In recent trading session, Kaival Brands Innovations Group Inc (NASDAQ:KAVL) saw 71.41 million shares changing hands at last check today with its beta currently measuring 0.22. Company’s recent per share price level of $3.30 trading at $1.97 or 148.12% at last check today assigns it a market valuation of $9.40M. That most recent trading price of KAVL’s stock is at a discount of -514.24% from its 52-week high price of $20.27 and is indicating a premium of 66.36% from its 52-week low price of $1.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 42700.0 shares which gives us an average trading volume of 34.99K if we extend that period to 3-months.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL) trade information
Upright in the green today for gaining 148.12%, in the last five days KAVL remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $3.30 price level, adding 15.17% to its value on the day. Kaival Brands Innovations Group Inc’s shares saw a change of -21.82% in year-to-date performance and have moved 57.14% in past 5-day. Kaival Brands Innovations Group Inc (NASDAQ:KAVL) showed a performance of 51.04% in past 30-days. Number of shares sold short was 17020.0 shares which calculate 0.33 days to cover the short interests.
Kaival Brands Innovations Group Inc (KAVL) estimates and forecasts
This year revenue growth is estimated to rise 275.40% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $15.1 million for the same. And 1 analysts are in estimates of company making revenue of $20.2 million in the next quarter that will end on Oct 2023. Company posted $3.85 million and $3.01 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 292.50% while estimating it to be 570.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -252.44% during past 5 years.
KAVL Dividends
Kaival Brands Innovations Group Inc is more likely to be releasing its next quarterly report between March 22 and March 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL)’s Major holders
Insiders are in possession of 70.96% of company’s total shares while institution are holding 1.87 percent of that, with stock having share float percentage of 6.45%. Investors also watch the number of corporate investors in a company very closely, which is 1.87% institutions for Kaival Brands Innovations Group Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at KAVL for having 35431.0 shares of worth $0.12 million. And as of Dec 30, 2023, it was holding 1.24% of the company’s outstanding shares.
The second largest institutional holder is Geode Capital Management, LLC, which was holding about 6489.0 shares on Dec 30, 2023. The number of shares represents firm’s hold over 0.23% of outstanding shares, having a total worth of $21381.0.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 27756.0 shares of worth $91456.0 or 0.98% of the total outstanding shares. The later fund manager was in possession of 7393.0 shares on Dec 30, 2023, making its stake of worth around $24359.0 in the company or a holder of 0.26% of company’s stock.
