Beneficient (NASDAQ:BENF) Shares Up 2.6% – Here’s Why

Beneficient (NASDAQ:BENF)’s share price rose 2.6% during mid-day trading on Wednesday . The stock traded as high as $5.47 and last traded at $5.19. Approximately 54,582 shares were traded during trading, a decline of 71% from the average daily volume of 189,715 shares. The stock had previously closed at $5.06.

Analysts Set New Price Targets

BENF has been the topic of a number of analyst reports. Wall Street Zen upgraded Beneficient to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Beneficient Stock Up 2.6%

The business’s 50-day moving average is $5.46 and its two-hundred day moving average is $4.30.

About Beneficient

Beneficient, a technology-enabled financial services company, provides liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry in the United States. It operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. The company offers Ben AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks, and complete their transactions with standardized transaction agreements.