TBLT has 36-month beta value of 2.01. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TBLT is 0.70M, and currently, short sellers hold a 13.77% ratio of that float. The average trading volume of TBLT on April 17, 2024 was 79.80K shares.
TBLT) stock’s latest price update
Toughbuilt Industries Inc (NASDAQ: TBLT) has experienced a rise in its stock price by 29.86 compared to its previous closing price of 2.16. However, the company has seen a gain of 14.49% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-16 that ToughBuilt Industries, Inc. (NASDAQ:TBLT ) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Martin Galstyan – Chief Financial Officer Michael Panosian – President and CEO Conference Call Participants Operator Good afternoon, everyone. And welcome to the ToughBuilt Industries Third Quarter 2023 Earnings Conference Call.
TBLT’s Market Performance
TBLT’s stock has risen by 14.49% in the past week, with a monthly drop of -7.12% and a quarterly drop of -59.93%. The volatility ratio for the week is 9.91% while the volatility levels for the last 30 days are 10.04% for Toughbuilt Industries Inc The simple moving average for the past 20 days is 2.43% for TBLT’s stock, with a -75.19% simple moving average for the past 200 days.
TBLT Trading at -22.54% from the 50-Day Moving Average
After a stumble in the market that brought TBLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.04% of loss for the given period.
Volatility was left at 10.04%, however, over the last 30 days, the volatility rate increased by 9.91%, as shares sank -15.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.25% lower at present.
During the last 5 trading sessions, TBLT rose by +4.49%, which changed the moving average for the period of 200-days by -86.81% in comparison to the 20-day moving average, which settled at $2.71. In addition, Toughbuilt Industries Inc saw -72.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TBLT
Current profitability levels for the company are sitting at:
- -0.59 for the present operating margin
- 0.26 for the gross margin
The net margin for Toughbuilt Industries Inc stands at -0.58. The total capital return value is set at -4.67. Equity return is now at value -176.68, with -65.18 for asset returns.
Based on Toughbuilt Industries Inc (TBLT), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -2.24. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is -19.53.
Currently, EBITDA for the company is -49.27 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.06. The receivables turnover for the company is 9.97for trailing twelve months and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To put it simply, Toughbuilt Industries Inc (TBLT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
