An investigation into Whole Earth Brands Inc. (NASDAQ:FREE)’s technical aspects

After finishing at $2.94 in the prior trading day, Whole Earth Brands Inc. (NASDAQ: FREE) closed at $2.88, down -2.04%. In other words, the price has decreased by -$0.0600 from its previous closing price. On the day, 784938 shares were traded. FREE stock price reached its highest trading level at $3.0900 during the session, while it also had its lowest trading level at $2.8600.

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Our goal is to gain a better understanding of FREE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.38.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 99.31, and their Forward P/E ratio for the next fiscal year is 9.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.38.

Stock Price History:

Over the past 52 weeks, FREE has reached a high of $8.28, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is 3.6415, while the 200-Day Moving Average is calculated to be 4.5733.

Shares Statistics:

The stock has traded on average 367.43K shares per day over the past 3-months and 879.12k shares per day over the last 10 days, according to various share statistics. A total of 41.98M shares are outstanding, with a floating share count of 34.41M. Insiders hold about 18.05% of the company’s shares, while institutions hold 69.50% stake in the company. Shares short for FREE as of Jan 30, 2023 were 1.96M with a Short Ratio of 2.20M, compared to 2.16M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.67% and a Short% of Float of 4.87%.

Earnings Estimates

Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.02, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.02, with high estimates of $0.05 and low estimates of -$0.03.

Analysts are recommending an EPS of between $0.05 and $0.01 for the fiscal current year, implying an average EPS of $0.04. EPS for the following year is $0.3, with 4 analysts recommending between $0.45 and -$0.03.

Revenue Estimates

6 analysts predict $138.89M in revenue for the current quarter. It ranges from a high estimate of $142.77M to a low estimate of $135.87M. As of the current estimate, Whole Earth Brands Inc.’s year-ago sales were $132.71M, an estimated increase of 4.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $136.75M, an increase of 4.70% over than the figure of $4.70% in the same quarter last year. There is a high estimate of $138.68M for the next quarter, whereas the lowest estimate is $134.92M.

A total of 6 analysts have provided revenue estimates for FREE’s current fiscal year. The highest revenue estimate was $542.15M, while the lowest revenue estimate was $535M, resulting in an average revenue estimate of $538.19M. In the same quarter a year ago, actual revenue was $493.97M, up 9.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $564.8M in the next fiscal year. The high estimate is $572.5M and the low estimate is $555.03M. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.