RiceBran Technologies (NASDAQ:RIBT) shares traded higher over the last trading session, gaining 2.56% on 02/19/21. The shares fell to a low of $1.135 before closing at $1.20. Intraday shares traded counted 0.47 million, which was 52.21% higher than its 30-day average trading volume of 987.50K. RIBT’s previous close was $1.17 while the outstanding shares total 40.82M. The firm has a beta of 0.38. The stock’s Relative Strength Index (RSI) is 64.86, with weekly volatility at 10.86% and ATR at 0.11. The RIBT stock’s 52-week price range has touched low of $0.37 and a $1.49 high.
Investors have identified the Packaged Foods company RiceBran Technologies as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $49.10 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
RiceBran Technologies (RIBT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RIBT, the company has in raw cash 3.89 million on their books with 0.57 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 9.62 million total, with 5.86 million as their total liabilities.
Is the stock of RIBT attractive?
In related news, Director, Gendason Ari David bought 5,000 shares of the company’s stock in a transaction that recorded on Dec 10. The purchase was performed at an average price of 0.54, for a total value of 2,695. As the purchase deal closes, the Director, Gendason Ari David now bought 10,000 shares of the company’s stock, valued at 5,303. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on RiceBran Technologies. 0 analysts has assigned a Sell rating on the RIBT stock. The 12-month mean consensus price target for the company’s shares has been set at $1.00.