The stock of BBB Foods Inc (TBBB) has seen a 4.04% increase in the past week, with a -3.70% drop in the past month, and a 2.00% flourish in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 4.81% for TBBB. The simple moving average for the past 20 days is 3.72% for TBBB’s stock, with a 5.38% simple moving average for the past 200 days.
Is It Worth Investing in BBB Foods Inc (NYSE: TBBB) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TBBB is 37.91M, and at present, short sellers hold a 3.49% of that float. The average trading volume of TBBB on July 04, 2024 was 1.03M shares.
TBBB) stock’s latest price update
BBB Foods Inc (NYSE: TBBB)’s stock price has plunge by 1.78relation to previous closing price of 23.54. Nevertheless, the company has seen a 4.04% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-23 that BBB Foods Inc. (NYSE:TBBB ) Q1 2024 Results Conference Call May 23, 2024 11:00 AM ET Company Participants Anthony Hatoum – Chief Executive Officer Eduardo Pizzuto – Chief Financial Officer Conference Call Participants Bob Ford – Bank of America Rodrigo Alcántara – UBS Joseph Giordano – JP Morgan Alvaro Garcia – BTG Aleksandar Nikolic – Morgan Stanley Hector Maya – Scotiabank Santiago Alvarez – ALIVE Ventures Operator Good morning, everyone. My name is Leonor, and I will be your conference operator.
Analysts’ Opinion of TBBB
Many brokerage firms have already submitted their reports for TBBB stocks, with UBS repeating the rating for TBBB by listing it as a “Neutral.” The predicted price for TBBB in the upcoming period, according to UBS is $27 based on the research report published on April 09, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see TBBB reach a price target of $33. The rating they have provided for TBBB stocks is “Sector Outperform” according to the report published on March 12th, 2024.
JP Morgan gave a rating of “Overweight” to TBBB, setting the target price at $30 in the report published on March 06th of the current year.
TBBB Trading at -0.18% from the 50-Day Moving Average
After a stumble in the market that brought TBBB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.92% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -3.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.37% upper at present.
During the last 5 trading sessions, TBBB rose by +1.39%, in comparison to the 20-day moving average, which settled at $23.06. In addition, BBB Foods Inc saw 25.77% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TBBB
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In summary, BBB Foods Inc (TBBB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
