The Vanguard Group, Inc. has recently announced that it has increased stake in Tattooed Chef Inc. (NASDAQ:TTCF) by 1.49%. After grabbing 2.61 million shares, the institutional investor is now in possession of 38243.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 3.12% having worth around $4.02 million. Moreover, SSgA Funds Management, Inc. increased its share by 73069.0 to have a control over 1.07 million shares. And Geode Capital Management LLC raised its holdings to 0.11 million shares by acquiring 1.02 million shares or 1.22% of the stake.
Tattooed Chef Inc. (TTCF) concluded trading on 05/24/23 at a closing price of $0.61, with 1.11 million shares of worth about $0.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.48% during that period and on Wednesday the price saw a loss of about -8.36%. Currently the company’s common shares owned by public are about 83.23M shares, out of which, 48.56M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $0.60 and could fall to a lowest price of $0.60. The stock’s current price level is 64.12% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.67% for the stock. However, touching the estimated high of $0.60 would mean a loss of -1.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 1,198,554 shares in 8 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Tattooed Chef Inc. Vanguard Total Stock Market ETF is currently holding 1.09 million shares of worth totaling $1.67 million. The company recently came buying 0.0 shares which brought its stake up to 1.30% of the company’s outstanding shares. iShares Russell 2000 ETF sold 15360.0 shares, after which its hold over company’s outstanding shares shrunk to 1.25%, leaving 1.05 million shares with the mutual fund that have a worth of about $1.61 million. Vanguard Extended Market Index Fu, after buying 0.67 million shares, have now control over 0.80% of the stake in the company. It holds 0.0 shares of worth $1.03 million.
However, the stock later moved at a day high price of 0.6600, or with a loss of -8.36%. Stock saw a price change of -4.56% in past 5 days and over the past one month there was a price change of -61.49%. Year-to-date (YTD), TTCF shares are showing a performance of -50.54% which decreased to -91.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.61 but also hit the highest price of $8.43 during that period. The average intraday trading volume for Tattooed Chef Inc. shares is 1.03 million. The stock is currently trading -48.86% below its 20-day simple moving average (SMA20), while that difference is down -55.22% for SMA50 and it goes to -78.72% lower than SMA200.
The Vanguard Group, Inc. acquired 2.61 million shares of Tattooed Chef Inc. having value of about $4.02 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 38243.0 shares in the company valued at close to $23328.23, or have control over 1.49% stake in the company. Tattooed Chef Inc. (NASDAQ: TTCF) currently have 83.23M outstanding shares and institutions hold larger chunk of about 16.20% of that. Holding of mutual funds in the company is about 6.65% while other institutional holders and individual stake holders have control over 8.51% and 43.59% of the stake respectively.
The stock has a current market capitalization of $52.56M and its 3Y-monthly beta is at 0.66. It has posted earnings per share of -$1.20 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTCF, volatility over the week remained 13.03% while standing at 11.05% over the month.
Analysts are in expectations that Tattooed Chef Inc. (TTCF) stock would likely to be making an EPS of -$0.24 in the current quarter, while forecast for next quarter EPS is -$0.22 and it is -$0.75 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.27 which is -$0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.21 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Tattooed Chef Inc. (TTCF)’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”.
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