The Price Target For ToughBuilt Industries Inc. (TBLT)?

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ToughBuilt Industries Inc. (NASDAQ:TBLT) traded with an addition of $0.24 to close at $2.22 on Friday, an upside of 12.12 percent. An average of 592,848 shares of common stock have been traded in the last five days. There was a gain of $0.2550 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 567,422 shares traded, while the 50-day average volume stands at 2,609,463.

TBLT stock has decreased by -12.39% in the last month. The company shares reached their 1-month lowest point of $1.7250 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.34 and a high of $60.00 in 52 weeks. It has reached a new high 2 times so far this year and lost -96.38% or -$52.5950 in price. In spite of this, the price is down -96.30% from the 52-week high.

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Valuation Metrics

ToughBuilt Industries Inc. (TBLT) stock’s beta is 2.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.29, the price-to-book (PB) ratio at 0.43.

Financial Health

The quick ratio of ToughBuilt Industries Inc. for the three months ended September 29 was 0.70, and the current ratio was 1.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.03 for the quarter ending September 29. Its gross profit as reported stood at $19.11 million compared to revenue of $70.03 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ToughBuilt Industries Inc.’s return on assets was -46.50%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $0.54 million in the quarter, while revenues of -$12.14 million were grew 1783.33%. The analyst consensus anticipated ToughBuilt Industries Inc.’s latest quarter earnings to come in at -$0.93 per share, but it turned out to be $0.41, a 144.10% surprise. For the quarter, EBITDA amounted to -$8.15 million. Shareholders own equity worth $12.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ToughBuilt Industries Inc. (TBLT) price momentum. RSI 9-day as of the close on 29 December was 57.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 84.15%.

As of today, TBLT’s price is $1.9470 +13.42% or $0.2550 from its 5-day moving average. TBLT is currently trading -5.90% lower than its 20-day SMA and -66.95% lower than its 100-day SMA. However, the stock’s current price level is +1.65% above the SMA50 and -91.81% below the SMA200.

The stochastic %K and %D were 40.65% and 25.48%, respectively, and the average true range (ATR) was 0.1934. With the 14-day stochastic at 69.92% and the average true range at 0.2046, the RSI (14) stands at 51.61%. The stock has reached 0.0400 on the 9-day MACD Oscillator while the 14-day reading was at -0.0275.

Analyst Ratings

The consensus rating for ToughBuilt Industries Inc. (TBLT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TBLT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is TBLT’s price target for the next 12 months?

Analysts predict a range of price targets between $6.00 and $6.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for ToughBuilt Industries Inc. (TBLT) stock is $6.00.

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