The price of ToughBuilt Industries Inc. (NASDAQ:TBLT) shares last traded on Wall Street rose 15.73% to $0.37.
Based on available information, 1 analysts follow 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 $0.32, this indicates a potential upside of 1775.0 percent. TBLT stock price is now -49.98% away from the 50-day moving average and -77.92% away from the 200-day moving average. The market capitalization of the company currently stands at $7.42M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. 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 VIRTU FINANCIAL LLC during the first quarter worth $20,000. SIMPLICITY SOLUTIONS, LLC invested $9,000 in shares of TBLT during the first quarter. In the first quarter, NORTHERN TRUST CORP acquired a new stake in ToughBuilt Industries Inc. valued at approximately $7,000. JANE STREET GROUP, LLC acquired a new stake in TBLT for approximately $5,000. In total, there are 23 active investors with 10.40% ownership of the company’s stock.
A candlestick chart of ToughBuilt Industries Inc. (NASDAQ: TBLT) showed a price of $0.3200 on Tuesday morning. During the past 12 months, ToughBuilt Industries Inc. has had a low of $0.25 and a high of $9.59. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.00, and a quick ratio of 0.30. The fifty day moving average price for TBLT is $0.7188 and a two-hundred day moving average price translates $1.6435 for the stock.
The latest earnings results from ToughBuilt Industries Inc. (NASDAQ: TBLT) was released for Mar, 2023. 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 -$14.04 EPS in the same period last year. The net profit margin was -43.70% and return on equity was -120.60% for TBLT. The company reported revenue of $20.21 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 17.37 percent. For the current quarter, analysts expect TBLT to generate $21.5M in revenue.
ToughBuilt Industries Inc.(TBLT) Company Profile
ToughBuilt Industries, Inc. engages in design, development, manufacture, and distribution of 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 measures, including lasers 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 professional 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 headquartered in Lake Forest, California.
