ToughBuilt Industries Inc. [TBLT] Stock trading around $5.88 per share: What’s Next?



ToughBuilt Industries Inc. [NASDAQ: TBLT] slipped around -2.1 points on Monday, while shares priced at $5.88 at the close of the session, down -26.32%. The company report on July 25, 2022 that ToughBuilt Industries Announces $20 Million Private Placement Priced at a Premium to Market under Nasdaq Rules.

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ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced that it has entered into definitive agreements with institutional investors for the issuance and sale of 4,000,000 shares of common stock (or pre-funded warrants in lieu thereof) and preferred investment options to purchase up to 8,000,000 shares of common stock at an offering price of $5.00 per share (or pre-funded warrant) and accompanying preferred investment options, in a private placement priced at a premium to market under Nasdaq rules. Each share of common stock (or pre-funded warrant) was sold in the offering together with a series A preferred investment option to purchase one share of common stock that is exercisable immediately for a term of three years at an exercise price of $5.00 per share and a series B preferred investment option to purchase one share of common stock that is exercisable immediately for a term of two years at an exercise price of $5.00 per share. The private placement is expected to close on or about July 27, 2022, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

ToughBuilt Industries Inc. stock is now -89.26% down from its year-to-date (YTD) trading value. TBLT Stock saw the intraday high of $6.23 and lowest of $5.40 per share. The company’s 52-week high price is 104.99, which means current price is +338.81% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 9.90M shares, TBLT reached a trading volume of 26739698 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ToughBuilt Industries Inc. [TBLT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TBLT shares is $225.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TBLT stock is a recommendation set at 2.00. 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.

The Average True Range (ATR) for ToughBuilt Industries Inc. is set at 1.04, with the Price to Sales ratio for TBLT stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.11, with the Price to Cash per share for the same quarter was set at 0.92.

How has TBLT stock performed recently?

ToughBuilt Industries Inc. [TBLT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 119.40. With this latest performance, TBLT shares gained by 237.93% in over the last four-week period, additionally sinking by -85.50% over the last 6 months – not to mention a drop of -93.54% 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 TBLT stock in for the last two-week period is set at 60.22, with the RSI for the last a single of trading hit 64.46, and the three-weeks RSI is set at 53.73 for ToughBuilt Industries Inc. [TBLT]. The present Moving Average for the last 50 days of trading for this stock 4.23, while it was recorded at 5.37 for the last single week of trading, and 35.31 for the last 200 days.

ToughBuilt Industries Inc. [TBLT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ToughBuilt Industries Inc. [TBLT] shares currently have an operating margin of -56.12 and a Gross Margin at +27.30. ToughBuilt Industries Inc.’s Net Margin is presently recorded at -53.59.

Return on Equity for this stock declined to -97.16, with Return on Assets sitting at -70.51.

ToughBuilt Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 2.10.

Insider trade positions for ToughBuilt Industries Inc. [TBLT]

There are presently around $1 million, or 8.80% of TBLT stock, in the hands of institutional investors. The top three institutional holders of TBLT stocks are: JPMORGAN CHASE & CO with ownership of 35,338, which is approximately 952.039% of the company’s market cap and around 0.39% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 29,787 shares of the stock with an approximate value of $0.17 million in TBLT stocks shares; and VANGUARD GROUP INC, currently with $0.16 million in TBLT stock with ownership of nearly -10.11% of the company’s market capitalization.

Positions in ToughBuilt Industries Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 13 institutional holders increased their position in ToughBuilt Industries Inc. [NASDAQ:TBLT] by around 79,162 shares. Additionally, 12 investors decreased positions by around 14,032 shares, while 12 investors held positions by with 51,612 shares. The mentioned changes placed institutional holdings at 144,806 shares, according to the latest SEC report filing. TBLT stock had 6 new institutional investments in for a total of 1,812 shares, while 8 institutional investors sold positions of 10,072 shares during the same period.