Investors Are Waking Up To Smart for Life Inc (NASDAQ: SMFL) After Losing -95.21% Over The Past 12 Months

Smart for Life Inc (NASDAQ:SMFL) currently has a daily average trading volume of 1.28M but it saw 90246883 shares traded in last market. With a market cap of 0.41M USD, the company’s current market price of $1.57 came rising about 61.86 while comparing to the previous closing price of $0.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.20 and as low as $0.78. In the recent trading on the day, stock has struck highest price mark of $1.37 while lowest mark touched by it was $2.5799.

Taking a look at 20-day trading activity of Smart for Life Inc (SMFL) gives us an average price of $1.4758, while its current price level is -95.99% below from 52-week high level whereas it is 102.32% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.2243 while that of 200 days or SMA-200 reads an average of $5.8427. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.64% during that period while stretching the period over a month that decreases to 20.59%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.69 which implies that the stock is in neutral territory.

Over the week, SMFL’s stock price is moving 49.52% up while it is -25.59% when we observe its performance for the past one month. Year-to-date it is -86.41% down and over the past year, the stock is showing a downside performance of -95.21%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -598.5 beaten by the consensus estimate of -31.5 for the same. The company is expected to be releasing its next quarterly report on 2023-Nov-20, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $3M for current-quarter revenue.

Currently, Smart for Life Inc’s total number of outstanding shares is 0.26M with 2.80% of that held by the insiders while 129.66% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -180.11% and return on equity (ROE) at -1393.14%. Stock’s beta reads 1.00. Stock has a price to book (P/B) ratio of 0.15 while price to sale or P/S ratio amounts to 0.04. Its return on asset (ROA) is -70.10% on average.