Brand Engagement Network Inc. (NASDAQ:BNAI) is seeing strong premarket gains on Friday, as bullish sentiment persists following this week’s strategic announcement that has reinvigorated investor interest. Shares are extending their positive trend well beyond the initial reaction earlier in the week.
The catalyst remains the strategic partnership with Valio Technologies (Pty) Ltd, designed to create an exclusive AI licensing structure for government and commercial sectors across Africa. The arrangement includes a $2.05 million preferred equity investment and a 35% revenue share on associated offerings, aiming to unlock significant AI market opportunities on the continent.
In addition to the commercial framework, the deal features a memorandum of understanding with Nelson Mandela University to support the deployment of an AI-driven mental health support platform for students — addressing rising care needs in South Africa’s academic environment
While broader markets edged lower in the prior session — with the Russell 2000 down 0.17% and the S&P 500 slipping 0.09% — BNAI’s continued rally suggests investor enthusiasm remains firmly driven by the company’s partnership-driven growth prospects rather than overall market trends.
BNAI’s Strong Momentum: 155.2% Above 20-Day SMA
Currently, BNAI is trading 155.2% above its 20-day simple moving average (SMA) and 179.4% above its 100-day SMA, indicating strong short-term momentum. Over the past 12 months, shares have surged 68.16% and are positioned closer to their 52-week highs than lows, reflecting a robust upward trend.
The RSI is at 77.72, indicating the stock is in overbought territory and suggesting a potential pullback may be on the horizon. Meanwhile, the MACD is above its signal line, reinforcing the stock’s bullish sentiment.
The combination of an overbought RSI and a bullish MACD suggests that, while the stock is currently experiencing strong momentum, traders should be cautious of a possible correction.
- Key Resistance: $11.00
- Key Support: $10.00
Anticipation Builds for BNAI’s March 2026 Earnings
Investors are looking ahead to the next earnings report on March 30, 2026.
- EPS Estimate: $-1.40 (Up from $-5.20 YoY)
- Revenue Estimate: $0.30 million (Up from $0.00 million YoY)
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $60.00. Recent analyst moves include:
- Maxim Group: Initiated with Buy (Target $60.00) (Jul. 25, 2024)
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: 96.25) — Stock is outperforming the broader market.
The Verdict: Brand Engagement Network’s Benzinga Edge signal indicates strong momentum. The high momentum score indicates that the stock is currently performing well, suggesting potential for continued upward movement.
BNAI Price Action: Brand Engagement Network shares were up 24.02% at $10.74 during premarket trading on Friday, according to Benzinga Pro data.
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