Eastside Distilling (EAST) Stock Forecast, Price & News

Eastside Distilling's stock was trading at $4.5780 at the start of the year. Since then, EAST stock has decreased by 18.1% and is now trading at $3.75.
View the best growth stocks for 2023 here.

Eastside Distilling saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,700 shares, an increase of 27.8% from the April 30th total of 11,500 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 2.0% of the company's shares are sold short.
View Eastside Distilling's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our EAST earnings forecast.

Eastside Distilling, Inc. (NASDAQ:EAST) announced its quarterly earnings data on Friday, March, 31st. The company reported ($12.40) earnings per share (EPS) for the quarter. The business earned $2.31 million during the quarter, compared to analyst estimates of $3.66 million. Eastside Distilling had a negative net margin of 117.89% and a negative trailing twelve-month return on equity of 395.21%.

Eastside Distilling shares reverse split before market open on Monday, May 15th 2023. The 1-20 reverse split was announced on Monday, May 15th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, May 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastside Distilling investors own include International Paper (IP), KeyCorp (KEY), ONEOK (OKE), AT&T (T), Adaptimmune Therapeutics (ADAP), Allena Pharmaceuticals (ALNA), Apple Hospitality REIT (APLE), Alliance Resource Partners (ARLP) and Becton, Dickinson and (BDX).

Eastside Distilling trades on the NASDAQ under the ticker symbol "EAST."

Shares of EAST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of EAST stock can currently be purchased for approximately $3.75.

Eastside Distilling (NASDAQ:EAST) has a market capitalization of $3.11 million and generates $14.33 million in revenue each year. The company earns $-16,270,000.00 in net income (profit) each year or ($18.50) on an earnings per share basis.

Eastside Distilling's mailing address is 1001 SE WATER AVENUE SUITE 390, PORTLAND OR, 97214. The official website for the company is www.eastsidedistilling.com. The company can be reached via phone at (971) 888-4264.