In last trading session, cbdMD Inc (AMEX:YCBD) saw 8.73 million shares changing hands with its beta currently measuring 2.12. Company’s recent per share price level of $0.91 trading at $0.16 or 21.41% at ring of the bell on the day assigns it a market valuation of $2.78M. That closing price of YCBD’s stock is at a discount of -980.22% from its 52-week high price of $9.83 and is indicating a premium of 38.46% from its 52-week low price of $0.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 52400.0 shares which gives us an average trading volume of 781.16K if we extend that period to 3-months.
cbdMD Inc (AMEX:YCBD) trade information
Upright in the green during last session for gaining 21.41%, in the last five days YCBD remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $0.91 price level, adding 32.09% to its value on the day. cbdMD Inc’s shares saw a change of -12.50% in year-to-date performance and have moved 32.85% in past 5-day. cbdMD Inc (AMEX:YCBD) showed a performance of 34.79% in past 30-days. Number of shares sold short was 0.26 million shares which calculate 7.01 days to cover the short interests.
cbdMD Inc (YCBD) estimates and forecasts
This year revenue growth is estimated to fall -6.80% 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 $5.4 million for the same. And 1 analysts are in estimates of company making revenue of $5.71 million in the next quarter that will end on Jun 2024.
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 -40.95% during past 5 years.
YCBD Dividends
cbdMD Inc is more likely to be releasing its next quarterly report between May 13 and May 17 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.
cbdMD Inc (AMEX:YCBD)’s Major holders
Insiders are in possession of 20.65% of company’s total shares while institution are holding 8.06 percent of that, with stock having share float percentage of 10.15%. Investors also watch the number of corporate investors in a company very closely, which is 8.06% institutions for cbdMD Inc that are currently holding shares of the company. AXS Investments, LLC is the top institutional holder at YCBD for having 91204.0 shares of worth $82995.0. And as of Dec 30, 2023, it was holding 3.00% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 31311.0 shares on Dec 30, 2023. The number of shares represents firm’s hold over 1.03% of outstanding shares, having a total worth of $28493.0.
On the other hand, Vanguard Extended Market Index Fund and Amplify Seymour Cannabis ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 13042.0 shares of worth $11868.0 or 0.43% of the total outstanding shares. The later fund manager was in possession of 12228.0 shares on Oct 30, 2023, making its stake of worth around $11127.0 in the company or a holder of 0.40% of company’s stock.
