Kaival Brands Innovations Group Inc (NASDAQ:KAVL) does about 865.50K shares in volume on a normal day but saw 181872089 shares change hands in the recent trading day. The company now has a market cap of 9.15M USD. Its current market price is $1.35, marking an increase of 133.16% compared to the previous close of $0.58. The 52 week high reached by this stock is $13.02 whilst the lowest price level in 52 weeks is $0.58.
Kaival Brands Innovations Group Inc (KAVL) has a 20-day trading average at $0.6967 and the current price is -89.63% off the 52-week high compared with 134.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8345 and its 200-day simple moving average is $2.3973. If we look at the stock’s price movements over the week, volatility stands at 19.87%, which decreases to 12.29% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.55 to suggest the stock is overbought.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 73.0% over the period.
The current price level is 102.95%, 61.89%, and -44.21% away from its SMA20, SMA50, and SMA200 respectively, with the KAVL price moving below the 50-day SMA on current market day. Kaival Brands Innovations Group Inc (KAVL) stock is up 94.75% over the week and 83.42% over the past month. Its price is -68.02% year-to-date and -88.01% over the past year.
The stock last released its quarterly earnings report for quarter ended 4/30/2023, with the company’s earnings per share (EPS) of -1.89 above consensus estimates by 0.52. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $20.2M, which analysts say will come at $47.9M for the current fiscal year and next year at $96.6M. In addition, estimates put the company’s current quarterly revenue at an average of $15.1M.
To reach the target analysts have set, the stock logically needs to grow 73.0 percent from here.
Outstanding shares total 6.78M with insiders holding 48.00% of the shares and institutional holders owning 0.44% of the company’s common stock. The company has a return on investment of -55.93% and return on equity of -51.37%. The beta has a value of 0.11. Price to book ratio is 0.68 and price to sales ratio is 0.91.
