Toughbuilt Industries Stock Price on May 16, 2024
| TBLT Stock | USD 3.05 0.02 0.66% |
Below is the normalized historical share price chart for Toughbuilt Industries extending back to December 03, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Toughbuilt Industries stands at 3.05, as last reported on the 1st of June, with the highest price reaching 3.12 and the lowest price hitting 3.00 during the day.
If you're considering investing in Toughbuilt Stock, it is important to understand the factors that can impact its price. Toughbuilt Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0362, which indicates the firm had a -0.0362% return per unit of risk over the last 3 months. Toughbuilt Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toughbuilt Industries' Variance of 30.25, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,493) to confirm the risk estimate we provide.
At this time, Toughbuilt Industries' Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 210.9 M in 2024, whereas Stock Based Compensation is likely to drop slightly above 561.2 K in 2024. . At this time, Toughbuilt Industries' Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.01 in 2024, despite the fact that Price To Operating Cash Flows Ratio is likely to grow to (0.45). Toughbuilt Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of November 2018 | 200 Day MA 8.2549 | 50 Day MA 2.6861 | Beta 1.993 |
Toughbuilt |
Sharpe Ratio = -0.0362
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Estimated Market Risk
| 5.57 actual daily | 49 51% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Toughbuilt Industries is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Toughbuilt Industries by adding Toughbuilt Industries to a well-diversified portfolio.
Price Book 0.2294 | Enterprise Value Ebitda (0.12) | Price Sales 0.0212 | Shares Float 565.8 K | Wall Street Target Price 130 |
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Toughbuilt Industries Valuation on May 16, 2024
It is possible to determine the worth of Toughbuilt Industries on a given historical date. On May 16, 2024 Toughbuilt was worth 2.8 at the beginning of the trading date compared to the closed value of 3.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Toughbuilt Industries stock. Still, in general, we apply an absolute valuation method to find Toughbuilt Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Toughbuilt Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Toughbuilt Industries' related companies.
| Open | High | Low | Close | Volume | |
| 2.69 | 3.29 | 2.65 | 2.87 | 258,840 | |
05/16/2024 | 2.80 | 3.28 | 2.80 | 3.00 | 91,160 |
| 3.02 | 3.33 | 2.88 | 3.04 | 140,110 |
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Toughbuilt Industries Trading Date Momentum on May 16, 2024
| On May 17 2024 Toughbuilt Industries was traded for 3.04 at the closing time. The top price for the day was 3.33 and the lowest listed price was 2.88 . The trading volume for the day was 140.1 K. The trading history from May 17, 2024 was a factor to the next trading day price appreciation. The trading price change against the next closing price was 1.33% . The trading price change against the current closing price is 5.67% . |
Toughbuilt Industries Fundamentals Correlations and Trends
By evaluating Toughbuilt Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Toughbuilt Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Toughbuilt financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Toughbuilt Industries Stock history
Toughbuilt Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Toughbuilt is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Toughbuilt Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Toughbuilt Industries stock prices may prove useful in developing a viable investing in Toughbuilt Industries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 116.6 K | 122.4 K | |
| Net Loss | -33.8 M | -32.1 M |
Toughbuilt Industries Stock Technical Analysis
Toughbuilt Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Toughbuilt Industries Period Price Range
Low | May 16, 2024
| High |
2.80 | 3.00 |
Toughbuilt Industries June 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Toughbuilt Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Toughbuilt Industries shares will generate the highest return on investment. By undertsting and applying Toughbuilt Industries stock market strength indicators, traders can identify Toughbuilt Industries entry and exit signals to maximize returns
Toughbuilt Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Toughbuilt Industries' price direction in advance. Along with the technical and fundamental analysis of Toughbuilt Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Toughbuilt to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.06) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toughbuilt Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Toughbuilt Stock please use our How to Invest in Toughbuilt Industries guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running Toughbuilt Industries' price analysis, check to measure Toughbuilt Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toughbuilt Industries is operating at the current time. Most of Toughbuilt Industries' value examination focuses on studying past and present price action to predict the probability of Toughbuilt Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toughbuilt Industries' price. Additionally, you may evaluate how the addition of Toughbuilt Industries to your portfolios can decrease your overall portfolio volatility.
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Is Toughbuilt Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toughbuilt Industries. If investors know Toughbuilt will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toughbuilt Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (197.60) | Revenue Per Share 309.748 | Quarterly Revenue Growth (0.32) | Return On Assets (0.42) | Return On Equity (1.77) |
The market value of Toughbuilt Industries is measured differently than its book value, which is the value of Toughbuilt that is recorded on the company's balance sheet. Investors also form their own opinion of Toughbuilt Industries' value that differs from its market value or its book value, called intrinsic value, which is Toughbuilt Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toughbuilt Industries' market value can be influenced by many factors that don't directly affect Toughbuilt Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toughbuilt Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Toughbuilt Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toughbuilt Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.