Brilliant Earth Group (NASDAQ:BRLT) Shares Break Below 50 Day Moving Average – Here’s What Happened

Brilliant Earth Group, Inc. (NASDAQ:BRLT) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $1.44 and traded as low as $1.36. Brilliant Earth Group shares last traded at $1.36, with a volume of 206,045 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BRLT. Weiss Ratings upgraded shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Jefferies Financial Group restated a “hold” rating and set a $1.40 price objective on shares of Brilliant Earth Group in a research note on Thursday. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $1.62.

Brilliant Earth Group Stock Performance

The company has a market cap of $138.48 million, a price-to-earnings ratio of -5.23 and a beta of 1.47. The firm has a fifty day moving average price of $1.44 and a 200 day moving average price of $1.34.

Brilliant Earth Group (NASDAQ:BRLT) last issued its earnings results on Thursday, November 5th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The business had revenue of $112.81 million for the quarter, compared to the consensus estimate of $110.15 million. On average, analysts expect that Brilliant Earth Group, Inc. will post 0.02 EPS for the current fiscal year.

About Brilliant Earth Group

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.