In the past week, EAST stock has gone up by 42.42%, with a monthly gain of 52.72% and a quarterly surge of 27.03%. The volatility ratio for the week is 14.82%, and the volatility levels for the last 30 days are 10.53% for Eastside Distilling Inc The simple moving average for the past 20 days is 42.53% for EAST’s stock, with a -1.39% simple moving average for the past 200 days.
Is It Worth Investing in Eastside Distilling Inc (NASDAQ: EAST) Right Now?
EAST has 36-month beta value of 1.73. 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 EAST is 1.18M, and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of EAST on May 09, 2024 was 152.34K shares.
EAST) stock’s latest price update
Eastside Distilling Inc (NASDAQ: EAST)’s stock price has increased by 18.49 compared to its previous closing price of 1.19. However, the company has seen a 42.42% increase in its stock price over the last five trading sessions. PRNewsWire reported 2024-05-02 that PORTLAND, Ore., May 2, 2024 /PRNewswire/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits, digital can printing, co-packing and mobile filling, will report its first quarter financial results after the market close on Monday, May 13, 2024.
EAST Trading at 34.06% from the 50-Day Moving Average
After a stumble in the market that brought EAST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.85% of loss for the given period.
Volatility was left at 10.53%, however, over the last 30 days, the volatility rate increased by 14.82%, as shares surge +46.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.51% upper at present.
During the last 5 trading sessions, EAST rose by +42.42%, which changed the moving average for the period of 200-days by -57.14% in comparison to the 20-day moving average, which settled at $1.0118. In addition, Eastside Distilling Inc saw 9.30% 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 EAST starting from LEVY-NAVARRO ELIZABETH ANN, who sale 5,000 shares at the price of $1.07 back on Dec 13 ’23. After this action, LEVY-NAVARRO ELIZABETH ANN now owns 38,979 shares of Eastside Distilling Inc, valued at $5,350 using the latest closing price.
FINNSSON ERIC J., the Director of Eastside Distilling Inc, sale 14,500 shares at $1.11 during a trade that took place back on Nov 30 ’23, which means that FINNSSON ERIC J. is holding 19,880 shares at $16,095 based on the most recent closing price.
Stock Fundamentals for EAST
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.08 for the gross margin
The net margin for Eastside Distilling Inc stands at -0.72. The total capital return value is set at -0.38. Equity return is now at value -260.25, with -24.63 for asset returns.
Based on Eastside Distilling Inc (EAST), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 14.14. The interest coverage ratio of the stock is -4.52.
Currently, EBITDA for the company is -3.83 million with net debt to EBITDA at -2.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 18.78for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To put it simply, Eastside Distilling Inc (EAST) has had a better 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.
