Geometry Dash APK Hill Climb Racing APK
66.4 F
New York
Monday, May 23, 2022

Is Now the Time to Invest in RiceBran Technologies (NASDAQ:RIBT)?

Must read

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

RiceBran Technologies (RIBT) shares are trading at lower $0.45 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $2.97 and the low is $0.44. Over the last 52 weeks, RIBT is down -83.28% while the S&P 500 is up 15.97%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RIBT reported a profit of $-1.22 million. RiceBran Technologies also saw revenues decrease to $5.9 million. In addition, RIBT has free cash flow of -$7.21 million as of 06-2020. The company’s EBITDA came in at -$3.2 million which compares well with its peers.

RIBT booked profit margins of -55.40%, its Return on Equity (ROE) is -49.80%, and its Return on Assets is -37.20%. All told, it is clear that, RIBT needs to be on your watchlist.

Find out when RIBT reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RIBT has a short ratio of 0.78 and outstanding shares of 40.05M.

Company Outlook

RIBT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.31 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.39. RiceBran Technologies RIBT also noted assets of $35.34 million at the end of the last quarter. Investors should also keep an eye on sector updates as RIBT has historically followed its peers on positive news.

All told, RiceBran Technologies RIBT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RIBT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

RiceBran Technologies RIBT is now commanding a market cap of 18.23M and a float of 37.62M. RIBT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RIBT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RIBT, either long or short, and we have not been compensated for this article.

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service