Are Analysts Expecting A Better 2020 For Eastside Distilling Inc (EAST)?

Eastside Distilling Inc (EAST) concluded trading on Thursady at a closing price of $1.06, with 4.51 million shares of worth about $4.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -46.19% during that period and on Thursady the price saw a gain of about 6.07%. Currently the company’s common shares owned by public are about 1.56M shares, out of which, 1.08M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

However, the stock later moved at a day high price of 1.2752, or with a gain of 6.07%. Stock saw a price change of -6.61% in past 5 days and over the past one month there was a price change of -1.86%. Year-to-date (YTD), EAST shares are showing a performance of -17.83% which decreased to -81.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.90 but also hit the highest price of $8.22 during that period. The average intraday trading volume for Eastside Distilling Inc shares is 74.69K. The stock is currently trading -3.06% below its 20-day simple moving average (SMA20), while that difference is down -7.36% for SMA50 and it goes to -49.26% lower than SMA200.

Eastside Distilling Inc (NASDAQ: EAST) currently have 1.56M outstanding shares and institutions hold larger chunk of about 0.58% of that.

The stock has a current market capitalization of $1.65M and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$18.36 in the same period. It has Quick Ratio of 0.54 while making debt-to-equity ratio of 5.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EAST, volatility over the week remained 11.97% while standing at 8.89% over the month.

Analysts are in expectations that Eastside Distilling Inc (EAST) stock would likely to be making an EPS of -$0.9 in the current quarter, while forecast for next quarter EPS is -$0.22 and it is $0.33 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.9 which is -$0.9 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$12.4 in the same quarter a year ago.

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