The stock of Eastside Distilling Inc (EAST) has gone up by 13.38% for the week, with a 22.07% rise in the past month and a 38.47% rise in the past quarter. The volatility ratio for the week is 11.32%, and the volatility levels for the past 30 days are 12.01% for EAST. The simple moving average for the past 20 days is 8.39% for EAST’s stock, with a 5.86% simple moving average for the past 200 days.
Is It Worth Investing in Eastside Distilling Inc (NASDAQ: EAST) Right Now?
The 36-month beta value for EAST is at 1.66. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EAST is 3.42M, and currently, shorts hold a 4.93% of that float. The average trading volume for EAST on January 24, 2025 was 125.57K shares.
EAST) stock’s latest price update
Eastside Distilling Inc (NASDAQ: EAST)’s stock price has gone rise by 15.66 in comparison to its previous close of 0.76, however, the company has experienced a 13.38% increase in its stock price over the last five trading days. newsfilecorp.com reported 2025-01-23 that Providence, Rhode Island–(Newsfile Corp. – January 23, 2025) – Eastside Distilling, Inc. (NASDAQ: EAST) (NASDAQ: BLNE) (“Eastside” or the “Company”), today announced the launch of its online mortgage business Beeline Financial Holdings, Inc. (“Beeline”). In recognition of this new strategic direction, the Company has adopted a new trading symbol “BLNE” and will do business under the Beeline Holdings name.
EAST Trading at 22.57% 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 -70.50% of loss for the given period.
Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 11.32%, as shares surge +25.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.10% upper at present.
During the last 5 trading sessions, EAST rose by +13.38%, which changed the moving average for the period of 200-days by -8.44% in comparison to the 20-day moving average, which settled at $0.8110. In addition, Eastside Distilling Inc saw -8.71% 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 Liuzza Nicholas Reyland JR, who purchase 38,165 shares at the price of $0.82 back on Dec 10 ’24. After this action, Liuzza Nicholas Reyland JR now owns 49,000 shares of Eastside Distilling Inc, valued at $31,486 using the latest closing price.
Liuzza Nicholas Reyland JR, the CEO of Subsidiary of Eastside Distilling Inc, purchase 6,835 shares at $0.77 during a trade that took place back on Dec 09 ’24, which means that Liuzza Nicholas Reyland JR is holding 10,835 shares at $5,263 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 1.24 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 -5.21. 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 2.05. 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
In conclusion, Eastside Distilling Inc (EAST) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
