BranchOut Food Inc (BOF) Shares Down Despite Recent Market Volatility

The stock of BranchOut Food Inc (NASDAQ: BOF) has decreased by -15.56 when compared to last closing price of 1.80.Despite this, the company has seen a loss of -26.21% in its stock price over the last five trading days. Seeking Alpha reported 2023-06-10 that There were no pricings this past week, as the sole scheduled deal delayed Azitra. Electric air travel company Surf Air Mobility filed for a direct listing on the NYSE. Pixie Dust Technologies, a Japanese maker of personal care devices and spatial materials, filed to raise $19 million at a $143 million market cap.

Is It Worth Investing in BranchOut Food Inc (NASDAQ: BOF) Right Now?

The public float for BOF is 2.37M, and currently, short sellers hold a 0.65% ratio of that floaft. The average trading volume of BOF on April 04, 2024 was 68.42K shares.

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BOF’s Market Performance

BOF stock saw a decrease of -26.21% in the past week, with a monthly decline of -33.19% and a quarterly a decrease of 18.75%. The volatility ratio for the week is 18.27%, and the volatility levels for the last 30 days are 15.07% for BranchOut Food Inc (BOF). The simple moving average for the past 20 days is -28.81% for BOF’s stock, with a -25.80% simple moving average for the past 200 days.

BOF Trading at -21.67% from the 50-Day Moving Average

After a stumble in the market that brought BOF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.48% of loss for the given period.

Volatility was left at 15.07%, however, over the last 30 days, the volatility rate increased by 18.27%, as shares sank -33.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.94% upper at present.

During the last 5 trading sessions, BOF fell by -26.21%, in comparison to the 20-day moving average, which settled at $2.0966. In addition, BranchOut Food Inc saw 25.62% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BOF starting from Dalfonsi John, who purchase 5,000 shares at the price of $4.88 back on Jun 16 ’23. After this action, Dalfonsi John now owns 74,803 shares of BranchOut Food Inc, valued at $24,400 using the latest closing price.

Healy Eric, the CEO of BranchOut Food Inc, purchase 2,000 shares at $5.00 during a trade that took place back on Jun 16 ’23, which means that Healy Eric is holding 750,083 shares at $10,000 based on the most recent closing price.

Stock Fundamentals for BOF

Current profitability levels for the company are sitting at:

  • -1.03 for the present operating margin
  • -0.03 for the gross margin

The net margin for BranchOut Food Inc stands at -1.39. The total capital return value is set at -1.24.

Based on BranchOut Food Inc (BOF), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -13.34. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -6.68.

Currently, EBITDA for the company is -2.52 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The receivables turnover for the company is 4.31for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.

Conclusion

In a nutshell, BranchOut Food Inc (BOF) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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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