Splash Beverage Group Inc (AMEX: SBEV) Could Increase In Price By -941.67% Or More

Splash Beverage Group Inc (AMEX:SBEV)’s traded shares stood at 0.41 million during the latest session, with the company’s beta value hitting 1.03. At the last check today, the stock’s price was $0.48, to imply a decrease of -6.17% or -$0.03 in intraday trading. The SBEV share’s 52-week high remains $0.82, putting it -70.83% down since that peak but still an impressive 58.33% since price per share fell to its 52-week low of $0.20. The company has a valuation of $27.61M, with an average of 0.74 million shares in intraday trading volume over the past 10 days and average of 977.47K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Splash Beverage Group Inc (SBEV), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SBEV a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.

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Splash Beverage Group Inc (AMEX:SBEV) trade information

After registering a -6.17% downside in the latest session, Splash Beverage Group Inc (SBEV) has traded red over the past five days. The 5-day price performance for the stock is 33.44%, and 33.10% over 30 days. With these gigs, the year-to-date price performance is -13.02%. Short interest in Splash Beverage Group Inc (AMEX:SBEV) saw shorts transact 99994.0 shares and set a 0.16 days time to cover.

The extremes give us $1 and $5 for target low and target high price respectively. As such, SBEV has been trading -941.67% off suggested target high and -108.33% from its likely low.

Splash Beverage Group Inc (SBEV) estimates and forecasts

Looking at statistics comparing Splash Beverage Group Inc share performance against respective industry, we note that the company has outperformed competitors. Splash Beverage Group Inc (SBEV) shares are -8.62% down over the last 6 months, with its year-to-date growth rate higher than industry average at 30.61% against 7.10%. Revenue is forecast to grow 46.20% this quarter before jumping 46.20% for the next one. The rating firms project that company’s revenue will shrink -33.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 4.75M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 4.62M.Earnings reports from the last fiscal year show that sales brought in 5.14M and 2.69M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.70% before jumping 71.80% in the following quarter.

SBEV Dividends

Splash Beverage Group Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Splash Beverage Group Inc (AMEX:SBEV)’s Major holders

Splash Beverage Group Inc insiders hold 19.14% of total outstanding shares, with institutional holders owning 7.31% of the shares at 9.04% float percentage. In total, 7.31% institutions holds shares in the company, led by CHOREO, LLC. As of 2024-06-30, the company held over 1.37 million shares (or 3.0486% of shares), all amounting to roughly $0.34 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.26 million shares, or about 2.8082% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.29 million.