Freshpet Inc. (NASDAQ:FRPT) finished Friday with an addition of $0.23 to close at $79.53, an upside of 0.29 percent. An average of 1,210,560 shares of common stock have been traded in the last five days. There was a gain of $5.79 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 700,395 shares traded, while the 50-day average volume stands at 577,760.
FRPT stock has increased by 20.21% in the last month. The company shares reached their 1-month lowest point of $64.31 on 07/21/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $36.02 and a high of $84.70 in 52 weeks. It has reached a new high 20 times so far this year and achieved 50.71% or $26.76 in price. In spite of this, the price is down -6.10% from the 52-week high.
Insider Transactions
FRPT stock investors should be aware that Freshpet Inc. (FRPT) stock had its last reported insider trading activity 94 days ago on May 10.
Valuation Metrics
Freshpet Inc. (FRPT) stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.02, the price-to-book (PB) ratio at 4.03.
Financial Health
The quick ratio of Freshpet Inc. for the three months ended June 29 was 8.00, and the current ratio was 9.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Freshpet Inc.’s EBITDA margin for the year ending June 29 is -2.51%, while its operating margin for the same period stands at -9.20%. Its gross profit as reported stood at $186.03 million compared to revenue of $595.34 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, Freshpet Inc.’s return on assets was -5.50%.
Earnings Surprise
For the three-month period that ended June 29, Freshpet Inc. had $114.44 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$16.95 million in the quarter, while revenues of -$24.79 million were shrunk -21.47%. The analyst consensus anticipated Freshpet Inc.’s latest quarter earnings to come in at -$0.43 per share, but it turned out to be -$0.35, a 18.60% surprise. For the quarter, EBITDA amounted to -$2.75 million. Shareholders own equity worth $48.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Freshpet Inc. (FRPT) price momentum. RSI 9-day as of the close on 11 August was 72.00%, suggesting the stock is Overbought, with historical volatility in this time frame at 58.17%.
As of today, FRPT’s price is $80.07 +7.85% or $5.79 from its 5-day moving average. FRPT is currently trading +20.66% higher than its 20-day SMA and +34.68% higher than its 100-day SMA. However, the stock’s current price level is +33.08% above the SMA50 and +44.18% above the SMA200.
The stochastic %K and %D were 72.90% and 75.63%, respectively, and the average true range (ATR) was 3.11. With the 14-day stochastic at 72.02% and the average true range at 2.89, the RSI (14) stands at 70.62%. The stock has reached 2.15 on the 9-day MACD Oscillator while the 14-day reading was at 4.62.
Analyst Ratings
JP Morgan downgraded Freshpet Inc. (NASDAQ: FRPT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Freshpet Inc. (FRPT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FRPT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
