BRID Stock Summary and Trading Ideas (Bridgford Foods | NASDAQ:BRID)

Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.

Bridgford Foods trades on the NASDAQ stock market under the symbol BRID.

As of April 18, 2024, BRID stock price declined to $10.62 with 1,014 million shares trading.

BRID has a market cap of $96.40 million. This is considered a Micro Cap stock.

In the last 3 years, BRID stock traded as high as $21.80 and as low as $10.03.

The top ETF exchange traded funds that BRID belongs to (by Net Assets): VTI, DFAS, VXF, IWC, ONEQ.

BRID has underperformed the market in the last year with a price return of -13.0% while the SPY ETF gained +22.2%. BRID has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.4% and -6.3%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

BRID support price is $10.55 and resistance is $10.97 (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 BRID stock will trade within this expected range on the day.