Better Choice Company Inc. (AMEX: BTTR) stock jumped 0.15% on Monday to $0.14 against a previous-day closing price of $0.13. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $0.1390 whereas the lowest price it dropped to was $0.1202. The 52-week range on BTTR shows that it touched its highest point at $1.85 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 0.04.
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 BTTR was up-trending over the past week, with a rise of 1.50%, but this was down by -25.74% over a month. Three-month performance dropped to -46.00% while six-month performance fell -73.53%. The stock lost -91.96% in the past year, while it has lost -74.95% so far this year.
Float and Shares Shorts:
At present, 30.55 million BTTR shares are outstanding with a float of 14.13 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.33 million, which was 1.06% higher than short shares on Jul 30, 2023. In addition to BETR as the firm’s Better Home & Finance Holding C, MTTR serves as its Matterport, Inc.
Through their ownership of 42.87% of BTTR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.54% of BTTR, in contrast to 23.00% held by mutual funds. Shares owned by individuals account for 2.84%. As the largest shareholder in BTTR with 8.55% of the stake, Must Asset Management Inc. holds 2,613,879 shares worth 2,613,879. A second-largest stockholder of BTTR, Brandywine Global Investment Mana, holds 1,318,939 shares, controlling over 4.31% of the firm’s shares. Cavalry Fund I Management LLC is the third largest shareholder in BTTR, holding 1,286,830 shares or 4.21% stake. With a 1.35% stake in BTTR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 413,653 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.86% of BTTR stock, is the second-largest Mutual Fund holder. It holds 261,756 shares valued at 49995.0. Fidelity Extended Market Index Fu holds 0.30% of the stake in BTTR, owning 93,001 shares worth 17763.0.
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 Jun 29, 2023, BTTR reported revenue of $16.52M and operating income of -$4.26M. The EBITDA in the recently reported quarter was -$3.83M and diluted EPS was -$0.15.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTTR 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 BTTR analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, BTTR could surge 2757.14% to reach the target high and rise by 2757.14% to reach the target low. Reaching the average price target will result in a growth of 2757.14% 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 BTTR 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 11 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 1,076,436 while 0 shares were sold.