In today’s recent session, 3,191,079 shares of the ToughBuilt Industries, Inc.(NASDAQ:TBLT) have been traded, and its beta is 0. Most recently the company’s share price was $1.33, and it changed around -$0.03 or -0.03% from the last close, which brings the market valuation of the company to $81.53 Million. TBLT at last check was trading at a discount to its 52-week high of $2.6, offering almost -95.49% off that amount. The share price’s 52-week low was $0.621, which indicates that the recent value has risen by an impressive 53.31% since then. We note from ToughBuilt Industries, Inc.’s average daily trading volume that its 10-day average is 5.32 Million shares, with the 3-month average coming to 4.69 Million.
ToughBuilt Industries, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TBLT as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. ToughBuilt Industries, Inc. is expected to report earnings per share of -$0.08 for the current quarter.
ToughBuilt Industries, Inc. (NASDAQ:TBLT): Trading Information Today
Although TBLT has been showing red trend so far today with a performance of -2.57% 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 $1.52 on Tuesday, Feb 16 increased the stock’s daily price by 13.49%. The company’s shares are currently up 0.66% year-to-date, but still down -0.1115 over the last five days. On the other hand, ToughBuilt Industries, Inc. (NASDAQ:TBLT) is 0.01% up in the 30-day period. We can see from the shorts that 3.47 Million shares have been sold at a short interest cover period of 0.74 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bears needing to increase their stock price by 87.97% from its current value. Analyst projections state that TBLT is forecast to be at a low of $2.5 and a high of $2.5. In order for the stock price to hit the forecast high, the stock would need to surge +87.97% from its current level, while the stock would need to crash 87.97% from its current level to reach the projected low.
ToughBuilt Industries, Inc. (TBLT) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $14.5 Million in revenue for the current quarter. 1 analysts expect ToughBuilt Industries, Inc. to make $11.4 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $4.53 Million and $3.91 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 220.2%. Forecasts for the next quarter put sales growth at 191.6%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.8%. ToughBuilt Industries, Inc. earnings are expected to increase by 95.8% in 2021, but the outlook is negative 0% per year for the next five years.
ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.67% of ToughBuilt Industries, Inc. shares, and 5.33% of them are in the hands of institutional investors. The stock currently has a share float of 5.36%. ToughBuilt Industries, Inc. stock is held by 16 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 1.65% of the shares, which is about 1.02 Million shares worth $806.72 Thousand.
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