Trading Day Review: BBB Foods Inc (TBBB) Loses Momentum, Closing at 29.57

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The price of BBB Foods Inc (NYSE: TBBB) closed at $29.57 in the last session, down -1.17% from day before closing price of $29.92. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.97 million shares were traded. TBBB stock price reached its highest trading level at $29.815 during the session, while it also had its lowest trading level at $28.865.

Ratios:

We take a closer look at TBBB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 2.29 whereas as Long-Term Debt/Eq ratio is at 1.85.

On April 09, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $26 to $27.

On March 12, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $33.Scotiabank initiated its Sector Outperform rating on March 12, 2024, with a $33 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 3357052416 and an Enterprise Value of 7447124480. Its current Enterprise Value per Revenue stands at 0.149 whereas that against EBITDA is 4.189.

Stock Price History:

Over the past 52 weeks, TBBB has reached a high of $33.16, while it has fallen to a 52-week low of $18.71. The 50-Day Moving Average of the stock is 10.73%, while the 200-Day Moving Average is calculated to be 22.69%.

Shares Statistics:

According to the various share statistics, TBBB traded on average about 699.16K shares per day over the past 3-months and 689320 shares per day over the past 10 days. A total of 112.20M shares are outstanding, with a floating share count of 38.71M. Insiders hold about 65.50% of the company’s shares, while institutions hold 42.50% stake in the company. Shares short for TBBB as of 1723680000 were 2926813 with a Short Ratio of 4.19, compared to 1721001600 on 2664485. Therefore, it implies a Short% of Shares Outstanding of 2926813 and a Short% of Float of 9.15.

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