Staffing 360 Solutions Inc (NASDAQ: STAF) Surprises Bears, Looks Strong In The Long Term

In the last trading session, 1.39 million Staffing 360 Solutions Inc (NASDAQ:STAF) shares changed hands as the company’s beta touched 0.55. With the company’s per share price at $2.45 changed hands at $0.13 or 5.60% during last session, the market valuation stood at $2.23M. STAF’s last price was a discount, traded about -182.86% off its 52-week high of $6.93. The share price had its 52-week low at $1.08, which suggests the last value was 55.92% up since then. When we look at Staffing 360 Solutions Inc’s average trading volume, we note the 10-day average is 5.87 million shares, with the 3-month average coming to 2.18 million.

Analysts gave the Staffing 360 Solutions Inc (STAF) stock a consensus recommendation rating of Sell, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended STAF as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Staffing 360 Solutions Inc’s EPS for the current quarter is expected to be 0.03.

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Staffing 360 Solutions Inc (NASDAQ:STAF) trade information

Instantly STAF was in green as seen at the end of in last trading. With action 96.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -38.90%, with the 5-day performance at 96.00% in the green. However, in the 30-day time frame, Staffing 360 Solutions Inc (NASDAQ:STAF) is 46.71% up. Looking at the short shares, we see there were 2813.0 shares sold at short interest cover period of 0.03 days.

Staffing 360 Solutions Inc (STAF) estimates and forecasts

Data shows that the Staffing 360 Solutions Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.81% over the past 6 months, a 83.37% in annual growth rate that is considerably higher than the industry average of -16.70%. Year-over-year growth is forecast to reach -0.10% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 49.68M. 1 analysts are of the opinion that Staffing 360 Solutions Inc’s revenue for the current quarter will be 55.46M. The company’s revenue for the corresponding quarters a year ago was 63.47M and 2.23M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.70%. The estimates for the next quarter sales put growth at 2,391.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.00%.

STAF Dividends

Staffing 360 Solutions Inc is expected to release its next quarterly earnings report on 2024-Aug-12.

Staffing 360 Solutions Inc (NASDAQ:STAF)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 29.10% of Staffing 360 Solutions Inc shares while 9.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.93%.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . With 3.1 shares estimated at $7592.0 under it, the former controlled 0.34% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.16% of the shares, roughly 1.42 shares worth around $3481.0.