Eastside Distilling (EAST) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastside Distilling in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EAST shares.
View EAST analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1 year price objectives for Eastside Distilling's stock. Their EAST share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 275.9% from the stock's current price.
View analysts price targets for EAST or view top-rated stocks among Wall Street analysts.

Eastside Distilling's stock was trading at $4.5780 at the beginning of 2023. Since then, EAST stock has decreased by 70.9% and is now trading at $1.33.
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Eastside Distilling saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 86,700 shares, an increase of 154.3% from the August 31st total of 34,100 shares. Based on an average trading volume of 128,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 8.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our EAST earnings forecast.

Eastside Distilling, Inc. (NASDAQ:EAST) released its quarterly earnings results on Monday, August, 14th. The company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.25) by $0.71. The business earned $2.66 million during the quarter, compared to the consensus estimate of $6.26 million. Eastside Distilling had a negative trailing twelve-month return on equity of 16,003.09% and a negative net margin of 141.80%.

Eastside Distilling shares reverse split on the morning of 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 Company (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.
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One share of EAST stock can currently be purchased for approximately $1.33.

Eastside Distilling (NASDAQ:EAST) has a market capitalization of $1.48 million and generates $14.33 million in revenue each year. The company earns $-16,270,000.00 in net income (profit) each year or ($18.06) 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.