RiceBran Technologies [RIBT] moved up 1.05: Why It’s Important


RiceBran Technologies [NASDAQ: RIBT] surged by $0.01 during the normal trading session on Wednesday and reaching a high of $0.5977 during the day while it closed the day at $0.54. The company report on April 28, 2022 that RiceBran Technologies Reports First Quarter 2022 Results.

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RiceBran Technologies (NASDAQ:RIBT) (the “Company”), a global leader in the development and manufacture of nutritional and functional ingredients derived from rice and other small and ancient grains for human food, nutraceutical, pet care and equine feed applications, today announced financial results for the first quarter ended March 31, 2022.

RiceBran Technologies stock has also gained 14.45% of its value over the past 7 days. However, RIBT stock has inclined by 60.66% in the 3 months of the year. Over the past six months meanwhile, it has lost -0.81% and gained 54.13% year-on date.

The market cap for RIBT stock reached $26.95 million, with 52.53 million shares outstanding and 49.72 million shares in the current float. Compared to the average trading volume of 1.63M shares, RIBT reached a trading volume of 5422681 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about RiceBran Technologies [RIBT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIBT shares is $0.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIBT stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Lake Street have made an estimate for RiceBran Technologies shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2017. The new note on the price target was released on March 24, 2017, representing the official price target for RiceBran Technologies stock. Previously, the target price had yet another drop from $5 to $3, while Maxim Group kept a Buy rating on RIBT stock. On November 13, 2015, analysts decreased their price target for RIBT shares from 7 to 5.

The Average True Range (ATR) for RiceBran Technologies is set at 0.07, with the Price to Sales ratio for RIBT stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 1.63, with the Price to Cash per share for the same quarter was set at 0.12.

RIBT stock trade performance evaluation

RiceBran Technologies [RIBT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.45. With this latest performance, RIBT shares dropped by -0.39% in over the last four-week period, additionally sinking by -0.81% over the last 6 months – not to mention a drop of -40.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIBT stock in for the last two-week period is set at 55.30, with the RSI for the last a single of trading hit 57.48, and the three-weeks RSI is set at 54.69 for RiceBran Technologies [RIBT]. The present Moving Average for the last 50 days of trading for this stock 0.4784, while it was recorded at 0.4853 for the last single week of trading, and 0.5202 for the last 200 days.

RiceBran Technologies [RIBT]: An insightful look at the core fundamentals

RiceBran Technologies’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for RiceBran Technologies [RIBT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIBT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for RiceBran Technologies go to 40.00%.

RiceBran Technologies [RIBT]: Insider Ownership positions

There are presently around $8 million, or 28.30% of RIBT stock, in the hands of institutional investors. The top three institutional holders of RIBT stocks are: CONTINENTAL GRAIN CO with ownership of 10,649,068, which is approximately 0% of the company’s market cap and around 18.30% of the total institutional ownership; ROUMELL ASSET MANAGEMENT, LLC, holding 1,414,923 shares of the stock with an approximate value of $0.75 million in RIBT stocks shares; and VANGUARD GROUP INC, currently with $0.69 million in RIBT stock with ownership of nearly 0% of the company’s market capitalization.

11 institutional holders increased their position in RiceBran Technologies [NASDAQ:RIBT] by around 221,073 shares. Additionally, 11 investors decreased positions by around 2,295,715 shares, while 12 investors held positions by with 12,771,117 shares. The mentioned changes placed institutional holdings at 15,287,905 shares, according to the latest SEC report filing. RIBT stock had 7 new institutional investments in for a total of 115,750 shares, while 5 institutional investors sold positions of 2,067,107 shares during the same period.