The Real Good Food Company Inc. (NASDAQ:RGF) finished Thursday with a subtraction of -$0.31 to close at $4.04, a downside of -7.14 percent. An average of 736,120 shares of common stock have been traded in the last five days. There was a fall of -$0.13 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 232,475 shares traded, while the 50-day average volume stands at 108,872.
RGF stock has decreased by -4.72% in the last month. The company shares reached their 1-month lowest point of $3.94 on 08/24/23. With the stock rallying to its 52-week high on 01/05/23, shares of the company touched a low of $3.11 and a high of $7.74 in 52 weeks. It has reached a new high 2 times so far this year and lost -39.06% or -$2.59 in price. In spite of this, the price is down -47.80% from the 52-week high.
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Insider Transactions
RGF stock investors should be aware that The Real Good Food Company Inc. (RGF) stock had its last reported insider trading activity 2 days ago on Aug 23. In this transaction, the insider spent $7,225. 10% Owner, Strand Equity Partners III, LL, disposed of 6 shares at a price of $4.25 on Aug 22. The insider now owns more than $26 worth of shares. Prior to that, 10% Owner Strand Equity Partners III, LL went on to Sale 2,972 shares at $4.27 each on Aug 21. An amount of $12,690 was transacted.
Valuation Metrics
The Real Good Food Company Inc. (RGF) stock’s beta is 0.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 3.16.
Financial Health
The quick ratio of The Real Good Food Company Inc. for the three months ended March 30 was 0.70, and the current ratio was 2.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.33 and a total debt to equity ratio of 3.45 for the quarter ending March 30. The Real Good Food Company Inc.’s EBITDA margin for the year ending March 30 is -24.85%, while its operating margin for the same period stands at -28.60%. Its gross profit as reported stood at $13.25 million compared to revenue of $141.59 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, The Real Good Food Company Inc.’s return on assets was -8.70%.
Earnings Surprise
For the three-month period that ended March 30, The Real Good Food Company Inc. had $74.02 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.17 million in the quarter, while revenues of -$3.69 million were grew 36.21%. The analyst consensus anticipated The Real Good Food Company Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.53, a -120.80% surprise. For the quarter, EBITDA amounted to -$8.93 million. Shareholders own equity worth $25.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Real Good Food Company Inc. (RGF) price momentum. RSI 9-day as of the close on 24 August was 41.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.37%.
As of today, RGF’s price is $4.22 -3.00% or -$0.13 from its 5-day moving average. RGF is currently trading -9.01% lower than its 20-day SMA and -4.27% lower than its 100-day SMA. However, the stock’s current price level is +20.60% above the SMA50 and -40.05% below the SMA200.
The stochastic %K and %D were 31.09% and 34.50%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 13.16% and the average true range at 0.29, the RSI (14) stands at 45.88%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Analyst Ratings
The consensus rating for The Real Good Food Company Inc. (RGF) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RGF, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is RGF’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $11.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for The Real Good Food Company Inc. (RGF) stock is $9.33.
