The price of Tattooed Chef Inc. (NASDAQ:TTCF) shares last traded on Wall Street rose 1.87% to $1.09.
Based on available information, 3 analysts follow Tattooed Chef Inc. (NASDAQ:TTCF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.50, we find $2.00. Given the previous closing price of $1.07, this indicates a potential upside of 86.92 percent. TTCF stock price is now -59.89% away from the 50-day moving average and -82.70% away from the 200-day moving average. The market capitalization of the company currently stands at $92.79M.
Among analysts, 3 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $2.17 as their price target over the next twelve months.
With the price target reduced from $10 to $4.50, Cowen Downgraded its rating from Outperform to Market Perform for Tattooed Chef Inc. (NASDAQ: TTCF). On September 30, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $6, while ‘ROTH Capital’ rates the stock as ‘Neutral’.
A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TTCF stock. A new stake in Tattooed Chef Inc. shares was purchased by ERGOTELES LLC during the first quarter worth $110,000. BANK OF MONTREAL /CAN/ invested $41,000 in shares of TTCF during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Tattooed Chef Inc. valued at approximately $26,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in TTCF for approximately $22,000. XTX TOPCO LTD purchased a new stake in TTCF valued at around $22,000 in the second quarter. In total, there are 150 active investors with 16.20% ownership of the company’s stock.
A candlestick chart of Tattooed Chef Inc. (NASDAQ: TTCF) showed a price of $1.0500 on Wednesday morning. During the past 12 months, Tattooed Chef Inc. has had a low of $1.07 and a high of $16.02. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.40, and a quick ratio of 0.50. The fifty day moving average price for TTCF is $2.7174 and a two-hundred day moving average price translates $6.3019 for the stock.
The latest earnings results from Tattooed Chef Inc. (NASDAQ: TTCF) was released for Jun, 2022. According to the Packaged Foods Company, earnings per share came in at -$0.3, missing analysts’ expectations of -$0.14 by -0.16. This compares to -$0.10 EPS in the same period last year. The net profit margin was -47.20% and return on equity was -58.40% for TTCF. The company reported revenue of $54.12 million for the quarter, compared to $57.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.66 percent. For the current quarter, analysts expect TTCF to generate $72.96M in revenue.
Tattooed Chef Inc.(TTCF) Company Profile
Tattooed Chef, Inc., a plant-based food company, produces and sells a portfolio of frozen foods. It supplies plant-based products to retailers in the United States. The company offers ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, and plant-based burgers. Its products are available in private label and Tattooed Chef brand name in the frozen food section of retail food stores. As of December 31, 2021, it operated approximately 14,000 retail outlets. Tattooed Chef, Inc. is headquartered in Paramount, California.