In yesterday’s Wall Street session, ToughBuilt Industries Inc. (NASDAQ:TBLT) shares traded at $1.65, down -5.71% from the previous session.
As of this writing, 1 analysts cover ToughBuilt Industries Inc. (NASDAQ:TBLT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $1.75, this indicates a potential upside of 242.86 percent. TBLT stock price is now -20.06% away from the 50-day moving average and -43.23% away from the 200-day moving average. The market capitalization of the company currently stands at $22.34M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
A total of 0.03% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TBLT stock. A new stake in ToughBuilt Industries Inc. shares was purchased by VANGUARD GROUP INC during the first quarter worth $140,000. GEODE CAPITAL MANAGEMENT, LLC invested $134,000 in shares of TBLT during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in ToughBuilt Industries Inc. valued at approximately $20,000. AVEO CAPITAL PARTNERS, LLC acquired a new stake in TBLT for approximately $17,000. JPMORGAN CHASE & CO purchased a new stake in TBLT valued at around $1,000 in the second quarter. In total, there are 21 active investors with 10.40% ownership of the company’s stock.
Tuesday morning saw ToughBuilt Industries Inc. (NASDAQ: TBLT) opened at $1.8100. During the past 12 months, ToughBuilt Industries Inc. has had a low of $1.34 and a high of $41.67. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.70, and a quick ratio of 0.70. The fifty day moving average price for TBLT is $2.0574 and a two-hundred day moving average price translates $2.8865 for the stock.
The latest earnings results from ToughBuilt Industries Inc. (NASDAQ: TBLT) was released for Sep, 2022. According to the Tools & Accessories Company, earnings per share came in at $0.41, beating analysts’ expectations of -$0.93 by 1.34. This compares to -$11.18 EPS in the same period last year. The net profit margin was -42.90% and return on equity was -78.60% for TBLT. The company reported revenue of $30.25 million for the quarter, compared to $17.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.68 percent. For the current quarter, analysts expect TBLT to generate $21.5M in revenue.
ToughBuilt Industries Inc.(TBLT) Company Profile
ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.
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