At the last check on Friday, Splash Beverage Group Inc.’s (AMEX:SBEV) stock was up $0.05, moving up 7.82 percent to $0.78. The average number of shares traded per day over the past five days has been 501,218 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0198 gain in that time frame. In the last twenty days, the average volume was 348,825, while in the previous 50 days, it was 253,530.
Since last month, SBEV stock retreated -21.50%. Shares of the company fell to $0.6485 on 08/10/23, the lowest level in the past month. A 52-week high of $2.61 was reached on 03/20/23 after having rallying from a 52-week low of $0.65. Since the beginning of this year, SBEV’s stock price has dropped by -18.35% or -$0.1716, and marked a new high 16 times. However, the stock has declined by -69.93% since its 52-week high.
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SBEV stock investors should be aware that Splash Beverage Group Inc. (SBEV) stock had its last reported insider trading activity 63 days ago on Jun 16. Nistico Robert, the CEO and Chairman of the company, purchased of 7,000 shares for $1.01 on Jun 16. It resulted in a $7,070 investment by the insider. Nistico Robert added 12,000 shares at an average price of $1.15 on Apr 14. The insider now owns 1,379,000 shares following the transaction. On Apr 13, CEO and Chairman Nistico Robert bought 17,000 shares at $1.17 apiece. The transaction was valued at $19,882.
Financial Health
In the three months ended June 29, Splash Beverage Group Inc.’s quick ratio stood at 1.20, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 34.30% percent. In the year ended June 29, operating margins totaled -95.80%. Based on annual data, SBEV earned $5.92 million in gross profit and brought in $18.09 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -165.80%. Return on equity (ROE) for the past 12 months was -202.50%.
In Splash Beverage Group Inc.’s quarter-end financial report for June 29, it reported total debt of $0.24 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SBEV’s revenue rose 13.29% to $5.82 million during the quarter, while net income inched up to $5.19 million. While analysts expected Splash Beverage Group Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.13 per share. During the quarter, the company generated -$2.96 million in EBITDA. The liabilities of Splash Beverage Group Inc. were 9.16 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $42.81 million.
Technical Picture
This quick technical analysis looks at Splash Beverage Group Inc.’s (SBEV) price momentum. With a historical volatility rate of 76.89%, the RSI 9-day stood at 45.83% on 17 August.
With respect to its five-day moving average, the current Splash Beverage Group Inc. price is up by +2.57% percent or $0.0198. At present, SBEV shares trade -16.86% below its 20-day simple moving average and -50.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.06% below its SMA50 and -34.18% below its SMA200.
Stochastic coefficient K was 33.76% and Stochastic coefficient D was 31.68%, while ATR was 0.0892. Given the Stochastic reading of 50.20% for the 14-day period, the RSI (14) reading has been calculated as 41.28%.
Analyst Ratings
Splash Beverage Group Inc. (SBEV) has been rated Buy by analysts. According to 0 brokerage firms, SBEV is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Splash Beverage Group Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $2.50, the current consensus forecast for the stock is $2.50 – $3.00. Based on these forecasts, analysts predict Splash Beverage Group Inc. (SBEV) will achieve an average price target of $2.67.
