BCOV Stock Summary and Trading Ideas (Brightcove | NASDAQ:BCOV)

Brightcove Inc is a provider of cloud-based streaming technology and services. The firm targets its solutions at media companies, broadcasters, digital publishers, sports and entertainment companies, fashion and hospitality brands, faith-based institutions, retail and e-commerce businesses, and technology organizations, as well as government agencies, educational institutions and non-profit organizations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.

Brightcove trades on the NASDAQ stock market under the symbol BCOV.

As of April 19, 2024, BCOV stock price climbed to $1.74 with 150,283 million shares trading.

BCOV has a beta of 0.33, meaning it tends to be less sensitive to market movements. BCOV has a correlation of 0.01 to the broad based SPY ETF.

BCOV has a market cap of $76.05 million. This is considered a Micro Cap stock.

Last quarter Brightcove reported $50 million in Revenue and $.04 earnings per share. This beat revenue expectation by $26,000 and exceeded earnings estimates by $.03.

In the last 3 years, BCOV stock traded as high as $19.94 and as low as $1.63.

The top ETF exchange traded funds that BCOV belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.

BCOV has underperformed the market in the last year with a price return of -58.1% while the SPY ETF gained +21.2%. BCOV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.0% and -5.4%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

BCOV support price is $1.66 and resistance is $1.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BCOV stock will trade within this expected range on the day.