Sabby Management LLC recently announced the acquisition of new stake in ToughBuilt Industries Inc. (NASDAQ:TBLT). This fresh investment now brings its stake to 3.53% valued currently at $0.9 million. In addition, Renaissance Technologies LLC raised its holdings by 0.32 million to 0.36 million shares.
With over 5.05 million ToughBuilt Industries Inc. (TBLT) shares trading Tuesday and a closing price of $2.67 on the day, the dollar volume was approximately $13.49 million. The shares have shown a negative half year performance of -49.43% and its price on 11/22/22 gained nearly 5.12%. Currently, there are 12.33M common shares owned by the public and among those 2.04M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for TBLT have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00. The average price target is 55.5% above its recent price level and an upside to the estimated low will see the stock gain 55.5% over that period. But an upside of 55.5% will see the stock hit the forecast high price target while median target price for the stock is $6.00.
Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 263,365 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in ToughBuilt Industries Inc. are Vanguard Extended Market Index Fu, DFA US Micro Cap Portfolio, and DFA US Targeted Value Portfolio. Vanguard Extended Market Index Fu owns 8301.0 shares of the company’s stock, all valued at over $17183.0. DFA US Targeted Value Portfolio bought 7200.0 shares to bring its total holdings to over 7200.0 shares at a value of $14904.0. DFA US Targeted Value Portfolio now owns shares totaling to 0.06% of the shares outstanding.
Shares of ToughBuilt Industries Inc. (NASDAQ: TBLT) opened at $2.60, up $0.06 from a prior closing price of $2.54. However, the script later moved the day high at 2.9000, up 5.12%. The company’s stock has a 5-day price change of -17.08% and -29.92% over the past three months. TBLT shares are trading -95.12% year to date (YTD), with the 12-month market performance down to -95.65% lower. It has a 12-month low price of $1.34 and touched a high of $64.50 over the same period. TBLT has an average intraday trading volume of 2.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.06%, 15.74%, and -74.64% respectively.
Institutional ownership of ToughBuilt Industries Inc. (NASDAQ: TBLT) shares accounts for 11.20% of the company’s 12.33M shares outstanding. Mutual fund holders own 0.26%, while other institutional holders and individual stakeholders account for 10.90% and — respectively.
It has a market capitalization of $32.15M and a beta (3y monthly) value of 3.00. The earnings-per-share (ttm) stands at -$51.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.66% over the week and 11.99% over the month.
Analysts forecast that ToughBuilt Industries Inc. (TBLT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.93 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$13.5 a year ago. Earnings per share for the fiscal year are expected to increase by 45.40%, and 86.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate ToughBuilt Industries Inc. (TBLT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”