BranchOut Food Inc (NASDAQ: BOF) is 44.63% higher on its value in year-to-date trading and has touched a low of $0.61 and a high of $4.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BOF stock was last observed hovering at around $1.70 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.75, the stock is 5.61% and -0.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 2.94% at the moment leaves the stock 10.80% off its SMA200. BOF registered 6.71% gain for a year compared to 6-month loss of -18.60%. The firm has a 50-day simple moving average (SMA 50) of $1.76252 and a 200-day simple moving average (SMA200) of $1.57937.
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The stock witnessed a -6.42% gain in the last 1 month and extending the period to 3 months gives it a 116.05%, and is 1.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.25% over the week and 12.77% over the month.
BranchOut Food Inc (BOF) has around 6 employees, a market worth around $12.11M and $5.22M in sales. Profit margin for the company is -79.93%. Distance from 52-week low is 187.59% and -57.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-77.59%).
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BranchOut Food Inc (BOF) Top Institutional Holders
9.0 institutions hold shares in BranchOut Food Inc (BOF), with institutional investors hold 8.47% of the company’s shares. The shares outstanding are 6.92M, and float is at 4.51M with Short Float at 2.52%. Institutions hold 5.56% of the Float.
BranchOut Food Inc (BOF) Insider Activity
The most recent transaction is an insider purchase by Jones Byron Riche, the company’s Director. SEC filings show that Jones Byron Riche bought 2,955 shares of the company’s common stock on Aug 26 ’24 at a price of $0.65 per share for a total of $1921.0. Following the purchase, the insider now owns 0.15 million shares.
BranchOut Food Inc disclosed in a document filed with the SEC on Jul 22 ’24 that Jones Byron Riche (Director) bought a total of 41,755 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $0.99 per share for $41337.0. Following the transaction, the insider now directly holds 0.15 million shares of the BOF stock.
