Whole Earth Brands Inc. (NASDAQ:FREE) Relative Strength Index (RSI) is 51.59, with weekly volatility at 2.81% and ATR at 0.41. The FREE stock’s 52-week price range has touched low of $6.92 and a $14.95 high. Intraday shares traded counted 0.35 million, which was -41.37% lower than its 30-day average trading volume of 249.08K. Its shares traded higher over the last trading session, gaining 1.00% on 06/10/21. The shares fell to a low of $13.08 before closing at $13.19. FREE’s previous close was $13.06 while the outstanding shares total 38.43M.
Investors have identified the Packaged Foods company Whole Earth Brands Inc. 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 $511.90 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.
Whole Earth Brands Inc. (FREE) 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 FREE, the company has in raw cash 27.81 million on their books with 3.75 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 a decline. In terms of their assets, the company currently has 303.65 million total, with 133.03 million as their total liabilities.
FREE were able to record -7.14 million as free cash flow during the 08/13/2021 quarter of the year, this saw their quarterly net cash flow reduce by 10.91 million. In cash movements, the company had a total of -5.6 million as operating cash flow.
Potential earnings growth for Whole Earth Brands Inc. (FREE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/13/2021 quarter of the year, Whole Earth Brands Inc. recorded a total of 105.83 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 37.66% coming in sequential stages and their sales for the 08/13/2021 quarter increasing by 28.48%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 70.17 million trying to sell their products during the last quarter, with the result yielding a gross income of 35.65 million. This allows shareholders to hold on to 38.43M with the recently reported earning now reading -0.31 cents per share. This is a figure that compared to analyst’s prediction for their 08/13/2021 (0.13 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FREE sounds very interesting.
Is the stock of FREE attractive?
In related news, Director, FALTISCHEK DENISE M bought 5,000 shares of the company’s stock in a transaction that recorded on Sep 03. The purchase was performed at an average price of 8.02, for a total value of 40,124. As the purchase deal closes, the Director, McMillin John M. now bought 7,000 shares of the company’s stock, valued at 54,600. Also, Chief Financial Officer, Rusie Andrew bought 1,270 shares of the company’s stock in a deal that was recorded on Aug 26. The shares were cost at an average price of 7.85 per share, with a total market value of 9,963. Following this completion of disposal, the Chief Executive Officer, Manzone Albert now holds 10,000 shares of the company’s stock, valued at 74,284. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.00%.
6 out of 6 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Whole Earth Brands Inc.. 0 analysts has assigned a Sell rating on the FREE stock. The 12-month mean consensus price target for the company’s shares has been set at $22.08.