Brand Engagement Network Inc. (NASDAQ:BNAI) stock rose Monday following the company’s announcement of a $1.51 million private placement priced at $63.25 per share on Friday. The stock’s rise comes as broader markets are experiencing mixed performance, with the S&P 500 down 0.13% and the Dow Jones up 0.21%.
BNAI Announces $1.518M Private Placement
The private placement will be funded in three equal installments, with the first closing set for Jan. 30. Additionally, the company reported receiving $818,302.70 in cash proceeds from warrant exercises and legacy debt repayments, which strengthens its balance sheet and enhances financial flexibility.
In January, Brand Engagement Network repaid $640,332.46 in outstanding loans, including obligations tied to Hana Bank in South Korea. This strategic move is aimed at satisfying legacy liabilities and positioning the company to execute its strategic objectives effectively.
BNAI’s Momentum
Currently, the stock is trading 42.9% above its 20-day simple moving average (SMA) and 289% above its 100-day SMA, demonstrating strong momentum. Over the past 12 months, shares have surged 554.43%, and they are positioned closer to their 52-week highs than lows, indicating robust long-term performance.
The RSI is at 53.07, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum, reflecting a balance between buying and selling pressures.
- Key Resistance: $30.00
- Key Support: $20.00
BNAI Earnings: Anticipation Builds for March 2026
Investors are looking ahead to the next earnings report on Mar. 30.
- EPS Estimate: $-1.40 (Up from $-5.20 YoY)
- Revenue Estimate: $0.30 million (Up from $0.00 million YoY)
BNAI Scores High on Benzinga Edge Momentum
Below is the Benzinga Edge scorecard for Brand Engagement Network, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 99.82) — Stock is outperforming the broader market.
BNAI Price Action: Brand Engagement Network shares were up 1.86% at $25.21 at the time of publication on Monday, according to Benzinga Pro data.
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