Tattooed Chef Inc. (NASDAQ:TTCF) shares, rose in value on Thursday, 05/25/23, with the stock price down by -11.21% to the previous day’s close as strong demand from buyers drove the stock to $0.54.
Actively observing the price movement in the last trading, the stock closed the session at $0.61, falling within a range of $0.5028 and $0.6037. The value of beta (5-year monthly) was 0.59. Referring to stock’s 52-week performance, its high was $8.43, and the low was $0.60. On the whole, TTCF has fluctuated by -65.81% over the past month.
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With the market capitalization of Tattooed Chef Inc. currently standing at about $46.67 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 07, 2023 – Aug 11, 2023. 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 -$0.24, which is expected to increase to -$0.22 for fiscal year -$0.92 and then to about -$0.75 by fiscal year 2024. Data indicates that the EPS growth is expected to be 46.50% in 2024, while the next year’s EPS growth is forecast to be 18.50%.
Analysts have estimated the company’s revenue for the quarter at $44.77 million, with a low estimate of $44.77 million and a high estimate of $44.77 million. According to the average forecast, sales growth in current quarter could jump down -23.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $199.41 million, representing a decrease of -13.60% 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 TTCF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TTCF currently trading nearly -52.66% and -59.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 19.96, while the 7-day volatility ratio is showing 13.83% which for the 30-day chart, stands at 11.81%. Furthermore, Tattooed Chef Inc. (TTCF)’s beta value is 0.66, and its average true range (ATR) is 0.12.
Data on historical trading for Tattooed Chef Inc. (NASDAQ:TTCF) indicates that the trading volumes over the past 10 days have averaged 2.85 million and over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 83.23 million shares outstanding.
Nearly 1.20% of Tattooed Chef Inc.’s shares belong to company insiders and institutional investors own 16.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.05 million shares as on Apr 27, 2023, resulting in a short ratio of 22.56. According to the data, the short interest in Tattooed Chef Inc. (TTCF) stood at 16.80% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 15.48 million. The stock has fallen by -56.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTCF stock heading into the next quarter.