ABVE has 36-month beta value of 0.08.
The average trading volume of ABVE on November 19, 2024 was 81.10K shares.
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ABVE) stock’s latest price update
Above Food Ingredients Inc (NASDAQ: ABVE)’s stock price has soared by 19.63 in relation to previous closing price of 0.52. Nevertheless, the company has seen a gain of 19.63% in its stock price over the last five trading days. newsfilecorp.com reported 2024-10-16 that Regina, Saskatchewan–(Newsfile Corp. – October 16, 2024) – Above Food (NASDAQ: ABVE), an innovative food ingredient company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, is pleased to announce it will be presenting at the Centurion One Capital 2nd Annual Bahamas Summit, which will be taking place at the exclusive Rosewood Baha Mar Hotel from Tuesday, October 22nd to Wednesday, October 23rd, 2024, in Nassau, Bahamas. Martin Williams, Co-Founder, is scheduled to present on Wednesday, October 23rd at 13:20 EDT.
ABVE’s Market Performance
Above Food Ingredients Inc (ABVE) has experienced a 19.63% rise in stock performance for the past week, with a 17.80% rise in the past month, and a -51.40% drop in the past quarter. The volatility ratio for the week is 16.19%, and the volatility levels for the past 30 days are at 16.24% for ABVE. The simple moving average for the last 20 days is 28.54% for ABVE’s stock, with a simple moving average of -88.87% for the last 200 days.
ABVE Trading at 16.47% 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 -95.39% of loss for the given period.
Volatility was left at 16.24%, however, over the last 30 days, the volatility rate increased by 16.19%, as shares surge +22.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.98% lower at present.
During the last 5 trading sessions, ABVE rose by +20.19%, which changed the moving average for the period of 200-days by -94.12% in comparison to the 20-day moving average, which settled at $0.4841. In addition, Above Food Ingredients Inc saw -94.13% 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 -38.25 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
To put it simply, Above Food Ingredients Inc (ABVE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
