BranchOut Food Inc (NASDAQ:BOF) traded at $3.38 at close of the session on current trade day and made an upward move of 69.00% on its previous day’s price.
Looking at the stock we see that its previous close was $2.00 with the day’s price range being $2.35 – $4.11. In terms of its 52-week price range, BOF has a high of $3.60 and a low of $0.61. The company’s stock has gained about 304.65% over that past 30 days.
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BranchOut Food Inc has a market cap of $22.95 million and is expected to release its quarterly earnings report in October.
On the other hand, looking at the outlook for the BOF stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 297.97% off its SMA20 and 288.63% from its 50-day simple moving average. The RSI (14) is pointing at 93.72 while the volatility over the past week is 53.00% and jumps to 19.83% over the past one month. The beta value is 0.75, while the average true range (ATR) is currently pointing at 0.37.
Coming back to BranchOut Food Inc (NASDAQ:BOF), we note that the average 3-month trading volume was 4.44 million, while that of the preceding 10-day period stands at 42.15 million. Current shares outstanding are 4.04 million.
The insiders hold 44.98% of the company’s shares while institutions hold 5.56%. The data shows that short shares as of 2024-08-15, stood at 28747.0 at a short ratio of 0.27. This represents a 55.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 61919.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 179.34% up in year-to-date price movement.
