Real Good Food Company Inc (NASDAQ: RGF) has experienced a rise in its stock price by 11.48 compared to its previous closing price of 0.23. However, the company has seen a fall of -15.26% in its stock price over the last five trading days. InvestorPlace reported 2024-04-03 that The Nasdaq is one of the most closely watched indexes for every investor to follow. The Nasdaq, which is an acronym for the National Association of Securities Dealers Automated Quotations, is an exchange comprised of more than 3,400 individual securities.
Is It Worth Investing in Real Good Food Company Inc (NASDAQ: RGF) Right Now?
RGF has 36-month beta value of 0.15. 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 RGF is 19.09M, and currently, short sellers hold a 1.56% ratio of that float. The average trading volume of RGF on April 29, 2024 was 387.20K shares.
RGF’s Market Performance
The stock of Real Good Food Company Inc (RGF) has seen a -15.26% decrease in the past week, with a -30.83% drop in the past month, and a -78.21% fall in the past quarter. The volatility ratio for the week is 19.05%, and the volatility levels for the past 30 days are at 12.06% for RGF. The simple moving average for the past 20 days is -22.46% for RGF’s stock, with a -88.03% simple moving average for the past 200 days.
Analysts’ Opinion of RGF
Many brokerage firms have already submitted their reports for RGF stocks, with B. Riley Securities repeating the rating for RGF by listing it as a “Neutral.” The predicted price for RGF in the upcoming period, according to B. Riley Securities is $0.50 based on the research report published on March 20, 2024 of the current year 2024.
RGF Trading at -58.91% from the 50-Day Moving Average
After a stumble in the market that brought RGF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.02% of loss for the given period.
Volatility was left at 12.06%, however, over the last 30 days, the volatility rate increased by 19.05%, as shares sank -28.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -78.92% lower at present.
During the last 5 trading sessions, RGF fell by -15.26%, which changed the moving average for the period of 200-days by -94.01% in comparison to the 20-day moving average, which settled at $0.3293. In addition, Real Good Food Company Inc saw -82.94% 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 RGF starting from AWM Investment Company, Inc., who sale 415,000 shares at the price of $1.10 back on Mar 01 ’24. After this action, AWM Investment Company, Inc. now owns 1,941,859 shares of Real Good Food Company Inc, valued at $456,500 using the latest closing price.
AWM Investment Company, Inc., the 10% Owner of Real Good Food Company Inc, sale 109,368 shares at $1.19 during a trade that took place back on Feb 29 ’24, which means that AWM Investment Company, Inc. is holding 2,356,859 shares at $130,666 based on the most recent closing price.
Stock Fundamentals for RGF
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- 0.17 for the gross margin
The net margin for Real Good Food Company Inc stands at 0.07. The total capital return value is set at -0.42. Equity return is now at value -46.52, with -11.03 for asset returns.
Based on Real Good Food Company Inc (RGF), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 5.02. The interest coverage ratio of the stock is -2.77.
Currently, EBITDA for the company is -38.25 million with net debt to EBITDA at -3.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 5.24for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
To put it simply, Real Good Food Company Inc (RGF) 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.
