ToughBuilt Industries Inc. (NASDAQ: TBLT) stock jumped 21.86% on Friday to $8.64 against a previous-day closing price of $7.09. With 42.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.0 million shares. During the session, the Tools & Accessories company that operates in wider Industrials sector, reached to the highest price of $9.59 whereas the lowest price it dropped to was $8.07. The 52-week range on TBLT shows that it touched its highest point at $104.99 and its lowest point at $1.34 during that stretch. It currently has a 1-year price target of $225.00. Beta for the stock currently stands at 2.44.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TBLT was up-trending over the past week, with a rise of 46.94%, but this was up by 287.44% over a month. Three-month performance dropped to -21.10% while six-month performance fell -78.13%. The stock lost -90.56% in the past year, while it has lost -84.22% so far this year. A look at the trailing 12-month EPS for TBLT yields -56.15 with Next year EPS estimates of -0.11.
Float and Shares Shorts:
On Apr 28, 2022, short shares totaled 79310.0, which was 9.20% higher than short shares on Mar 30, 2022. In addition to Mr. Michael Panosian as the firm’s Co-Founder, Chairman, Pres & CEO, Mr. Joshua Keeler serves as its Co-Founder, Chief Design Officer & Director.
Through their ownership of 14.89% of TBLT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.77% of TBLT, in contrast to 0.80% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TBLT with 1.44% of the stake, TriaGen Wealth Management LLC holds 30,566 shares worth 30,566. A second-largest stockholder of TBLT, Renaissance Technologies LLC, holds 29,773 shares, controlling over 1.40% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TBLT, holding 27,103 shares or 1.27% stake. With a 0.39% stake in TBLT, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 8,301 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.21% of TBLT stock, is the second-largest Mutual Fund holder. It holds 4,483 shares valued at 9997.0. Fidelity Nasdaq Composite Index F holds 0.11% of the stake in TBLT, owning 2,250 shares worth 5018.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TBLT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TBLT analysts setting a high price target of $225.00 and a low target of $225.00, the average target price over the next 12 months is $225.00. Based on these targets, TBLT could surge 2504.17% to reach the target high and rise by 2504.17% to reach the target low. Reaching the average price target will result in a growth of 2504.17% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TBLT will report FY 2021 earnings on 04/03/2023. Analysts have provided yearly estimates in a range of -$28.50 being high and -$28.50 being low. For TBLT, this leads to a yearly average estimate of -$28.50. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. ToughBuilt Industries Inc. reported -$14.04 EPS. The surprise factor in the prior quarter was -$12.00. Based on analyst estimates, the high estimate for the next quarter is -$3.00 and the low estimate is -$3.00. The average estimate for the next quarter is thus -$3.00.
Summary of Insider Activity:
Insiders traded TBLT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 263,365 while 0 shares were sold.