Better Choice Company Inc (AMEX:BTTR) finished Friday with a subtraction of $0.0 to close at $0.12, an upside of 5.08 percent. An average of 1,362,120 shares of common stock have been traded in the last five days. There was a gain of $0.0030 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,221,520 shares traded, while the 50-day average volume stands at 568,920.
BTTR stock has decreased by -34.43% in the last month. The company shares reached their 1-month lowest point of $0.1108 on 09/22/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.11 and a high of $1.24 in 52 weeks. It has reached a new high 6 times so far this year and lost -76.99% or -$0.4150 in price. In spite of this, the price is down -90.00% from the 52-week high.
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Valuation Metrics
Better Choice Company Inc (BTTR) stock’s beta is 0.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.10, the price-to-book (PB) ratio at 0.23.
Financial Health
The quick ratio of Better Choice Company Inc for the three months ended June 29 was 0.97, and the current ratio was 1.71, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.31 for the quarter ending June 29. Its gross profit as reported stood at $15.26 million compared to revenue of $54.66 million.
Earnings Surprise
For the three-month period that ended June 29, Better Choice Company Inc had $2.55 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 -$2.96 million in the quarter, while revenues of -$3.48 million were shrunk -47.64%. The analyst consensus anticipated Better Choice Company Inc’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.1, a -100.00% surprise. For the quarter, EBITDA amounted to -$2.03 million. Shareholders own equity worth $30.58 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Better Choice Company Inc (BTTR) price momentum. RSI 9-day as of the close on 29 September was 35.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.30%.
As of today, BTTR’s price is $0.1199 +2.48% or $0.0030 from its 5-day moving average. BTTR is currently trading -35.08% lower than its 20-day SMA and -64.67% lower than its 100-day SMA. However, the stock’s current price level is -50.44% below the SMA50 and -79.67% below the SMA200.
The stochastic %K and %D were 16.87% and 15.40%, respectively, and the average true range (ATR) was 0.0178. With the 14-day stochastic at 23.28% and the average true range at 0.0206, the RSI (14) stands at 34.36%. The stock has reached -0.0034 on the 9-day MACD Oscillator while the 14-day reading was at -0.0078.
Analyst Ratings
The consensus rating for Better Choice Company Inc (BTTR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTTR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BTTR’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Better Choice Company Inc (BTTR) stock is $4.00.
