Stryve Foods Inc (NASDAQ: SNAX) – Time For Strategy Change?

Stryve Foods Inc (NASDAQ:SNAX) currently has a daily average trading volume of 34.47K but it saw 1512538 shares traded in last market. With a market cap of 3.64M USD, the company’s current market price of $0.99 came falling about -24.47 while comparing to the previous closing price of $1.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.45 and as low as $1.04. In the recent trading on the day, stock has struck highest price mark of $0.95 while lowest mark touched by it was $1.26.

Taking a look at 20-day trading activity of Stryve Foods Inc (SNAX) gives us an average price of $1.4993, while its current price level is -71.34% below from 52-week high level whereas it is -4.72% 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 $1.5636 while that of 200 days or SMA-200 reads an average of $1.6475. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.12% during that period while stretching the period over a month that decreases to 13.56%. 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 29.00 which implies that the stock is in oversold territory.

Over the week, SNAX’s stock price is moving -36.58% down while it is -28.82% when we observe its performance for the past one month. Year-to-date it is -61.95% down and over the past year, the stock is showing a downside performance of -68.78%.

Currently, Stryve Foods Inc’s total number of outstanding shares is 2.25M. Company’s return on investment (ROI) stands at -146.33% and return on equity (ROE) at -575.44%. Stock’s beta reads 1.05. Stock has a price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -48.51% on average.