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.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
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.
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.
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.