BROG Stock Summary and Trading Ideas (Brooge Energy Limited - | NASDAQ:BROG)

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.

Brooge Energy Limited - trades on the NASDAQ stock market under the symbol BROG.

As of April 25, 2024, BROG stock price declined to $1.03 with 33,558 million shares trading.

BROG has a beta of 1.32, meaning it tends to be more sensitive to market movements. BROG has a correlation of 0.04 to the broad based SPY ETF.

BROG has a market cap of $112.88 million. This is considered a Micro Cap stock.

In the last 3 years, BROG stock traded as high as $9.95 and as low as $1.02.

BROG has underperformed the market in the last year with a price return of -79.1% while the SPY ETF gained +23.3%. BROG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -54.6% and -17.6%, respectively, while the SPY returned +3.7% and -2.4%, respectively.

BROG support price is $.94 and resistance is $1.15 (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 BROG stock will trade within this expected range on the day.