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

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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.

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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.

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