Are Tattooed Chef Inc. (NASDAQ:TTCF) shares too expensive at this price?

In the latest session, Tattooed Chef Inc. (NASDAQ: TTCF) closed at $1.93 down -14.60% from its previous closing price of $2.26. In other words, the price has decreased by -$0.3300 from its previous closing price. On the day, 2981322 shares were traded. TTCF stock price reached its highest trading level at $2.1900 during the session, while it also had its lowest trading level at $1.8721.

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Ratios:

For a deeper understanding of Tattooed Chef Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cowen on October 24, 2022, Downgraded its rating to Market Perform and sets its target price to $4.50 from $10 previously.

On September 30, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $6.

ROTH Capital Downgraded its Buy to Neutral on August 09, 2022, whereas the target price for the stock was revised from $12 to $9.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.91.

Stock Price History:

Over the past 52 weeks, TTCF has reached a high of $18.05, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is 4.6768, while the 200-Day Moving Average is calculated to be 7.6663.

Shares Statistics:

For the past three months, TTCF has traded an average of 957.54K shares per day and 2.3M over the past ten days. A total of 82.28M shares are outstanding, with a floating share count of 45.86M. Insiders hold about 1.20% of the company’s shares, while institutions hold 16.20% stake in the company. Shares short for TTCF as of Oct 13, 2022 were 15.25M with a Short Ratio of 15.39M, compared to 12.98M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 18.49% and a Short% of Float of 31.39%.

Earnings Estimates

There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.23, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.13 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.76 and -$0.94 for the fiscal current year, implying an average EPS of -$0.87. EPS for the following year is -$0.47, with 3 analysts recommending between -$0.27 and -$0.64.

Revenue Estimates

A total of 4 analysts believe the company’s revenue will be $72.96M this quarter.It ranges from a high estimate of $75M to a low estimate of $70.61M. As of the current estimate, Tattooed Chef Inc.’s year-ago sales were $63.95M, an estimated increase of 14.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $78.1M, an increase of 49.20% over than the figure of $14.10% in the same quarter last year. There is a high estimate of $79.78M for the next quarter, whereas the lowest estimate is $76M.

A total of 4 analysts have provided revenue estimates for TTCF’s current fiscal year. The highest revenue estimate was $283.29M, while the lowest revenue estimate was $278.89M, resulting in an average revenue estimate of $281.2M. In the same quarter a year ago, actual revenue was $213.43M, up 31.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $335M in the next fiscal year. The high estimate is $345.06M and the low estimate is $323.93M. The average revenue growth estimate for next year is up 19.10% from the average revenue estimate for this year.