ToughBuilt Industries Inc. (NASDAQ:TBLT) saw an upside of 0.24% to $0.51 after adding $0.01 on Tuesday. The 5-day average trading volume is 1,770,324 shares of the company’s common stock. It has gained $0.5380 in the past week. An average of 2,587,276 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,093,516.
TBLT’s 1-month performance is -11.57% or -$0.0649 on its low of $0.4777 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.46 and high of $1.78, with the stock’s rally to the 52-week high happening on 02/09/21. YTD, TBLT has lost -36.42% or -$0.2877. However, the current price is down -71.61%% from the 52-week high price.
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ToughBuilt Industries Inc. (TBLT) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.54 for the sector.TBLT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.15 while the price-to-book (PB) in the most recent quarter is 0.81.
ToughBuilt Industries Inc.’s quick ratio for the period ended June 29 was 3.60, with the current ratio over the same period at 5.50 meaning that TBLT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 25.50%. The trailing 12-month EBITDA margin is -34.89% while for the period ending June 29; ToughBuilt Industries Inc.’s operating margin was -38.40%. The firm’s gross profit as reported stood at $11.75 million against revenue of $39.43 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.85% to $15.85 million, while revenue of $12.28 million was 22.52% off the previous quarter. Analysts expected TBLT to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.09, representing a -50.00% surprise. EBITDA for the quarter stood at more than -$6.97 million. TBLT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.77 million. Shareholders hold equity totaling $129.3 million
Let’s look briefly at ToughBuilt Industries Inc. (TBLT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 48.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.93%.
The stock’s 5-day moving average is $0.4937, reflecting a +1.47% or $0.0073 change from its current price. TBLT is currently trading -7.59% above its 20-day SMA, -35.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.09% and -38.37% respectively.
Stochastic %K and %D was 29.32% and 20.90% and the average true range (ATR) pointed at 0.0260. The RSI (14) points at 45.28%, while the 14-day stochastic is at 38.17% with the period’s ATR at 0.0284. The stock’s 9-day MACD Oscillator is pointing at -0.0001 and -0.0042 on the 14-day charts.
Analysts offering their rating for TBLT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TBLT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TBLT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $1.50, with their median price target at $1.50. Looking at these predictions, the average price target given by analysts is for ToughBuilt Industries Inc. (TBLT) stock is $1.50.