BBB Foods Inc (NYSE: TBBB)’s stock price has decreased by -5.23 compared to its previous closing price of 31.55. However, the company has seen a -8.03% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that BBB Foods Inc. (NYSE:TBBB ) Q2 2024 Earnings Conference Call August 22, 2024 12:00 PM ET Company Participants Anthony Hatoum – CEO Eduardo Pizzuto – CFO Conference Call Participants Andrew Ruben – Morgan Stanley Froylan Mendez – JPMorgan Gustavo Frattini – Bank of America Jorge Izquierdo – BTG Pactual Sergio Guerrero – RSH Family Office Madhu Kodali – Yaksha Capital Daniela Bretthauer – HSBC Operator Good morning, everyone. My name is Leonor and I will be your conference operator.
Is It Worth Investing in BBB Foods Inc (NYSE: TBBB) Right Now?
There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TBBB is 38.71M, and at present, short sellers hold a 9.08% of that float. The average trading volume of TBBB on September 27, 2024 was 645.38K shares.
TBBB’s Market Performance
TBBB’s stock has seen a -8.03% decrease for the week, with a -9.39% drop in the past month and a 24.74% gain in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 3.92% for BBB Foods Inc The simple moving average for the last 20 days is -2.10% for TBBB stock, with a simple moving average of 20.90% for the last 200 days.
Analysts’ Opinion of TBBB
Many brokerage firms have already submitted their reports for TBBB stocks, with Jefferies repeating the rating for TBBB by listing it as a “Hold.” The predicted price for TBBB in the upcoming period, according to Jefferies is $33 based on the research report published on September 09, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see TBBB reach a price target of $31. The rating they have provided for TBBB stocks is “Hold” according to the report published on August 23rd, 2024.
UBS gave a rating of “Neutral” to TBBB, setting the target price at $27 in the report published on April 09th of the current year.
TBBB Trading at 4.11% 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 -9.83% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -6.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.60% upper at present.
During the last 5 trading sessions, TBBB fell by -8.03%, in comparison to the 20-day moving average, which settled at $30.44. In addition, BBB Foods Inc saw 56.96% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TBBB
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.16 for the gross margin
The net margin for BBB Foods Inc stands at -0.01. The total capital return value is set at 0.11.
Based on BBB Foods Inc (TBBB), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 2.29. The interest coverage ratio of the stock is 0.83.
Currently, EBITDA for the company is 1.91 billion with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 52.09for trailing twelve months and the total asset turnover is 2.55. 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 mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
