The stock of ToughBuilt Industries Inc. (NASDAQ:TBLT) decreased by -$0.05 on Tuesday to finish at $0.27, down -16.89 percent. The last five days have seen an average of 848,500 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$2.0740. The average number of shares traded over the last 20 days was 968,445, while the average volume over the last 50 days totaled 1,535,016.
TBLT stock dropped -31.76% since last month. On 08/15/23, the company’s shares reached a one-month low of $0.2518. The stock touched a high of $5.63 on 01/03/23, after rallying from a low of $0.25 in 52 weeks. The price of TBLT stock has declined by -88.63% or -$2.0740 this year, reaching a new high 1 time. Still, the stock price is down -95.27% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.06, the price-to-book (PB) ratio of 0.18.
Financial Health
For the three months ended September 29, ToughBuilt Industries Inc.’s quick ratio was 0.30, while its current ratio was 1.00, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 26.20% percent. ToughBuilt Industries Inc.’s EBITDA margin for the year ended September 29 was -49.76%, whereas its operating margin stood at -52.90% for the same period. Based on annual data, it had gross profit of $25.21 million and revenue of $95.25 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TBLT’s return on assets (ROA) during the last 12 months has been -51.50%. There was a -170.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -120.60%.
Earnings Surprise
According to ToughBuilt Industries Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $20.21 million, while revenues rose by 14.79% to $29.9 million. It was predicted that ToughBuilt Industries Inc.’s quarterly earnings would be $0.41, but it ended up being -$0.93, beating the consensus by 144.10%. EBITDA was -$13.64 million for the quarter. At the end of ToughBuilt Industries Inc.’s most recent quarter ended September 29, its liabilities totaled 52.36 million, while its total debt was $5.45 million. Equity owned by shareholders amounts to $14.95 million.
Technical Picture
Here’s a quick look at ToughBuilt Industries Inc.’s (TBLT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 26.25%, suggesting the stock is oversold, with a 110.78% historical volatility rate.
The stochastic %K and %D were 15.97% and 24.03% respectively, while the average true range (ATR) was 0.0355. Based on the 14-day stochastic reading of 10.27%, the RSI (14) reading is 30.86%. On the 9-day MACD Oscillator, the stock is at -0.0312, and the 14-day reading is at -0.0291.
Analyst Ratings
Analysts have assigned ToughBuilt Industries Inc. (TBLT) an Buy rating. TBLT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TBLT’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $2.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for ToughBuilt Industries Inc. (TBLT) is $2.00.
