BRP Group Inc. BRP Stock Analysis

BRP Group Inc. stock trades under the ticker BRP & has shown recent bullishness that may interest traders & investors.

BRP stock is a member of the Insurance Brokers industry & closed at $35.61/share on 10/6/2021.

Breaking Down BRP Group Inc. BRP Stock’s Technicals

BRP Group Inc. BRP Stock Technical Performance For The Last Year

BRP Stock Price: $35.61

10 Day Moving-Average: $33.25

50 Day Moving-Average: $33.32

200 Day Moving-Average: $28.73

RSI: 57.5

MACD: -0.018

Yesterday, BRP stock completed a bullish MACD crossover, after crossing its 10 & 50 Day Moving-Averages bullishly in the prior days.

They look to have positive momentum that will continue driving the share price higher, with the next test being at $35.89.

BRP’s volume has been slightly above average recently, but in-line with the rest of the years trading.

The next level of tests will come at $37.32, which will likely not come until a new, higher range is established, as BRP’s RSI is approaching 60.

BRP Group Inc. BRP Stock As A Long-Term Investment

Long-term investors may be interested in BRP Group Inc.’s Quarterly Revenue Growth Y-o-Y of 133.5%.

BRP’s P/B is a bit rich at 9.71, and they do not offer a dividend.

Their balance sheet does not look as good as some of the other names we have published about recently, with Total Cash (mrq) of $224.48M & Total Debt (mrq) of $502.98M.

BRP Group Inc. BRP Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to take advantage of BRP’s strong momentum, while hedging against the current volatile broader market environment.

Due to low Open Interest, I am looking at the $30 & $35 call options with the 10/15 expiration date.

I am also looking at the $40 & $35 puts as a hedge for protection, in the event that market turbulence continues.

Tying It All Together

All-in-all, BRP stock has many advantages that traders & investors may want to further research.

Investors may like their Quarterly Growth Y-o-Y if it can sustain in the long run, and if they manage to pay down more debt faster than anticipated their balance sheet.

Short-term traders should be interested in their recent growth, particularly while the rest of the broader markets have floundered around in volatility.

BRP Group Inc.’s stock is worth taking a closer look at, regardless of your trading style & time frame.


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