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What Did We Find About Insider Trading At ToughBuilt Industries Inc. (NASDAQ: TBLT)?

ToughBuilt Industries Inc. (NASDAQ:TBLT) traded at $2.66 at last check on Tuesday, November 22, made an upward move of 4.72% on its previous day’s price.

Looking at the stock we see that its previous close was $2.54 and the beta (5Y monthly) reads 3.05 with the day’s price range being $2.49 – $2.68. In terms of its 52-week price range, TBLT has a high of $64.50 and a low of $1.34. The company’s stock has gained about 22.12% over that past 30 days.

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ToughBuilt Industries Inc. has a market cap of $30.58 million and is expected to release its quarterly earnings report on Nov 10, 2022 – Nov 17, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$6.75 for 2022 and -$0.93 for next year. These figures represent 88.80% and 86.20% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $77.1 million, or 10.10% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TBLT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the ToughBuilt Industries Inc. (TBLT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 14.63% off its SMA20 and 15.31% from its 50-day simple moving average. The RSI (14) is pointing at 53.60 while the volatility over the past week is 11.78% and jumps to 11.62% over the past one month. The beta value is 3.00, while the average true range (ATR) is currently pointing at 0.36. The average price target for the stock over the next 12 months is $6.00, with the estimates having a low of $6.00 and a high of $6.00. These price ends are -125.56% and -125.56% off the today’s price level respectively, although investors could be excited at the prospect of a -125.56% if the TBLT share price touches on the median price of $6.00.

Coming back to ToughBuilt Industries Inc. (NASDAQ:TBLT), we note that the average 3-month trading volume was 2.64 million, while that of the preceding 10-day period stands at 10.34 million. Current shares outstanding are 12.33 million.

The insiders hold 3.08% of the company’s shares while institutions hold 11.20%. The data shows that short shares as of Oct 13, 2022, stood at 0.41 million at a short ratio of 0.37. This represents a 3.36% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 0.67 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -95.36% down in year-to-date price movement.

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