Does Kaival Brands Innovations Group Inc. (KAVL) offer a good opportunity for investors?

Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) stock jumped 7.48% on Friday to $1.15 against a previous-day closing price of $1.07. With 1.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. During the session, the Tobacco company that operates in wider Consumer Defensive sector, reached to the highest price of $1.2900 whereas the lowest price it dropped to was $1.0900. The 52-week range on KAVL shows that it touched its highest point at $13.38 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 2.59.

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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 KAVL was up-trending over the past week, with a rise of 3.60%, but this was up by 3.60% over a month. Three-month performance surged to 53.74% while six-month performance fell -39.47%. The stock lost -80.70% in the past year, while it has gained 54.30% so far this year. A look at the trailing 12-month EPS for KAVL yields -0.48 with Next year EPS estimates of 0.26. For the next quarter, that number is -0.01. This implies an EPS growth rate of -377.20% for this year and 131.82% for next year.

Float and Shares Shorts:

At present, 31.45 million KAVL shares are outstanding with a float of 13.95 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.22 million, which was 0.71% higher than short shares on Jun 14, 2022. In addition to Mr. Eric Mosser as the firm’s Pres, Principal Exec. Officer, COO, Sec. & Director, Mr. Mark L. Thoenes serves as its Interim Chief Financial Officer.

Institutional Ownership:

Through their ownership of 3.22% of KAVL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 55.17% of KAVL, in contrast to 2.83% held by mutual funds. Shares owned by individuals account for 0.41%. As the largest shareholder in KAVL with 2.43% of the stake, The Vanguard Group, Inc. holds 757,258 shares worth 757,258. A second-largest stockholder of KAVL, Geode Capital Management LLC, holds 120,063 shares, controlling over 0.39% of the firm’s shares. Northern Trust Investments, Inc. is the third largest shareholder in KAVL, holding 26,095 shares or 0.08% stake. With a 1.93% stake in KAVL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 602,288 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.50% of KAVL stock, is the second-largest Mutual Fund holder. It holds 154,970 shares valued at 0.24 million. Fidelity Extended Market Index Fu holds 0.23% of the stake in KAVL, owning 70,772 shares worth 0.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KAVL 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 KAVL analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, KAVL could surge 160.87% to reach the target high and rise by 160.87% to reach the target low. Reaching the average price target will result in a growth of 160.87% 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. KAVL will report FY 2022 earnings on 12/28/2022. Analysts have provided yearly estimates in a range of -$0.44 being high and -$0.44 being low. For KAVL, this leads to a yearly average estimate of -$0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kaival Brands Innovations Group Inc. surprised analysts by -$0.08 when it reported -$0.16 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.09.

Summary of Insider Activity:

Insiders traded KAVL 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 remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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