During the last session, Stryve Foods Inc. (NASDAQ:SNAX)’s traded shares were 1.14 million, with the beta value of the company hitting 0.53. At the end of the trading day, the stock’s price was $0.83, reflecting an intraday gain of 3.15% or $0.03. The 52-week high for the SNAX share is $8.24, that puts it down -892.77 from that peak though still a striking 26.51% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $20.04M, and the average intraday trading volume over the past 10 days was 0.23 million shares, and the average trade volume was 211.17K shares over the past three months.
Stryve Foods Inc. (SNAX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. SNAX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -$0.33.
Stryve Foods Inc. (NASDAQ:SNAX) trade information
Stryve Foods Inc. (SNAX) registered a 3.15% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.15% in intraday trading to $0.83 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 17.10%, and it has moved by -12.45% in 30 days. Based on these gigs, the overall price performance for the year is -89.52%. The short interest in Stryve Foods Inc. (NASDAQ:SNAX) is 0.36 million shares and it means that shorts have 3.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.67, which implies an increase of 68.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $3.00 respectively. As a result, SNAX is trading at a discount of -261.45% off the target high and -140.96% off the low.
Stryve Foods Inc. (SNAX) estimates and forecasts
Statistics show that Stryve Foods Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Stryve Foods Inc. (SNAX) shares have gone down -69.77% during the last six months, with a year-to-date growth rate more than the industry average at 60.19% against 3.70. In the rating firms’ projections, revenue will increase 45.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $13.45 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $11.11 million by the end of Sep 2022.
While earnings are projected to return 37.00% in 2022, the next five years will return 30.00% per annum.
Stryve Foods Inc. is due to release its next quarterly earnings on August 16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Stryve Foods Inc. (NASDAQ:SNAX)’s Major holders
Stryve Foods Inc. insiders own 21.60% of total outstanding shares while institutional holders control 28.64%, with the float percentage being 36.53%. Cannell Capital LLC is the largest shareholder of the company, while 29 institutions own stock in it. As of Mar 30, 2022, the company held over 1.54 million shares (or 8.10% of all shares), a total value of $1.92 million in shares.
The next largest institutional holding, with 0.81 million shares, is of CWA Asset Management Group, LLC’s that is approximately 4.28% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $0.72 million.
Also, the Mutual Funds coming in first place with the largest holdings of Stryve Foods Inc. (SNAX) shares are PartnerSelect Alternative Strategies Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that PartnerSelect Alternative Strategies Fund owns about 71372.0 shares. This amounts to just over 0.38 percent of the company’s overall shares, with a $89215.0 market value. The same data shows that the other fund manager holds slightly less at 58772.0, or about 0.31% of the stock, which is worth about $73465.0.