Smart for Life Inc. (NASDAQ: SMFL) stock fell -10.68% on Thursday to $2.09 against a previous-day closing price of $2.34. With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $2.2900 whereas the lowest price it dropped to was $2.0800. The 52-week range on SMFL shows that it touched its highest point at $38.00 and its lowest point at $1.72 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 down-trending over the past week, with a drop of -12.92%, but this was down by -49.39% over a month. Three-month performance dropped to -76.38% while six-month performance fell -90.17%. The stock lost -90.39% in the past year, while it has lost -82.21% so far this year. A look at the trailing 12-month EPS for SMFL yields -44.96 with Next year EPS estimates of 1.37. For the next quarter, that number is 0.00. This implies an EPS growth rate of -290.80% for this year and 4466.70% for next year.
Float and Shares Shorts:
At present, 0.86 million SMFL shares are outstanding with a float of 0.64 million shares on hand for trading. On Apr 27, 2023, short shares totaled 40360.0, which was 5.15% higher than short shares on Mar 30, 2023. 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.
Through their ownership of 9.98% of SMFL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of SMFL, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SMFL with 0.75% of the stake, Sabby Management LLC holds 5,896 shares worth 5,896. A second-largest stockholder of SMFL, HRT Financial LLC, holds 1,734 shares, controlling over 0.22% of the firm’s shares. UBS Securities LLC is the third largest shareholder in SMFL, holding 1,161 shares or 0.15% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SMFL reported revenue of $4.29M and operating income of -$2.61M. The EBITDA in the recently reported quarter was -$2.07M and diluted EPS was -$5.50.
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 $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, SMFL could surge 282.78% to reach the target high and rise by 282.78% to reach the target low. Reaching the average price target will result in a growth of 282.78% 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.
Summary of Insider Activity:
Insiders traded SMFL 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 3 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 404,505 while 3,483,888 shares were sold.