Beneficient (BENF)

Overview News Price History Why BENF Down? Discussions Forecast

Why is Beneficient (BENF) Stock down?

We've noticed a 9.87% decline in Beneficient (BENF) stock during the 2024-05-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

14 Nov, 2023:

Beneficient Stock (BENF) dropped by 16.39% from $0.659 to $0.551 in the trading on Tuesday November 14, 2023. The reason why BENF stock down today is due to the second-quarter FY2024 results.

Operating loss for the period was $(272.1) million, compared to operating income of $24.2 million in the prior year period. The change was primarily due to non-cash goodwill impairment and negative credit loss adjustments, principally related to securities of our former parent company in the current period.
Revenues of $6.5 million for the period, compared to $7.8 million in the prior year period. The change was as a result of lower net asset values held in custody.