ToughBuilt Industries Inc. (NASDAQ:TBLT) finished Wednesday with a subtraction of -$0.03 to close at $0.25, a downside of -9.55 percent. An average of 1,084,820 shares of common stock have been traded in the last five days. There was a fall of -$0.0181 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,028,315 shares traded, while the 50-day average volume stands at 1,646,822.
TBLT stock has decreased by -22.78% in the last month. The company shares reached their 1-month lowest point of $0.2312 on 08/23/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.25 and a high of $4.48 in 52 weeks. It has reached a new high 1 time so far this year and lost -89.32% or -$2.0901 in price. In spite of this, the price is down -94.42% from the 52-week high.
Valuation Metrics
ToughBuilt Industries Inc. (TBLT) stock’s beta is 2.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.05, the price-to-book (PB) ratio at 0.17.
Financial Health
The quick ratio of ToughBuilt Industries Inc. for the three months ended June 29 was 0.30, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.06 for the quarter ending June 29. Its gross profit as reported stood at $25.21 million compared to revenue of $95.25 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, ToughBuilt Industries Inc.’s return on assets was -51.50%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$8.28 million in the quarter, while revenues were shrunk -46.14%. The analyst consensus anticipated ToughBuilt Industries Inc.’s latest quarter earnings to come in at -$0.57 per share, but it turned out to be -$0.36, a 36.80% surprise. For the quarter, EBITDA amounted to -$10.11 million. Shareholders own equity worth $33.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ToughBuilt Industries Inc. (TBLT) price momentum. RSI 9-day as of the close on 23 August was 25.21%, suggesting the stock is oversold, with historical volatility in this time frame at 97.60%.
As of today, TBLT’s price is $0.2677 -6.75% or -$0.0181 from its 5-day moving average. TBLT is currently trading -23.58% lower than its 20-day SMA and -79.13% lower than its 100-day SMA. However, the stock’s current price level is -68.07% below the SMA50 and -87.69% below the SMA200.
The stochastic %K and %D were 15.45% and 15.08%, respectively, and the average true range (ATR) was 0.0284. With the 14-day stochastic at 12.48% and the average true range at 0.0313, the RSI (14) stands at 29.79%. The stock has reached -0.0141 on the 9-day MACD Oscillator while the 14-day reading was at -0.0382.
