Smart for Life Inc. (NASDAQ:SMFL) saw an upside of 16.50% to $0.24 after adding $0.03 on Wednesday. The 5-day average trading volume is 171,665 shares of the company’s common stock. It has gained $0.3000 in the past week and touched a new high 2 times within the past 5 days. An average of 116,506 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 87,110.
SMFL’s 1-month performance is -50.36% or -$0.1504 on its low of $0.1900 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.19 and high of $3.25. However, the current price is down -92.62% from the 52-week high price.
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SMFL stock investors last saw insider trading activity on Dec 16.Trilogy Capital Group, LLC (10% Owner) most recently sold 1,161,000 shares at $0.26 per share on Dec 16. This transaction cost the insider $298,377. Executive Chairman, Cervantes Alfonso J. JR, sold 1,161,000 shares at a price of $0.26 on Dec 16. Then, on Jun 09, Director Altbach Ronald S. sold 888 shares at a price of $0.44 per share. This transaction amounted to $394.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.36 while the price-to-book (PB) in the most recent quarter is 2.94.
Smart for Life Inc.’s quick ratio for the recent period was 0.20, with the current ratio over the same period at 0.50. In terms of profitability, the gross margin trailing 12 months is 40.20%. The firm’s gross profit as reported stood at $2.9 million against revenue of $9.02 million.
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$1.95 million, while revenue of -$3.39 million was -73.85% off the previous quarter. EBITDA for the quarter stood at more than $0.81 million. SMFL stock balance sheet for the recent quarter shows that total liabilities totaled 32.1 million, with total debt at $23.89 million. Shareholders hold equity totaling $32.03 million.
Let’s look briefly at Smart for Life Inc. (SMFL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 42.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 203.39%.
The stock’s 5-day moving average is $0.2259, reflecting a +9.22% or $0.0215 change from its current price. SMFL is currently trading -37.90% above its 20-day SMA, -46.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.09% and SMA200 by-69.51%.
Stochastic %K and %D was 15.29% and 11.01% and the average true range (ATR) pointed at 0.0446. The RSI (14) points at 39.01%, while the 14-day stochastic is at 29.36% with the period’s ATR at 0.0432. The stock’s 9-day MACD Oscillator is pointing at -0.0071 and -0.0465 on the 14-day charts.
Analysts offering their rating for SMFL stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SMFL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is SMFL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $8.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Smart for Life Inc. (SMFL) stock is $8.00.