Splash Beverage Group Inc (AMEX:SBEV) price on current trading day, rose 6.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.16.
A look at the stock’s price movement, the level at last check in today’s session was $0.15. Turning to its 52-week performance, $0.73 and $0.14 were the 52-week high and 52-week low respectively. Overall, SBEV moved -30.56% over the past month.
Splash Beverage Group Inc’s market cap currently stands at around $9.60 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.8M for the company’s revenue for the quarter, with a low and high estimate of 1.8M and 1.8M respectively. The average forecast suggests down to a -33.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.37M, representing a -71.52% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SBEV is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SBEV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SBEV’s current price about -13.74% and -16.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.50, while 7-day volatility ratio is 9.29% and 11.71% in the 30-day chart. Further, Splash Beverage Group Inc (SBEV) has a beta value of 1.25, and an average true range (ATR) of 0.02. Analysts have given the company’s stock an average 52-week price target of $0.5, forecast between a low of $0.5 and high of $0.5. Looking at the price targets, the low is -212.5% off recent price level in today’s trading while to achieve the yearly target high, it has to move -212.5%. Nonetheless, investors will most likely welcome a -212.5% jump to $0.5 which is the analysts’ median price.
If we refocus on Splash Beverage Group Inc (AMEX:SBEV), historical trading data shows that trading volumes averaged 2.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 61.91 million shares.
The 11.10% of Splash Beverage Group Inc’s shares are in the hands of company insiders while institutional holders own 7.19% of the company’s shares. Current price change has pushed the stock -3.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SBEV stock continues to rise going into the next quarter.
