Splash Beverage Group Inc (AMEX:SBEV) – Experts See The Stock A Different Way Today

In today’s recent session, 0.88 million shares of the Splash Beverage Group Inc (AMEX:SBEV) have been traded, and its beta is 1.03. Most recently the company’s share price was $0.17, and it changed around -$0.02 or -8.31% from the last close, which brings the market valuation of the company to $10.34M. SBEV at last check was trading at a discount to its 52-week high of $0.73, offering almost -329.41% off that amount. The share price’s 52-week low was $0.14, which indicates that the recent value has risen by an impressive 17.65% since then. We note from Splash Beverage Group Inc’s average daily trading volume that its 10-day average is 0.33 million shares, with the 3-month average coming to 448.52K.

Splash Beverage Group Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended SBEV as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Splash Beverage Group Inc is expected to report earnings per share of -0.08 for the current quarter.

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Splash Beverage Group Inc (AMEX:SBEV) trade information

Instantly SBEV has been showing red trend so far today with a performance of -8.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2020 on recent trading dayincreased the stock’s daily price by 15.84%. The company’s shares are currently down -69.23% year-to-date, but still down -9.53% over the last five days. On the other hand, Splash Beverage Group Inc (AMEX:SBEV) is -12.87% down in the 30-day period. We can see from the shorts that 0.22 million shares have been sold at a short interest cover period of 0.4 day(s).

The consensus price target as assigned by Wall Street analysts is $0.5, which translates to bulls needing to increase their stock price by 66.0% from its current value. Analyst projections state that SBEV is forecast to be at a low of $0.5 and a high of $0.5.

Splash Beverage Group Inc (SBEV) estimates and forecasts

Splash Beverage Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -32.00 percent over the past six months and at a 28.57% annual growth rate that is well above the industry average of 3.20%. The year-over-year growth rate is expected to be -72.38%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.64M in revenue for the current quarter. 1 analysts expect Splash Beverage Group Inc to make 3.16M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.69M and 1.54M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -39.13%. Forecasts for the next quarter put sales growth at 105.23%.

SBEV Dividends

Splash Beverage Group Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 16.99% of Splash Beverage Group Inc shares, and 7.06% of them are in the hands of institutional investors. The stock currently has a share float of 8.50%. Splash Beverage Group Inc stock is held by 33.0 institutions, with CHOREO, LLC being the largest institutional investor. By 2024-06-30, it held 3.0486% of the shares, which is about 1.37 million shares worth $0.34 million.

VANGUARD GROUP INC, with 2.8082% or 1.26 million shares worth $0.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.