BBB Foods Inc (NYSE:TBBB) price on Friday, February 28, rose 1.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.62.
A look at the stock’s price movement, the close in the last trading session was $26.21. Turning to its 52-week performance, $35.22 and $19.31 were the 52-week high and 52-week low respectively. Overall, TBBB moved -14.95% over the past month.
BBB Foods Inc’s market cap currently stands at around $2.99 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 16.87B for the company’s revenue for the quarter, with a low and high estimate of 16.87B and 16.87B respectively. The average forecast suggests up to a 36.96% 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 57.53B, representing a 30.53% jump 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 TBBB is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 1 analyst(s) rate the stock as a Hold, 1 recommend TBBB 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.
TBBB’s current price about -5.35% and -8.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.88, while 7-day volatility ratio is 3.68% and 3.92% in the 30-day chart. Further, BBB Foods Inc (TBBB) has a beta value of 0.96, and an average true range (ATR) of 1.05. Analysts have given the company’s stock an average 52-week price target of $31, forecast between a low of $27 and high of $33. Looking at the price targets, the low is -1.43% off current price level while to achieve the yearly target high, price needs to move -23.97%. Nonetheless, investors will most likely welcome a -16.45% jump to $31 which is the analysts’ median price.
If we refocus on BBB Foods Inc (NYSE:TBBB), historical trading data shows that trading volumes averaged 1.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 112.20 million shares.
The 65.50% of BBB Foods Inc’s shares are in the hands of company insiders while institutional holders own 39.73% of the company’s shares. Current price change has pushed the stock -5.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TBBB stock continues to rise going into the next quarter.
