Stryve Foods Inc. (NASDAQ:SNAX) currently has a daily average trading volume of 302.07K but it saw 304067 shares traded on Wednesday. With a market cap of 15.37M USD, stock’s current market price of $0.68 came rising about 2.92 while comparing to the previous closing price of $0.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.25 and as low as $0.22. In the recent trading on the day, stock has struck highest price mark of $0.69 while lowest mark touched by it was $0.64.
Taking a look at 20-day trading activity of Stryve Foods Inc. (SNAX) gives us an average price of $0.3947, while its current price level is -87.10% below from 52-week high level whereas it is 207.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4328 while that of 200 days or SMA-200 reads an average of $1.0864. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.86% during that period while stretching the period over a month that decreases to 17.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.74 which implies that the stock is in overbought territory.
Stryve Foods Inc. (SNAX)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $1.00 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $2.00 which highlights an upside potential of 66.0% for the stock over that period. And to attain the median price target of $2.00 assigned by those analysts, stock has to add about 66.0% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SNAX’s stock price is moving 66.13% up while it is 117.68% when we observe its performance for the past one month. Year-to-date it is -82.86% down and over the past year, the stock is showing a downside performance of -84.00%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.53 beaten by the consensus estimate of -$0.33 for the same. The company is expected to be releasing its next quarterly report in 03/27/2023, for which analysts forecasted an EPS of -$0.2 while estimate for next year EPS is -$1.11. For SNAX, analysts are forecasting an EPS-growth rate of 48.60% for current year and estimate for EPS growth in next year is 57.70%. In next quarter, company is expected to be making quarterly sales of $9.14 million as analysts are expecting the sales for current fiscal year at $35.46 million and seeing the company making $47.09 million in sales next year. Moreover, analysts are in estimates of $7.95 million for current-quarter revenue.
Currently, Stryve Foods Inc.’s total number of outstanding shares is 28.25M with 20.38% of that held by the insiders while 23.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -131.50% and return on equity (ROE) at -160.10%. Stock’s beta reads 0.45. Stock has a price to book (P/B) ratio of 0.76 while price to sale or P/S ratio amounts to 0.45. Its return on asset (ROA) is -100.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by -85.04% in the Stryve Foods Inc. (SNAX) decreasing its stake to 0.60% with control over -0.75 million shares in the company.