Turning Point Brands Inc [NYSE: TPB] loss -1.43% on the last trading session, reaching $61.41 price per share at the time.
If compared to the average trading volume of 144.45K shares, TPB reached a trading volume of 127080 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Turning Point Brands Inc [TPB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TPB shares is $61.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TPB stock is a recommendation set at 1.00. 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.
Oppenheimer have made an estimate for Turning Point Brands Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 14, 2024. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Buy. The new note on the price target was released on September 19, 2024, representing the official price target for Turning Point Brands Inc stock. Previously, the target price had yet another raise to $28, while The Benchmark Company analysts kept a Buy rating on TPB stock. On October 10, 2022, analysts decreased their price target for TPB shares from 28 to 22.
The Average True Range (ATR) for Turning Point Brands Inc is set at 2.09, with the Price to Sales ratio for TPB stock in the period of the last 12 months amounting to 2.66. The Price to Book ratio for the last quarter was 5.86, with the Price to Cash per share for the same quarter was set at 1.90. Price to Free Cash Flow for TPB in the course of the last twelve months was 15.30 with Quick ratio for the last quarter at 1.64.
Trading performance analysis for TPB stock
Turning Point Brands Inc [TPB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.44. With this latest performance, TPB shares gained by 30.69% in over the last four-week period, additionally plugging by 89.24% over the last 6 months – not to mention a rise of 169.11% 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 TPB stock in for the last two-week period is set at 74.12, with the RSI for the last a single of trading hit 70.81, and the three-weeks RSI is set at 74.81 for Turning Point Brands Inc [TPB]. The present Moving Average for the last 50 days of trading for this stock 48.23, while it was recorded at 61.86 for the last single week of trading, and 36.39 for the last 200 days.
Turning Point Brands Inc [TPB]: A deeper dive into fundamental analysis
Turning Point Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 4.21.
Turning Point Brands Inc [TPB]: An earnings per share (EPS) analysis
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 TPB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Turning Point Brands Inc go to 20.00%.
An analysis of Institutional ownership at Turning Point Brands Inc [TPB]
There are presently around $83.39%, or 87.39%% of TPB stock, in the hands of institutional investors. The top three institutional holders of TPB stocks are: VANGUARD GROUP INC with ownership of 1.56 million shares, which is approximately 8.8486%. BLACKROCK INC., holding 1.53 million shares of the stock with an approximate value of $$49.1 million in TPB stocks shares; and BLACKROCK INC., currently with $$44.09 million in TPB stock with ownership which is approximately 7.7815%.
