In the last trading session, 1,156,373 shares of the cbdMD, Inc.(NYSE:YCBD) were traded, and its beta was 0. Most recently the company’s share price was $4.45, and it changed around $0.14 or 0.03% from the last close, which brings the market valuation of the company to $232.68 Million. YCBD currently trades at a discount to its 52-week high of $6.83, offering almost -53.48% off that amount. The share price’s 52-week low was $0.502, which indicates that the current value has risen by an impressive 88.72% since then. We note from cbdMD, Inc.’s average daily trading volume that its 10-day average is 1.76 Million shares, with the 3-month average coming to 1.38 Million.
cbdMD, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended YCBD as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. cbdMD, Inc. is expected to report earnings per share of -$0.03 for the current quarter.
cbdMD, Inc. (NYSE:YCBD): Trading Information
Instantly YCBD has showed a green trend with a performance of 3.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $6.30- on Friday, Feb 12 increased the stock’s daily price by 29.37%. The company’s shares are currently up 0.51% year-to-date, but still down -0.0862 over the last five days. On the other hand, cbdMD, Inc. (NYSE:YCBD) is 0.19% up in the 30-day period. We can see from the shorts that 2.77 Million shares have been sold at a short interest cover period of 2.01 day(s).
The consensus price target as assigned by Wall Street analysts is $6.03, which translates to bears needing to increase their stock price by 35.51% from its current value. Analyst projections state that YCBD is forecast to be at a low of $4.1 and a high of $8. In order for the stock price to hit the forecast high, the stock would need to surge +79.78% from its current level, while the stock would need to crash -7.87% from its current level to reach the projected low.
cbdMD, Inc. (YCBD) projections and forecasts
cbdMD, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +65.43 percent over the past six months and at a -132.14% annual growth rate that is well below the industry average of 0.7%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -106.5% in revenue this quarter, and will report an increase of 88.2% in the next quarter. The year-over-year growth rate is expected to be 25.9%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.6%. cbdMD, Inc. earnings are expected to increase by 110.9% in 2021, but the outlook is negative 0% per year for the next five years.
cbdMD, Inc. (NYSE:YCBD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 37.15% of cbdMD, Inc. shares, and 14% of them are in the hands of institutional investors. The stock currently has a share float of 22.28%. cbdMD, Inc. stock is held by 54 institutions, with AdvisorShares Investments, LLC being the largest institutional investor. By Dec 30, 2020, it held 2.75% of the shares, which is about 1.44 Million shares worth $4.25 Million.
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