Stocks of Smart for Life Inc. (NASDAQ:SMFL) traded higher last session on Wall Street, up 14.46% to $0.20.
SMFL stock price is now -31.09% away from the 50-day moving average and -57.39% away from the 200-day moving average. The market capitalization of the company currently stands at $6.82M.
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In other news, Trilogy Capital Group, LLC, 10% Owner sold 1,161,000 shares of the company’s stock on Dec 16. The stock was sold for $298,377 at an average price of $0.26. Upon completion of the transaction, the 10% Owner now directly owns 5,229,000 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Executive Chairman Cervantes Alfonso J. JR sold 1,161,000 shares of the business’s stock. A total of $298,377 was realized by selling the stock at an average price of $0.26. This leaves the insider owning 5,229,000 shares of the company worth $1.05 million. Insiders disposed of 3,483,888 shares of company stock worth roughly $0.7 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SMFL stock. A new stake in Smart for Life Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $4,000. In total, there are 8 active investors with 0.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $0.1810 for Smart for Life Inc. (NASDAQ: SMFL). During the past 12 months, Smart for Life Inc. has had a low of $0.17 and a high of $3.25. As of last week, the company has a debt-to-equity ratio of 10.43, a current ratio of 0.50, and a quick ratio of 0.20. The fifty day moving average price for SMFL is $0.2917 and a two-hundred day moving average price translates $0.4718 for the stock.
The latest earnings results from Smart for Life Inc. (NASDAQ: SMFL) was released for Jun, 2022. The company reported revenue of $5.36 million for the quarter, compared to $3.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.06 percent. For the current quarter, analysts expect SMFL to generate $9.2M in revenue.
Smart for Life Inc.(SMFL) Company Profile
Smart for Life, Inc. acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements; dietary supplements; nutritional supplements for athletes and active lifestyle consumers comprising powders, tablets, and soft gels; and various nutritional supplements. It sells its products through online market platforms. The company was formerly known as Bonne Santé Group, Inc. and changed its name to Smart for Life, Inc. in August 2021. Smart for Life, Inc. was founded in 2002 and is based in Miami, Florida.
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