In yesterday’s Wall Street session, Tattooed Chef Inc. (NASDAQ:TTCF) shares traded at $0.29, down -1.54% from the previous session.
2 analysts cover Tattooed Chef Inc. (NASDAQ:TTCF), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.60 and a low of $0.60, we find $0.60. Given the previous closing price of $0.29, this indicates a potential upside of 106.9 percent. TTCF stock price is now -67.06% away from the 50-day moving average and -85.67% away from the 200-day moving average. The market capitalization of the company currently stands at $23.14M.
The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $0.60 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).
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 SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $60,000. POINT72 ASSET MANAGEMENT, L.P. invested $18,000 in shares of TTCF during the first quarter. In the first quarter, Y-INTERCEPT (HONG KONG) LTD acquired a new stake in Tattooed Chef Inc. valued at approximately $16,000. BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in TTCF for approximately $3,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in TTCF valued at around $2,000 in the second quarter. In total, there are 143 active investors with 16.20% ownership of the company’s stock.
On Wednesday morning Tattooed Chef Inc. (NASDAQ: TTCF) stock kicked off with the opening price of $0.3066. During the past 12 months, Tattooed Chef Inc. has had a low of $0.28 and a high of $8.43. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.00, and a quick ratio of 0.40. The fifty day moving average price for TTCF is $0.8462 and a two-hundred day moving average price translates $1.9737 for the stock.
The latest earnings results from Tattooed Chef Inc. (NASDAQ: TTCF) was released for Mar, 2023. According to the Packaged Foods Company, earnings per share came in at -$0.21, beating analysts’ expectations of -$0.22 by 0.01. This compares to -$0.25 EPS in the same period last year. The company reported revenue of $59.09 million for the quarter, compared to $67.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.7 percent. For the current quarter, analysts expect TTCF to generate $46.38M 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, wood fire crusted pizza, handheld burritos, and bars and quesadillas. Its products are available in private label and Tattooed Chef brand name in the frozen food section of retail food stores, as well as online. Tattooed Chef, Inc. is headquartered in Paramount, California.
