HRT Financial LLC recently announced the acquisition of new stake in Smart for Life Inc (NASDAQ:SMFL). This fresh investment now brings its stake to 1.37% valued currently at $26264.0. In addition, ORG Partners LLC raised its holdings by 778.0 to 778.0 shares.
With over 30.9 million Smart for Life Inc (SMFL) shares trading Friday and a closing price of $1.97 on the day, the dollar volume was approximately $60.87 million. The shares have shown a negative half year performance of -74.98% and its price on 12/22/23 gained nearly 40.71%.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Extended Market Index Fu owns 2012.0 shares of the company’s stock, all valued at over $4849.0. The company bought an additional 1.0 shares recently to bring their total holdings to about 0.25% of the shares outstanding.
Shares of Smart for Life Inc (NASDAQ: SMFL) opened at $2.15, up $0.75 from a prior closing price of $1.40. However, the script later moved the day high at 2.6500, up 40.71%. The company’s stock has a 5-day price change of 425.33% and -26.22% over the past three months. SMFL shares are trading -98.14% year to date (YTD), with the 12-month market performance down to -98.10% lower. It has a 12-month low price of $0.32 and touched a high of $135.00 over the same period. SMFL has an average intraday trading volume of 1.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 71.54%, 21.97%, and -87.76% respectively.
Institutional ownership of Smart for Life Inc (NASDAQ: SMFL) shares accounts for 6.26% of the company’s. Mutual fund holders own 0.25%, while other institutional holders and individual stakeholders account for 3.53% and — respectively.
It has a market capitalization of $0.95M and a beta (3y monthly) value of 0.84. The earnings-per-share (ttm) stands at -$174.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 89.69% over the week and 45.04% over the month.
Analysts forecast that Smart for Life Inc (SMFL) will achieve an EPS of $SFL Corporation Ltd for the current quarter, $11.71 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Invesco Exchange-Traded Self-In while analysts give the company a high EPS estimate of $Sumitomo Mitsui Financial Group. Comparatively, EPS for the current quarter was $The Simply Good Foods Company a year ago. Earnings per share for the fiscal year are expected to decrease by -691.55%, and 99.47% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Smart for Life Inc (SMFL) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
