall-more-strong"><strong>Will BRCC Stock Fall More?</strong></h2> 
<p>On August 24, 2023, Thursday, BRCC stock price closed at $4.12, with a 0.72% price decline in one day of trading. The opening price during the trading session was $4.13 whereas the trading range was $4.14 to $4.04.</p> 
<p>As the BRC stock price has been following a bearish trend for quite a long time, it may become quite tough to change its previous path. This bearish trend has also caused its share price to drop down from its 20-day EMA.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/JWdHVmo6qkO4wOb0FUDhb7zt9Uly8ghy2UEauRn_Yri6PiZkZNubKBcqSnsi_KMNGXZ6Be5K6G8LFIGvgaO3JLFfxr3XDm66Mkns6g9jHg8fV1tP2jJMmuiWvaH6yK3IW2nWpHZ7uVFnaANKb3DZyw" alt="BRCC Stock: The Bearish Market Performance of BRC Stock"> 
  <figcaption class="wp-element-caption"> <strong>Source: BRCC/USD by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Due to the downside trend, the RSI further seems that it may reach near its oversold zone. However, since last year, the falling chart of BRCC <a href="https://www.thecoinrepublic.com/2023/08/21/xom-stock-price-analysis-indicates-strong-buy-technical-rating/" rel="noopener noreferrer nofollow">stock </a>indicates bears have increased their activity while the bulls’ support seems missing.</p> 
<p>Near to the recent quarter (Q2 2023) result, BRCC share price which was trading near its 50-day EMA now sliding from its 20-day EMA. Lesser trading volume also be noted in the stock price after the last quarter’s result.</p> 
<p>The price target set by analysts is resting at $6.96, up over 68% from the recent closing price of the stock. Meanwhile, their maximum estimate is showing at $10.00 while the minimum estimate is $4.75. Although, in the past 3-months, analysts gave a “buy” rating to BRC Inc.</p> 
<h3 class="wp-block-heading" id="strong-q2-2023-result-update-of-brc-inc-strong"><strong>Q2 2023 Result Update of BRC Inc.</strong></h3> 
<p>BRC Inc. (NYSE: BRCC), a roasted coffee company, has a market cap of nearly $874.78 Million. On August 10, 2023, the company released its Q2 2023 report that states its net income is negative $4.23 Million.</p> 
<p>According to its Q2 2023 report, BRCC earnings per <a href="https://www.thecoinrepublic.com/2023/08/24/will-coty-stock-price-rise-more-after-recent-quarter-result/" target="_blank" rel="noopener noreferrer nofollow">share </a>(EPS) is negative $0.07 whereas the estimation was negative $0.06 which accounts for a negative 19.40% surprise. The revenue for the same period of BRC Inc. amounts to $91.95 Million despite the estimated figure of $92.03 Million.</p> 
<p>For the upcoming quarter, the estimated EPS is negative $0.01, and revenue is expected to reach $106.55 Million.</p> 
<p>Furthermore, in 2022 the revenue of the coffee company amounted to $301.31 Million. Most of this revenue — $159.02 Million — came from its highest-performing source at the moment, “Direct to Consumer”.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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.</p>

BRCC Stock: The Bearish Market Performance of BRC Stock

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Thecoinrepublic.com

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