The stock price of Eastside Distilling Inc (NASDAQ: EAST) has jumped by 25.14 compared to previous close of 0.65. Despite this, the company has seen a gain of 45.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Eastside Distilling, Inc. (NASDAQ:EAST ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Tiffany Milton – Controller Geoffrey Gwin – CEO Conference Call Participants Operator Good evening, and welcome to the Eastside Distilling Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.
Is It Worth Investing in Eastside Distilling Inc (NASDAQ: EAST) Right Now?
Moreover, the 36-month beta value for EAST is 1.79. 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.”
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The public float for EAST is 4.24M and currently, short sellers hold a 3.88% of that float. On December 03, 2024, EAST’s average trading volume was 2.39M shares.
EAST’s Market Performance
The stock of Eastside Distilling Inc (EAST) has seen a 45.25% increase in the past week, with a 34.14% rise in the past month, and a 1.67% gain in the past quarter. The volatility ratio for the week is 16.46%, and the volatility levels for the past 30 days are at 12.75% for EAST. The simple moving average for the past 20 days is 43.16% for EAST’s stock, with a -8.07% simple moving average for the past 200 days.
EAST Trading at 44.16% from the 50-Day Moving Average
After a stumble in the market that brought EAST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.70% of loss for the given period.
Volatility was left at 12.75%, however, over the last 30 days, the volatility rate increased by 16.46%, as shares surge +39.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.82% upper at present.
During the last 5 trading sessions, EAST rose by +44.64%, which changed the moving average for the period of 200-days by -28.32% in comparison to the 20-day moving average, which settled at $0.5680. In addition, Eastside Distilling Inc saw -36.95% 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 EAST starting from Bigger Michael, who sale 1,054,091 shares at the price of $2.09 back on Sep 05 ’24. After this action, Bigger Michael now owns 0 shares of Eastside Distilling Inc, valued at $2,201,329 using the latest closing price.
LEVY-NAVARRO ELIZABETH ANN, the Director of Eastside Distilling Inc, sale 5,000 shares at $1.07 during a trade that took place back on Dec 13 ’23, which means that LEVY-NAVARRO ELIZABETH ANN is holding 38,979 shares at $5,350 based on the most recent closing price.
Stock Fundamentals for EAST
Current profitability levels for the company are sitting at:
- -0.56 for the present operating margin
- -0.01 for the gross margin
The net margin for Eastside Distilling Inc stands at -0.77. The total capital return value is set at 3.22. Equity return is now at value -5924.74, with -32.84 for asset returns.
Based on Eastside Distilling Inc (EAST), the company’s capital structure generated 1.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at -5.05. The interest coverage ratio of the stock is -3.73.
Currently, EBITDA for the company is -5.07 million with net debt to EBITDA at -3.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 77.38for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
To wrap up, the performance of Eastside Distilling Inc (EAST) has been mixed 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.
