The stock price of Eastside Distilling Inc (NASDAQ: EAST) has plunged by -15.96 when compared to previous closing price of 0.89, but the company has seen a -20.60% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-05 that PORTLAND, Ore., Aug. 5, 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 second quarter financial results after the market close on Wednesday August 14, 2024.
Is It Worth Investing in Eastside Distilling Inc (NASDAQ: EAST) Right Now?
The 36-month beta value for EAST is at 1.77. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EAST is 1.18M, and currently, shorts hold a 5.64% of that float. The average trading volume for EAST on August 06, 2024 was 90.18K shares.
EAST’s Market Performance
EAST stock saw a decrease of -20.60% in the past week, with a monthly decline of -25.04% and a quarterly a decrease of -21.89%. The volatility ratio for the week is 13.14%, and the volatility levels for the last 30 days are 9.79% for Eastside Distilling Inc (EAST). The simple moving average for the past 20 days is -24.00% for EAST’s stock, with a -32.26% simple moving average for the past 200 days.
EAST Trading at -25.17% 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 -78.27% of loss for the given period.
Volatility was left at 9.79%, however, over the last 30 days, the volatility rate increased by 13.14%, as shares sank -25.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.29% lower at present.
During the last 5 trading sessions, EAST fell by -20.60%, which changed the moving average for the period of 200-days by -58.82% in comparison to the 20-day moving average, which settled at $0.9732. In addition, Eastside Distilling Inc saw -41.90% 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 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:
- -0.49 for the present operating margin
- 0.01 for the gross margin
The net margin for Eastside Distilling Inc stands at -0.72. The total capital return value is set at -4.42. Equity return is now at value -260.25, with -38.79 for asset returns.
Based on Eastside Distilling Inc (EAST), the company’s capital structure generated 1.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at -28.81. The interest coverage ratio of the stock is -4.82.
Currently, EBITDA for the company is -3.83 million with net debt to EBITDA at -2.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 14.94for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In conclusion, Eastside Distilling Inc (EAST) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
