A better buy-in window may exist right now for ToughBuilt Industries Inc. (TBLT)

ToughBuilt Industries Inc. (NASDAQ: TBLT) stock jumped 0.76% on Friday to $6.62 against a previous-day closing price of $6.57. With 3.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.76 million shares. During the session, the Tools & Accessories company that operates in wider Industrials sector, reached to the highest price of $7.40 whereas the lowest price it dropped to was $6.36. 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 2.95.

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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 down-trending over the past week, with a drop of -6.63%, but this was up by 232.66% over a month. Three-month performance dropped to -40.09% while six-month performance fell -84.12%. The stock lost -93.01% in the past year, while it has lost -87.91% so far this year.

Float and Shares Shorts:

On Jul 14, 2022, short shares totaled 0.85 million, which was 39.75% higher than short shares on Jun 14, 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.

Institutional Ownership:

Through their ownership of 7.25% of TBLT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.75% 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.

Analysts Ratings:

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 3298.79% to reach the target high and rise by 3298.79% to reach the target low. Reaching the average price target will result in a growth of 3298.79% 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.

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