Splash Beverage Group Inc. (AMEX:SBEV) saw a downside of -2.16% to $0.68 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 850,018 shares of the company’s common stock. It has gained $0.9300 in the past week and touched a new high 3 times within the past 5 days. An average of 501,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 305,376.
SBEV’s 1-month performance is -28.57% or -$0.2700 on its low of $0.5372 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.65 and high of $2.20, with the stock’s rally to the 52-week high happening on 03/20/23. YTD, SBEV has lost -29.27% or -$0.2814 and has reached a new high 16 times. However, the current price is down -69.09% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.25 while the price-to-book (PB) in the most recent quarter is 7.31.
Splash Beverage Group Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 1.18. In terms of profitability, the gross margin trailing 12 months is 34.30%. The firm’s gross profit as reported stood at $5.92 million against revenue of $18.09 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -2.67% to -$5.61 million, while revenue of -$3.73 million was 33.51% off the previous quarter. Analysts expected SBEV to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.13, representing a -30.00% surprise. EBITDA for the quarter stood at more than -$2.96 million. SBEV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.16 million, with total debt at $5.55 million. Shareholders hold equity totaling $42.81 million.
Let’s look briefly at Splash Beverage Group Inc. (SBEV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 34.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 134.94%.
The stock’s 5-day moving average is $0.7327, reflecting a -6.59% or -$0.0480 change from its current price. SBEV is currently trading -28.42% above its 20-day SMA, -57.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -30.62% and SMA200 by-35.85%.
Stochastic %K and %D was 24.91% and 33.79% and the average true range (ATR) pointed at 0.1225. The RSI (14) points at 34.70%, while the 14-day stochastic is at 36.35% with the period’s ATR at 0.1079. The stock’s 9-day MACD Oscillator is pointing at -0.0496 and -0.0540 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for SBEV stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SBEV as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is SBEV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $2.85, with their median price target at $2.50. Looking at these predictions, the average price target given by analysts is for Splash Beverage Group Inc. (SBEV) stock is $2.62.
