Smart for Life Inc. (NASDAQ:SMFL) saw an upside of 9.39% to $1.98 after adding $0.17 on Monday. The 5-day average trading volume is 640,282 shares of the company’s common stock. It has gained $2.3500 in the past week and touched a new high 2 times within the past 5 days. An average of 220,470 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 145,302.
SMFL’s 1-month performance is -7.69% or -$0.2450 on its low of $1.6400 reached on 08/02/23. The company’s shares have touched a 52-week low of $1.64 and high of $101.32, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, SMFL has lost -94.38% or -$33.3500 and has reached a new high 3 times. However, the current price is down -98.05% from the 52-week high price.
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Insider Transactions
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.
Valuation Metrics
SMFL stock has a beta of 0.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.19.
In terms of profitability, the gross margin trailing 12 months is 26.60%. The firm’s gross profit as reported stood at $4.88 million against revenue of $17.77 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -287.15% to -$4.28 million, while revenue of -$8.67 million was -102.57% off the previous quarter. Analysts expected SMFL to announce $0 per share in earnings in its latest quarter, but it posted -$16.29. EBITDA for the quarter stood at more than -$2.07 million. SMFL stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 34.15 million, with total debt at $24.34 million. Shareholders hold equity totaling $1.42 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 04 August was 40.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 88.75%.
The stock’s 5-day moving average is $1.9380, reflecting a -6.35% or -$0.1289 change from its current price. SMFL is currently trading -10.92% above its 20-day SMA, -92.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -72.93% and SMA200 by-96.83%.
Stochastic %K and %D was 31.46% and 39.60% and the average true range (ATR) pointed at 0.3051. The RSI (14) points at 35.31%, while the 14-day stochastic is at 36.62% with the period’s ATR at 0.3321. The stock’s 9-day MACD Oscillator is pointing at -0.0915 and -0.0825 on the 14-day charts.
Analyst Ratings
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.
