ToughBuilt Industries Inc. [TBLT] Revenue clocked in at $75.00 million, down -91.21% YTD: What’s Next?

ToughBuilt Industries Inc. [NASDAQ: TBLT] closed the trading session at $4.81 on 08/15/22. The day’s price range saw the stock hit a low of $4.70, while the highest price level was $5.13. The company report on August 15, 2022 that ToughBuilt Industries to Report Second Quarter 2022 Financial Results on August 19, 2022.

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Earnings Conference Call to be held at 5:00 p.m. (EST).

ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today reported that it will announce its financial results for the second quarter of 2022 after the NASDAQ market closes on Friday, August 19, 2022.

The stocks have a year to date performance of -91.21 percent and weekly performance of -33.19 percent. The stock has been moved at -88.07 percent over the last six months. The stock has performed 82.20 percent around the most recent 30 days and changed -49.53 percent over the most recent 3-months.

If compared to the average trading volume of 14.07M shares, TBLT reached to a volume of 5513337 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 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 1.13, with the Price to Sales ratio for TBLT stock in the period of the last 12 months amounting to 0.15. The Price to Book ratio for the last quarter was 0.09, with the Price to Cash per share for the same quarter was set at 0.38.

TBLT stock trade performance evaluation

ToughBuilt Industries Inc. [TBLT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -33.19. With this latest performance, TBLT shares gained by 82.20% in over the last four-week period, additionally sinking by -88.07% over the last 6 months – not to mention a drop of -95.31% 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 45.40, with the RSI for the last a single of trading hit 39.42, and the three-weeks RSI is set at 46.43 for ToughBuilt Industries Inc. [TBLT]. The present Moving Average for the last 50 days of trading for this stock 4.20, while it was recorded at 5.90 for the last single week of trading, and 29.98 for the last 200 days.

ToughBuilt Industries Inc. [TBLT]: An insightful look at the core 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.

ToughBuilt Industries Inc. [TBLT]: Insider Ownership positions

There are presently around $2 million, or 8.00% of TBLT stock, in the hands of institutional investors. The top three institutional holders of TBLT stocks are: CITADEL ADVISORS LLC with ownership of 79,826, which is approximately New of the company’s market cap and around 18.45% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 61,390 shares of the stock with an approximate value of $0.29 million in TBLT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.19 million in TBLT stock with ownership of nearly 30.52% 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 16 institutional holders increased their position in ToughBuilt Industries Inc. [NASDAQ:TBLT] by around 317,369 shares. Additionally, 23 investors decreased positions by around 109,391 shares, while 1 investors held positions by with 74,046 shares. The mentioned changes placed institutional holdings at 352,714 shares, according to the latest SEC report filing. TBLT stock had 9 new institutional investments in for a total of 180,183 shares, while 21 institutional investors sold positions of 109,386 shares during the same period.


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