The Impact of Market Fluctuations on Stryve Foods Inc’s (SNAX) Stock

In the past week, SNAX stock has gone up by 1.30%, with a monthly decline of -5.86% and a quarterly plunge of -53.65%. The volatility ratio for the week is 19.85%, and the volatility levels for the last 30 days are 9.82% for Stryve Foods Inc The simple moving average for the past 20 days is -5.45% for SNAX’s stock, with a -64.55% simple moving average for the past 200 days.

Is It Worth Investing in Stryve Foods Inc (NASDAQ: SNAX) Right Now?

The 36-month beta value for SNAX is at 0.98. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for SNAX is 0.94M, and currently, shorts hold a 6.61% of that float. The average trading volume for SNAX on April 03, 2024 was 49.53K shares.

SNAX) stock’s latest price update

Stryve Foods Inc (NASDAQ: SNAX)’s stock price has dropped by -16.98 in relation to previous closing price of 1.45. Nevertheless, the company has seen a gain of 1.30% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-01 that Stryve Foods, Inc. (SNAX) Q4 2023 Earnings Call Transcript

SNAX Trading at -12.56% from the 50-Day Moving Average

After a stumble in the market that brought SNAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.55% of loss for the given period.

Volatility was left at 9.82%, however, over the last 30 days, the volatility rate increased by 19.85%, as shares sank -5.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.97% lower at present.

During the last 5 trading sessions, SNAX rose by +1.30%, which changed the moving average for the period of 200-days by -87.59% in comparison to the 20-day moving average, which settled at $1.2708. In addition, Stryve Foods Inc saw -53.65% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SNAX starting from Boever Christopher J., who purchase 3,000 shares at the price of $2.35 back on Dec 13 ’23. After this action, Boever Christopher J. now owns 323,938 shares of Stryve Foods Inc, valued at $7,047 using the latest closing price.

Boever Christopher J., the CEO of Stryve Foods Inc, purchase 1,250 shares at $2.29 during a trade that took place back on Dec 12 ’23, which means that Boever Christopher J. is holding 320,938 shares at $2,864 based on the most recent closing price.

Stock Fundamentals for SNAX

Current profitability levels for the company are sitting at:

  • -0.65 for the present operating margin
  • 0.19 for the gross margin

The net margin for Stryve Foods Inc stands at -0.9. The total capital return value is set at -0.61. Equity return is now at value -211.24, with -52.69 for asset returns.

Based on Stryve Foods Inc (SNAX), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at 4.0. The interest coverage ratio of the stock is -22.67.

Currently, EBITDA for the company is -20.45 billion with net debt to EBITDA at -1.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.

Conclusion

In conclusion, Stryve Foods Inc (SNAX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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