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Tattooed Chef Inc. (NASDAQ: TTCF) Has Been Falling -66.70% Since The Beginning Of The Year. Troubles Ahead?

During the recent session, Tattooed Chef Inc. (NASDAQ:TTCF)’s traded shares were 0.68 million, with the beta value of the company hitting 0.56. At the last check today, the stock’s price was $6.94, reflecting an intraday gain of 4.68% or $0.31. The 52-week high for the TTCF share is $25.35, that puts it down -265.27 from that peak though still a striking 15.85% gain since the share price plummeted to a 52-week low of $5.84. The company’s market capitalization is $562.36M, and the average intraday trading volume over the past 10 days was 0.35 million shares, and the average trade volume was 491.53K shares over the past three months.

Tattooed Chef Inc. (TTCF) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.30. TTCF has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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.

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Tattooed Chef Inc. (NASDAQ:TTCF) trade information

Tattooed Chef Inc. (TTCF) registered a 4.68% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.68% in intraday trading to $6.94 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 2.16%, and it has moved by 2.16% in 30 days. Based on these gigs, the overall price performance for the year is -66.70%. The short interest in Tattooed Chef Inc. (NASDAQ:TTCF) is 14.46 million shares and it means that shorts have 36.04 day(s) to cover.

The consensus price target of analysts on Wall Street is $12.50, which implies an increase of 44.48% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $13.00 respectively. As a result, TTCF is trading at a discount of -87.32% off the target high and -72.91% off the low.

Tattooed Chef Inc. (TTCF) estimates and forecasts

Statistics show that Tattooed Chef Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Tattooed Chef Inc. (TTCF) shares have gone down -48.00% during the last six months, with a year-to-date growth rate less than the industry average at -7.69% against 2.10. In the rating firms’ projections, revenue will increase 31.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $64.08 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $73.77 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $50.72 million and $63.95 million respectively. In this case, analysts expect current quarter sales to grow by 26.40% and then jump by 15.40% in the coming quarter.

While earnings are projected to return -214.10% in 2022.

TTCF Dividends

Tattooed Chef Inc. is due to release its next quarterly earnings between August 10 and August 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Tattooed Chef Inc. (NASDAQ:TTCF)’s Major holders

Tattooed Chef Inc. insiders own 44.94% of total outstanding shares while institutional holders control 17.32%, with the float percentage being 31.46%. Blackrock Inc. is the largest shareholder of the company, while 145 institutions own stock in it. As of Mar 30, 2022, the company held over 2.97 million shares (or 3.61% of all shares), a total value of $20.41 million in shares.

The next largest institutional holding, with 2.53 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.07% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $17.38 million.

Also, the Mutual Funds coming in first place with the largest holdings of Tattooed Chef Inc. (TTCF) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that iShares Russell 2000 ETF owns about 1.08 million shares. This amounts to just over 1.31 percent of the company’s overall shares, with a $7.39 million market value. The same data shows that the other fund manager holds slightly less at 1.08 million, or about 1.31% of the stock, which is worth about $7.4 million.

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