The 36-month beta value for ABVE is at -0.03.
The public float for ABVE is 5.10M, and currently, shorts hold a 2.86% of that float. The average trading volume for ABVE on August 09, 2024 was 121.32K shares.
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ABVE) stock’s latest price update
Above Food Ingredients Inc. (NASDAQ: ABVE)’s stock price has increased by 25.38 compared to its previous closing price of 1.30. However, the company has seen a 3.95% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-09 that REGINA, Saskatchewan and MISSION, Kan. and CHESTER, Mont., Aug. 09, 2024 (GLOBE NEWSWIRE) — Above Food Ingredients Inc. ( Nasdaq: ABVE, ABVE.W ) (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, announces that it has entered into a definitive purchase agreement to acquire the Montana-based Specialty Crop Food Ingredient Division (“Assets”) of The Redwood Group, LLC (“TRG”), for consideration of US$34,000,000 plus working capital, subject to final closing adjustments. Upon the terms and subject to the conditions set forth in the purchase agreement, the consideration payable by the Company in exchange for the Assets will consist of US$8,100,000 in cash and 5,600,000 newly issued common shares of Above Food, subject to final closing adjustments and customary closing conditions.
ABVE’s Market Performance
ABVE’s stock has risen by 3.95% in the past week, with a monthly drop of -27.67% and a quarterly drop of -81.41%. The volatility ratio for the week is 23.59% while the volatility levels for the last 30 days are 18.57% for Above Food Ingredients Inc. The simple moving average for the last 20 days is 1.01% for ABVE stock, with a simple moving average of -82.13% for the last 200 days.
ABVE Trading at -69.41% from the 50-Day Moving Average
After a stumble in the market that brought ABVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.93% of loss for the given period.
Volatility was left at 18.57%, however, over the last 30 days, the volatility rate increased by 23.59%, as shares sank -30.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -82.73% lower at present.
During the last 5 trading sessions, ABVE rose by +2.68%, which changed the moving average for the period of 200-days by -84.50% in comparison to the 20-day moving average, which settled at $1.5792. In addition, Above Food Ingredients Inc. saw -84.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABVE
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- -0.05 for the gross margin
The net margin for Above Food Ingredients Inc. stands at -0.0. The total capital return value is set at -0.12. Equity return is now at value -1.06, with -0.94 for asset returns.
Based on Above Food Ingredients Inc. (ABVE), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -1.66. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -1.2.
Currently, EBITDA for the company is -3.01 million with net debt to EBITDA at -0.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
In conclusion, Above Food Ingredients Inc. (ABVE) 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.
