Whole Earth Brands Inc. (FREE) stock is nearly perfect except the valuation

The closing price of Whole Earth Brands Inc. (NASDAQ: FREE) was $3.85 for the day, up 4.90% from the previous closing price of $3.67. In other words, the price has increased by $+0.1800 from its previous closing price. On the day, 310055 shares were traded. FREE stock price reached its highest trading level at $3.9100 during the session, while it also had its lowest trading level at $3.4500.

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Ratios:

Our analysis of FREE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.31.

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 this company, Cowen on December 15, 2021, initiated with a Outperform rating and assigned the stock a target price of $16.

On July 14, 2021, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $20.

On February 22, 2021, Lake Street started tracking the stock assigning a Buy rating and target price of $19.Lake Street initiated its Buy rating on February 22, 2021, with a $19 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 19 when FOX TRISHA L sold 10,306 shares for $5.97 per share. The transaction valued at 61,527 led to the insider holds 0 shares of the business.

Valuation Measures:

As of this moment, Whole’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.42, and their Forward P/E ratio for the next fiscal year is 8.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.49.

Stock Price History:

Over the past 52 weeks, FREE has reached a high of $12.21, while it has fallen to a 52-week low of $3.00. The 50-Day Moving Average of the stock is 3.6496, while the 200-Day Moving Average is calculated to be 6.0354.

Shares Statistics:

FREE traded an average of 330.67K shares per day over the past three months and 541.29k shares per day over the past ten days. A total of 41.92M shares are outstanding, with a floating share count of 34.42M. Insiders hold about 17.30% of the company’s shares, while institutions hold 69.80% stake in the company. Shares short for FREE as of Oct 13, 2022 were 1.72M with a Short Ratio of 1.44M, compared to 1.68M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.10% and a Short% of Float of 4.27%.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.06, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.14, with high estimates of $0.18 and low estimates of $0.09.

Analysts are recommending an EPS of between $0.4 and $0.25 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.65, with 5 analysts recommending between $0.91 and $0.28.

Revenue Estimates

A total of 7 analysts have provided revenue estimates for FREE’s current fiscal year. The highest revenue estimate was $540.1M, while the lowest revenue estimate was $528.91M, resulting in an average revenue estimate of $535.57M. In the same quarter a year ago, actual revenue was $493.97M, up 8.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $561.85M in the next fiscal year. The high estimate is $579.8M and the low estimate is $537.94M. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.