Moreover, the 36-month beta value for SNAX is 1.08. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SNAX is 1.94M and currently, short sellers hold a 22.78% of that float. On November 07, 2024, SNAX’s average trading volume was 136.31K shares.
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SNAX) stock’s latest price update
The stock of Stryve Foods Inc (NASDAQ: SNAX) has decreased by -10.60 when compared to last closing price of 0.86.Despite this, the company has seen a loss of -22.53% in its stock price over the last five trading days. globenewswire.com reported 2024-10-28 that FRISCO, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) — Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a pioneer in creating healthy and convenient protein snacks, is pleased to announce a strategic partnership with Dot Foods, North America’s largest food industry redistributor (“Dot”), as well as to announce the recently received award of new distribution, chainwide, with a leading retailer which is expected to drive meaningful volume for the Company and increase the presence of its products nationwide. Dot Foods Partnership The new partnership, set to begin in November 2024, is expected to help streamline Stryve’s operations, allowing for improved service levels, enhanced operational efficiencies, and optimized customer lead times.
SNAX’s Market Performance
SNAX’s stock has fallen by -22.53% in the past week, with a monthly drop of -41.74% and a quarterly drop of -51.15%. The volatility ratio for the week is 11.66% while the volatility levels for the last 30 days are 14.13% for Stryve Foods Inc The simple moving average for the past 20 days is -15.01% for SNAX’s stock, with a -49.69% simple moving average for the past 200 days.
SNAX Trading at -39.40% from the 50-Day Moving Average
After a stumble in the market that brought SNAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.78% of loss for the given period.
Volatility was left at 14.13%, however, over the last 30 days, the volatility rate increased by 11.66%, as shares sank -41.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.41% lower at present.
During the last 5 trading sessions, SNAX fell by -22.53%, which changed the moving average for the period of 200-days by -47.10% in comparison to the 20-day moving average, which settled at $0.9025. In addition, Stryve Foods Inc saw -70.50% 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 SNAX starting from Boever Christopher J., who purchase 3,000 shares at the price of $2.35 back on Dec 13 ’23. After this action, Boever Christopher J. now owns 323,938 shares of Stryve Foods Inc, valued at $7,047 using the latest closing price.
Boever Christopher J., the CEO of Stryve Foods Inc, purchase 1,250 shares at $2.29 during a trade that took place back on Dec 12 ’23, which means that Boever Christopher J. is holding 320,938 shares at $2,864 based on the most recent closing price.
Stock Fundamentals for SNAX
Current profitability levels for the company are sitting at:
- -0.59 for the present operating margin
- -0.15 for the gross margin
The net margin for Stryve Foods Inc stands at -0.95. The total capital return value is set at -0.91. Equity return is now at value -575.44, with -48.51 for asset returns.
Based on Stryve Foods Inc (SNAX), the company’s capital structure generated 1.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39. The debt to equity ratio resting at -4.41. The interest coverage ratio of the stock is -7.94.
Currently, EBITDA for the company is -12.81 million with net debt to EBITDA at -2.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.65. The receivables turnover for the company is 6.04for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
To wrap up, the performance of Stryve Foods Inc (SNAX) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
