UBS Securities LLC has recently announced that it has increased stake in Smart for Life Inc. (NASDAQ:SMFL) by 23.34%. After grabbing 25299.0 shares, the institutional investor is now in possession of 4787.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.08% having worth around $10069.0. Moreover, Janney Montgomery Scott LLC increased its share by 20000.0 to have a control over 20000.0 shares. And HRT Financial LLC raised its holdings to 18425.0 shares by acquiring 18425.0 shares or 0.06% of the stake.
Smart for Life Inc. (SMFL) concluded trading on 01/11/23 at a closing price of $0.23, with 0.77 million shares of worth about $0.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.78% during that period and on Wednesday the price saw a loss of about -6.78%. Currently the company’s common shares owned by public are about 28.01M shares, out of which, 18.99M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 14 times over the past 12 months. They bought 1,162,505 shares in 13 of the transactions. In 1 selling transactions, insiders dumped 888 shares.
However, the stock later moved at a day high price of 0.2482, or with a loss of -6.78%. Stock saw a price change of -4.25% in past 5 days and over the past one month there was a price change of -45.00%. Over the period of past 52 weeks, stock dropped to lowest price of $0.19 but also hit the highest price of $3.25 during that period. The average intraday trading volume for Smart for Life Inc. shares is 103.26K. The stock is currently trading -8.67% below its 20-day simple moving average (SMA20), while that difference is down -35.15% for SMA50 and it goes to -57.58% lower than SMA200.
UBS Securities LLC acquired 25299.0 shares of Smart for Life Inc. having value of about $10069.0. Data submitted at the U.S SEC by UBS Securities LLC revealed that the firm now holds 4787.0 shares in the company valued at close to $1101.01, or have control over 23.34% stake in the company. Smart for Life Inc. (NASDAQ: SMFL) currently have 28.01M outstanding shares and institutions hold larger chunk of about 0.40% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over 42.53% and — of the stake respectively.
The stock has a current market capitalization of $7.22M. It has posted earnings per share of -$0.93 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 10.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMFL, volatility over the week remained 10.05% while standing at 16.91% over the month.
Analysts are in expectations that Smart for Life Inc. (SMFL) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $1.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.02 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -156.30% while it is estimated to increase by 143.50% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Smart for Life Inc. (SMFL)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.