Kartoon Studios Inc. (AMEX:TOON) saw a downside of -8.33% to close Friday at $1.43 after subtracting -$0.13 on the day. The 5-day average trading volume is 582,780 shares of the company’s common stock. It has gained $2.0500 in the past week and touched a new high 1 time within the past 5 days. An average of 520,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 714,258.
TOON’s 1-month performance is -27.78% or -$0.7200 on its low of $1.4200 reached on 08/18/23. The company’s shares have touched a 52-week low of $1.50 and high of $8.42, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, TOON has lost -69.25% or -$3.2200 and has reached a new high 15 times. However, the current price is down -83.02% from the 52-week high price.
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Valuation Metrics
TOON stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.73 while the price-to-book (PB) in the most recent quarter is 0.53.
Kartoon Studios Inc.’s quick ratio for the recent period was 1.20, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 19.60%. The firm’s gross profit as reported stood at $12.94 million against revenue of $62.3 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 12.41% to -$15.23 million, while revenue of -$24.76 million was -62.57% off the previous quarter. EBITDA for the quarter stood at more than -$6.82 million. TOON stock balance sheet for the recent quarter shows that total liabilities totaled 90.47 million, with total debt at $61.65 million. Shareholders hold equity totaling $35.06 million.
Let’s look briefly at Kartoon Studios Inc. (TOON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 20.80% to suggest the stock is trending oversold, with historical volatility in this time period at 61.41%.
The stock’s 5-day moving average is $1.7160, reflecting a -28.86% or -$0.5800 change from its current price. TOON is currently trading -27.04% above its 20-day SMA, -44.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -41.99% and SMA200 by-78.00%.
Stochastic %K and %D was 3.50% and 10.77% and the average true range (ATR) pointed at 0.1744. The RSI (14) points at 28.70%, while the 14-day stochastic is at 0.97% with the period’s ATR at 0.1798. The stock’s 9-day MACD Oscillator is pointing at -0.2933 and -0.4202 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TOON stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TOON as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TOON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $10.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Kartoon Studios Inc. (TOON) stock is $10.00.
