In yesterday’s Wall Street session, Smart for Life Inc. (NASDAQ:SMFL) shares traded at $2.09, up 3.98% from the previous session.
1 analysts cover Smart for Life Inc. (NASDAQ:SMFL), 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 $8.00 and a low of $8.00, we find $8.00. Given the previous closing price of $2.01, this indicates a potential upside of 298.01 percent. SMFL stock price is now -32.87% away from the 50-day moving average and -92.30% away from the 200-day moving average. The market capitalization of the company currently stands at $2.89M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
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 $10.93 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 $10.93 million. Insiders disposed of 3,483,000 shares of company stock worth roughly $7.28 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.
On Wednesday morning Smart for Life Inc. (NASDAQ: SMFL) stock kicked off with the opening price of $2.2100. During the past 12 months, Smart for Life Inc. has had a low of $1.80 and a high of $101.32. The fifty day moving average price for SMFL is $3.0244 and a two-hundred day moving average price translates $26.8790 for the stock.
The latest earnings results from Smart for Life Inc. (NASDAQ: SMFL) was released for Mar, 2023. According to the Packaged Foods Company, earnings per share came in at -$5.43, missing analysts’ expectations of $0 by -5.43. This compares to -$40.82 EPS in the same period last year. The company reported revenue of $2.4 million for the quarter, compared to $4.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.02 percent. For the current quarter, analysts expect SMFL to generate $3M 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 under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers. The company also provides various nutritional products, including antioxidant rich supplements, plant-based proteins, alkalizing nutrients, and weight management products. 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 Boca Raton, Florida.
