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Bright Green (BGXX) stock forecast for 2024
Updated: April 12, 2024 (06:38)
Sector: HealthcareThe share price of Bright Green Corporation (BGXX) now
50/200 Day Moving Average: $0.232 / $0.408
This figure corresponds to the Average Price over the previous 50/200 days. For Bright Green stocks, the 50-day moving average is the resistance level today.
For Bright Green stocks, the 200-day moving average is the resistance level today.
Are you interested in Bright Green Corporation stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Bright Green stock price in 2024. How much will one Bright Green share be worth in 2024? Is it worth taking profit / loss on BGXX stock now or waiting? What are analysts' forecasts for Bright Green stock?
We forecast Bright Green stock performance using neural networks based on historical data on BGXX stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Bright Green Corporation stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Bright Green analysts is $None. Today 200 Day Moving Average is the resistance level (0.408 $). 50 Day Moving Average is the support level (0.232 $).
Historical and forecast chart of Bright Green Corporation stock
The chart below shows the historical price of Bright Green stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the BGXX stock price can be found in the table below.
One of the few companies to receive conditional approval from the DEA based on already agreed terms to produce federally legal cannabis.
Bright Green’s mission is to be the leading federally authorized supplier of cannabis, cannabis-related products, and other legal herbal therapy-based medicinal plants produced in precise formulations for research and pharmaceutical applications, and to be an active ingredient in consumer solutions. The company, through legal partnerships with state and federal agencies, is able to operate at an unprecedented scale in this emerging market while ensuring compliance, safety and integrity. The vision is to improve the quality of life across a wide range of demographics through the opportunities provided by the medical applications of herbal therapies, especially cannabis and cannabis-derived products.
Bright Green owns two parcels of land and a greenhouse in Grants, New Mexico.
Bright Green (BGXX) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 0.28 | 0.27 | 0.29 | 8.44 % |
| Jun | 0.27 | 0.26 | 0.28 | 6.14 % |
| Jul | 0.27 | 0.25 | 0.29 | 13.01 % |
| Aug | 0.25 | 0.23 | 0.27 | 13.99 % |
| Sep | 0.23 | 0.22 | 0.25 | 9.13 % |
| Oct | 0.25 | 0.24 | 0.26 | 6.96 % |
| Nov | 0.24 | 0.22 | 0.25 | 10.60 % |
| Dec | 0.25 | 0.24 | 0.26 | 6.02 % |
Bright Green information and performance
401 EAST LAS OLAS BLVD., SUITE 1400, FT. LAUDERDALE, FL, US
Market capitalization of the Bright Green Corporation is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of BGXX shares in the company outstanding by the market price of one share.
EBITDA of Bright Green is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Bright Green price target for 2024 by month
Target values for the price of one Bright Green share for May 2024.
In May, the Positive dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 8.437% volatility is expected.
Pessimistic target level: 0.27
Optimistic target level: 0.29
Target values for the price of one Bright Green share for Jun 2024.
In Jun, the Negative dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 6.140% volatility is expected.
Pessimistic target level: 0.26
Optimistic target level: 0.28
Target values for the price of one Bright Green share for Jul 2024.
In Jul, the Negative dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 13.011% volatility is expected.
Pessimistic target level: 0.25
Optimistic target level: 0.29
Target values for the price of one Bright Green share for Aug 2024.
In Aug, the Negative dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 13.994% volatility is expected.
Pessimistic target level: 0.23
Optimistic target level: 0.27
Target values for the price of one Bright Green share for Sep 2024.
In Sep, the Negative dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 9.134% volatility is expected.
Pessimistic target level: 0.22
Optimistic target level: 0.25
Target values for the price of one Bright Green share for Oct 2024.
In Oct, the Positive dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 6.959% volatility is expected.
Pessimistic target level: 0.24
Optimistic target level: 0.26
Target values for the price of one Bright Green share for Nov 2024.
In Nov, the Negative dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 10.597% volatility is expected.
Pessimistic target level: 0.22
Optimistic target level: 0.25
Target values for the price of one Bright Green share for Dec 2024.
In Dec, the Positive dynamics for Bright Green Corporation shares will prevail with possible monthly volatility of 6.019% volatility is expected.
Pessimistic target level: 0.24
Optimistic target level: 0.26
