In the past week, TPB stock has gone up by 17.02%, with a monthly gain of 33.21% and a quarterly surge of 47.91%. The volatility ratio for the week is 4.96%, and the volatility levels for the last 30 days are 3.70% for Turning Point Brands Inc The simple moving average for the past 20 days is 19.31% for TPB’s stock, with a 67.38% simple moving average for the past 200 days.
Is It Worth Investing in Turning Point Brands Inc (NYSE: TPB) Right Now?
The price-to-earnings ratio for Turning Point Brands Inc (NYSE: TPB) is 23.22x, which is above its average ratio. Moreover, the 36-month beta value for TPB is 0.62. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TPB is 16.34M and currently, short sellers hold a 0.64% of that float. On November 15, 2024, TPB’s average trading volume was 127.39K shares.
TPB) stock’s latest price update
The stock price of Turning Point Brands Inc (NYSE: TPB) has jumped by 5.53 compared to previous close of 55.00. Despite this, the company has seen a gain of 17.02% in its stock price over the last five trading days. prnewswire.com reported 2024-11-14 that MIAMI, Nov. 14, 2024 /PRNewswire/ — Tucker Carlson has announced the launch of ALP, the first nicotine pouch brand made by and for adults who unapologetically love nicotine. ALP will be sold, marketed and distributed through ALP Supply Co. LLC, a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands (NYSE: TPB).
Analysts’ Opinion of TPB
ROTH MKM, on the other hand, stated in their research note that they expect to see TPB reach a price target of $50. The rating they have provided for TPB stocks is “Buy” according to the report published on September 19th, 2024.
The Benchmark Company gave a rating of “Buy” to TPB, setting the target price at $28 in the report published on June 06th of the previous year.
TPB Trading at 31.38% from the 50-Day Moving Average
After a stumble in the market that brought TPB to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 4.11% of gains for the given period.
Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 4.96%, as shares surge +34.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.79% upper at present.
During the last 5 trading sessions, TPB rose by +17.02%, which changed the moving average for the period of 200-days by +138.95% in comparison to the 20-day moving average, which settled at $48.65. In addition, Turning Point Brands Inc saw 120.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPB starting from Baxter Gregory H.A., who sale 5,683 shares at the price of $39.59 back on Aug 23 ’24. After this action, Baxter Gregory H.A. now owns 40,861 shares of Turning Point Brands Inc, valued at $224,990 using the latest closing price.
Baxter Gregory H.A., the Director of Turning Point Brands Inc, sale 2,000 shares at $39.42 during a trade that took place back on Aug 20 ’24, which means that Baxter Gregory H.A. is holding 46,544 shares at $78,840 based on the most recent closing price.
Stock Fundamentals for TPB
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.46 for the gross margin
The net margin for Turning Point Brands Inc stands at 0.1. The total capital return value is set at 0.19. Equity return is now at value 29.27, with 9.12 for asset returns.
Based on Turning Point Brands Inc (TPB), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.38. The interest coverage ratio of the stock is 6.61.
Currently, EBITDA for the company is 90.66 million with net debt to EBITDA at 2.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.72. The receivables turnover for the company is 43.49for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.21.
Conclusion
To wrap up, the performance of Turning Point Brands Inc (TPB) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
