The stock of Stryve Foods Inc (SNAX) has gone up by 20.78% for the week, with a 6.72% rise in the past month and a -45.51% drop in the past quarter. The volatility ratio for the week is 9.84%, and the volatility levels for the past 30 days are 12.46% for SNAX. The simple moving average for the past 20 days is 4.76% for SNAX’s stock, with a -38.60% simple moving average for the past 200 days.
Is It Worth Investing in Stryve Foods Inc (NASDAQ: SNAX) Right Now?
The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SNAX is 1.94M, and at present, short sellers hold a 16.22% of that float. On November 14, 2024, the average trading volume of SNAX was 145.10K shares.
SNAX) stock’s latest price update
Stryve Foods Inc (NASDAQ: SNAX) has experienced a rise in its stock price by 11.78 compared to its previous closing price of 0.83. However, the company has seen a gain of 20.78% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Stryve Foods, Inc. (SNAX) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $1.66 per share a year ago.
SNAX Trading at -22.39% 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 -73.16% of loss for the given period.
Volatility was left at 12.46%, however, over the last 30 days, the volatility rate increased by 9.84%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.12% lower at present.
During the last 5 trading sessions, SNAX rose by +20.78%, which changed the moving average for the period of 200-days by -37.41% in comparison to the 20-day moving average, which settled at $0.8843. In addition, Stryve Foods Inc saw -64.37% 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
- -0.04 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 1.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at -4.32. The interest coverage ratio of the stock is -2.96.
Currently, EBITDA for the company is -12.79 million with net debt to EBITDA at -2.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. 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 sum up, Stryve Foods Inc (SNAX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
