Stocks of ToughBuilt Industries Inc. (NASDAQ:TBLT) traded higher last session on Wall Street, up 0.43% to $0.35.
According to the data, ToughBuilt Industries Inc. (NASDAQ:TBLT) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.35, this indicates a potential upside of 471.43 percent. TBLT stock price is now -35.03% away from the 50-day moving average and -76.77% away from the 200-day moving average. The market capitalization of the company currently stands at $7.23M.
A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
A total of 5.82% 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 NORTHERN TRUST CORP during the first quarter worth $7,000. JANE STREET GROUP, LLC invested $5,000 in shares of TBLT during the first quarter.
Wednesday’s opening bell rang with an opening price of $0.3590 for ToughBuilt Industries Inc. (NASDAQ: TBLT). During the past 12 months, ToughBuilt Industries Inc. has had a low of $0.25 and a high of $8.50. 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 $0.5234 and a two-hundred day moving average price translates $1.4859 for the stock.
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.
