Stock Market Recap: BBB Foods Inc (TBBB) Concludes at 23.06, a -4.16 Surge/Decline

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After finishing at $24.06 in the prior trading day, BBB Foods Inc (NYSE: TBBB) closed at $23.06, down -4.16%. In other words, the price has decreased by -$4.16 from its previous closing price. On the day, 1.06 million shares were traded. TBBB stock price reached its highest trading level at $23.98 during the session, while it also had its lowest trading level at $22.757.

Ratios:

Our goal is to gain a better understanding of TBBB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 2.53 whereas as Long-Term Debt/Eq ratio is at 2.04.

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, UBS on April 09, 2024, Downgraded its rating to Neutral and sets its target price to $27 from $26 previously.

On March 12, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $33.

On March 06, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $30.JP Morgan initiated its Overweight rating on March 06, 2024, with a $30 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TBBB now has a Market Capitalization of 2587354880 and an Enterprise Value of 4147106048. Its current Enterprise Value per Revenue stands at 0.088 whereas that against EBITDA is 2.615.

Stock Price History:

Over the past 52 weeks, TBBB has reached a high of $28.84, while it has fallen to a 52-week low of $18.71. The 50-Day Moving Average of the stock is -2.28%, while the 200-Day Moving Average is calculated to be 1.60%.

Shares Statistics:

The stock has traded on average 980.46K shares per day over the past 3-months and 1300230 shares per day over the last 10 days, according to various share statistics. A total of 118.03M shares are outstanding, with a floating share count of 37.79M. Insiders hold about 67.98% of the company’s shares, while institutions hold 28.38% stake in the company. Shares short for TBBB as of 1715731200 were 1899754 with a Short Ratio of 1.94, compared to 1713139200 on 1602010. Therefore, it implies a Short% of Shares Outstanding of 1899754 and a Short% of Float of 5.94.

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