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Analysts Predict An RiceBran Technologies (NASDAQ: RIBT) Spike?

RiceBran Technologies (NASDAQ:RIBT) shares, rose in value on Thursday, 05/12/22, with the stock price up by 2.25% to the previous day’s close as strong demand from buyers drove the stock to $0.55.

Actively observing the price movement in the last trading, the stock closed the session at $0.54, falling within a range of $0.489 and $0.5966. The value of beta (5-year monthly) was 0.50. Referring to stock’s 52-week performance, its high was $1.20, and the low was $0.27. On the whole, RIBT has fluctuated by 3.77% over the past month.

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With the market capitalization of RiceBran Technologies currently standing at about $27.56 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.04, which is expected to increase to -$0.03 for fiscal year -$0.11 and then to about -$0.11 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $7.07 million, with a low estimate of $7.07 million and a high estimate of $7.07 million. According to the average forecast, sales growth in current quarter could jump up 3.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $30.15 million, representing an increase of 15.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RIBT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 0 recommend it as a Buy and 0 called the RIBT stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RIBT currently trading nearly 6.47% and 14.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.65, while the 7-day volatility ratio is showing 18.84% which for the 30-day chart, stands at 14.01%. Furthermore, RiceBran Technologies (RIBT)’s beta value is 0.43, and its average true range (ATR) is 0.07.

A comparison of RiceBran Technologies (RIBT) with its peers suggests the former has fared considerably weaker in the market. RIBT showed an intraday change of 2.25% in last session, and over the past year, it shrunk by -38.89%%. In comparison, The Kraft Heinz Company (KHC) has moved lower at -1.03% on the day and was down -1.76% over the past 12 months. On the other hand, the price of Seaboard Corporation (SEB) has fallen -0.84% on the day. The stock, however, is off 0.94% from where it was a year ago. Additionally, there is a gain of 0.57% for General Mills Inc. (GIS) in last trading while the stock has seen an overall depriciation of 12.86%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.33%.

Data on historical trading for RiceBran Technologies (NASDAQ:RIBT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.72 million. According to company’s latest data on outstanding shares, there are 52.53 million shares outstanding.

Nearly 18.30% of RiceBran Technologies’s shares belong to company insiders and institutional investors own 28.30% of the company’s shares. The stock has risen by 57.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIBT stock heading into the next quarter.

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