During the last session, ToughBuilt Industries Inc. (NASDAQ:TBLT)’s traded shares were 5.43 million, with the beta value of the company hitting 2.44. At the end of the trading day, the stock’s price was $7.68, reflecting an intraday loss of -4.36% or -$0.35. The 52-week high for the TBLT share is $104.99, that puts it down -1267.06 from that peak though still a striking 82.55% gain since the share price plummeted to a 52-week low of $1.34. The company’s market capitalization is $10.21M, and the average intraday trading volume over the past 10 days was 52.15 million shares, and the average trade volume was 13.61 million shares over the past three months.
ToughBuilt Industries Inc. (TBLT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. TBLT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
ToughBuilt Industries Inc. (NASDAQ:TBLT) trade information
ToughBuilt Industries Inc. (TBLT) registered a -4.36% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.36% in intraday trading to $7.68 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 67.69%, and it has moved by 308.51% in 30 days. Based on these gigs, the overall price performance for the year is -91.67%. The short interest in ToughBuilt Industries Inc. (NASDAQ:TBLT) is 0.85 million shares and it means that shorts have 0.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $225.00, which implies an increase of 96.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $225.00 and $225.00 respectively. As a result, TBLT is trading at a discount of -2829.69% off the target high and -2829.69% off the low.
ToughBuilt Industries Inc. (TBLT) estimates and forecasts
In the rating firms’ projections, revenue will increase 24.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $14.8 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $18.6 million by the end of Jun 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $12.28 million and $13 million respectively. In this case, analysts expect current quarter sales to grow by 20.50% and then jump by 43.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.40%. While earnings are projected to return 45.40% in 2022.
ToughBuilt Industries Inc. is due to release its next quarterly earnings between March 21 and March 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ToughBuilt Industries Inc. (NASDAQ:TBLT)’s Major holders
ToughBuilt Industries Inc. insiders own 18.45% of total outstanding shares while institutional holders control 7.25%, with the float percentage being 8.88%. Renaissance Technologies, LLC is the largest shareholder of the company, while 32 institutions own stock in it. As of Mar 30, 2022, the company held over 29773.0 shares (or 2.19% of all shares), a total value of $0.78 million in shares.
The next largest institutional holding, with 27407.0 shares, is of Vanguard Group, Inc. (The)’s that is approximately 2.02% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $0.72 million.
Also, the Mutual Funds coming in first place with the largest holdings of ToughBuilt Industries Inc. (TBLT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 17649.0 shares. This amounts to just over 1.30 percent of the company’s overall shares, with a $0.46 million market value. The same data shows that the other fund manager holds slightly less at 8237.0, or about 0.61% of the stock, which is worth about $0.22 million.