Smart for Life Inc (SMFL) saw an uptrend of 14.21% in the recent trading with $0.89 being its most recent. The current price level -98.78% lower than the highest price of $73.12 marked by the stock while trading over the past 52-weeks, whereas it is 174.49% higher than the lowest price of $0.32 the company dropped to over past 52-weeks. The latest news story on SMFL appeared in (GlobeNewswire) under the title “Smart for Life Appoints Nutraceutical Industry Veteran Heather Granato to the Company’s Advisory Board”.
Squeezing the time span to 30 day period shows us the stock is currently trading -35.36% below one month high and is +22.88% above of the lowest during that time. Looking into the simple moving average, Smart for Life Inc (SMFL)’s stock stands at a SMA-50 of $1.0802 while that of 5-day is reading $0.7973.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SMFL’s SMA-200 as of now is $3.0988.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Smart for Life Inc Earnings – What Happened With SMFL
Coming around sales and income figures on SMFL Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Smart for Life Inc (SMFL) last released financial results for the quarter that ended 9/29/2023, posting a surprise factor of 34.60% for net revenue.
SMFL – Smart for Life Inc Stock Earnings Estimates
The perspective of Smart for Life Inc (NASDAQ:SMFL)’s current quarter earnings identifies that analysts are in consensus over the estimate of -11.49 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -7.51.
Smart for Life Inc – Insider Activity and Holdings
As on Dec 30, 2023, Susquehanna International Group, LLP was the top most holder in Smart for Life Inc (NASDAQ:SMFL) with an ownership of 17980.0 shares of the company or 2.26% of the stake worth $16039.0. The filing also reveals Tower Research Capital LLC (TRC) as the second largest holder in the company with a control over 0.39% of the outstanding shares. Its stake is worth $2737.0 for having 3069.0 shares in hand.
Wells Fargo & Company also came holding a key position in the company during the recent quarter and it now holds 0.00% of the outstanding shares. With this there are now 4 institutions which have possession in SMFL’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Smart for Life Inc has a debt to equity ratio of 16.22.
Technical Analysis of Smart for Life Inc (NASDAQ:SMFL) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Smart for Life Inc (SMFL), we notice that the stock’s 20-day average volume is at 541,770 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 419,138 shares. And to end, SMFL’s 100-day average volume is 1,980,116 shares with 100% of the long-term indicators pointing towards Sell for the stock.
