(BROG) Brooge Holdings - Ratings and Ratios

Brooge Holdings Ltd (NASDAQ:BROG) is an oil storage and services company operating at the strategic Port of Fujairah in the United Arab Emirates, providing critical infrastructure for the regions energy needs. The companys facilities, including phase I and II, offer a range of services such as storage, heating, and blending for various petroleum products, capitalizing on Fujairahs position as a key bunkering hub and an alternative to the Strait of Hormuz.

The companys operational capabilities and strategic location enable it to serve a diverse customer base, including major oil traders and shipping companies. With the increasing demand for oil storage and related services in the region, Brooge Energy is well-positioned to benefit from the growing market. The companys name change from Brooge Holdings Limited to Brooge Energy Limited in April 2020 reflects its focus on the energy sector.

Analyzing the , the stocks recent price movement indicates a slight uptrend, with the short-term moving averages (SMA20 and SMA50) above the long-term SMA200, suggesting potential for further growth. The Average True Range (ATR) of 0.08 (6.03% of the last price) indicates moderate volatility. Considering the , the companys market capitalization stands at $139.18M USD, with a forward P/E ratio of 9.69, suggesting potential for growth if earnings expectations are met.

Combining the insights from and , a forecast for BROG can be derived. Given the stocks current price of $1.33 and the SMA20 of $1.25, a potential target price could be around $1.50 in the short term, representing a 12% increase. However, this would depend on the companys ability to improve its return on equity (RoE), currently at -162.19, and meet the earnings expectations implied by the forward P/E ratio. A more favorable RoE and sustained revenue growth could drive the stock price towards the 52-week high of $2.05.