A Look at Smart for Life Inc. (SMFL) Shares in the Recent Past Indicates Growth

Smart for Life Inc. (NASDAQ: SMFL) stock jumped 25.82% on Friday to $0.60 against a previous-day closing price of $0.48. With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.74 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $0.6000 whereas the lowest price it dropped to was $0.5000. The 52-week range on SMFL shows that it touched its highest point at $3.25 and its lowest point at $0.38 during that stretch.

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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 SMFL was up-trending over the past week, with a rise of 30.41%, but this was up by 11.32% over a month.

Float and Shares Shorts:

At present, 31.66 million SMFL shares are outstanding with a float of 18.99 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.96 million, which was 3.01% higher than short shares on Jun 14, 2022. In addition to Mr. Alfonso J. Cervantes Jr. as the firm’s Founder, Exec. Chairman & Sec., Mr. Darren Minton serves as its CEO, Pres & Director.

Institutional Ownership:

Through their ownership of 1.46% of SMFL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 42.01% of SMFL, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SMFL with 1.04% of the stake, Sabby Capital LLC holds 329,537 shares worth 329,537. A second-largest stockholder of SMFL, Two Sigma Securities LLC, holds 70,804 shares, controlling over 0.22% of the firm’s shares. UBS Securities LLC is the third largest shareholder in SMFL, holding 25,629 shares or 0.08% stake.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMFL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SMFL analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

Summary of Insider Activity:

Insiders traded SMFL stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 404,505 shares were bought while 888 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 1,162,505 while 888 shares were sold.

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