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NASDAQ:TBLT

ToughBuilt Industries - TBLT Stock Forecast, Price & News

$2.28
+0.06 (+2.70%)
(As of 10/5/2022 02:01 PM ET)
Add
Compare
Today's Range
$2.14
$2.40
50-Day Range
$2.03
$8.64
52-Week Range
$1.34
$92.83
Volume
12,522 shs
Average Volume
1.45 million shs
Market Capitalization
$28.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$225.00

ToughBuilt Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9,556.7% Upside
$225.00 Price Target
Short Interest
Bearish
5.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($6.75) to ($0.93) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Construction Sector

84th out of 106 stocks

Cutlery, Handtools, & General Hardware Industry

8th out of 8 stocks

TBLT stock logo

About ToughBuilt Industries (NASDAQ:TBLT) Stock

ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes a line of home improvement, DIY, and professional construction products for the building industry globally. The company was originally incorporated in 2012 as Phalanx, Inc and then later changed its name to ToughBuilt Industries, Inc. The company IPO’d in 2019 and sustained high triple-digit sales growth for the first few years of its public life. The company is headquartered in Lake Forest, California.

ToughBuilt Industries is led by co-founder Michael Panosian. Mr. Panosian has been CEO and president since the company’s founding and is instrumental in its success. Among his attributes is extensive experience in the tool industry as well as doing business in China. A pillar of the company’s strategy is a steady expansion of product lines and SKUs compounded y steady expansion and deepening penetration of domestic and foreign markets.

ToughBuilt Industries products are among the highest quality and offer the latest innovations and features demanded by the most discerning professionals. Their motto is “if it’s not better, we don’t want to make it” and it shows in the end results. The company prides itself on listening to what professionals have to say and then incorporating that into its designs. The designs are simple, with no frills, and meant for work which gives them a tough yet eye-catching aesthetic. One look at these tools is all you need to know they’re ones you want to use.

Among the company’s many innovations is a magazine-fed auto-loading retractable knife. The tool is the first of its kind and will untold manhours on job sites where utility knives are an important part of the work.

The tools are meant to last, too, as they did in the “old days” before the age of consumerism and disposable-quality products, and not at sky-high prices either. The company also prides itself on offering value by giving you what you need in a tool and nothing more, and ToughBuilt backs up its quality assurance with a limited lifetime warranty as well.

The company’s line includes tool pouches, tool rigs, tool belts and accessories, totes, toolboxes, and other storage solutions as well as safety gear, office organizers, and bags for laptop/tablets and cellphones. The company also markets a line of tools and equipment that includes sawhorses, miter saws, table saws, roller stands, and workbenches; Jobsite tables, and digital measuring devices and levels. ToughBuilt products are available at local hardware and big box retailers, home improvement stores, professional outlets, and DTC marketing to construction companies and wholesale outlets.

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TBLT Stock News Headlines

ToughBuilt Industries Launches Full Line of Hand Saws
ToughBuilt Industries, Inc. (TBLT)
ToughBuilt Industries, Inc. Misses Q2 EPS by $1.95
ToughBuilt Industries Stock Is Surging: Here's Why
ToughBuilt Leaps on Results
ToughBuilt Industries Surges 108%
See More Headlines
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TBLT Company Calendar

Last Earnings
8/19/2022
Today
10/05/2022
Next Earnings (Estimated)
11/28/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Cutlery, handtools, & general hardware
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:TBLT
Fax
N/A
Employees
52
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$225.00
High Stock Price Forecast
$225.00
Low Stock Price Forecast
$225.00
Forecasted Upside/Downside
+9,768.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-37,530,000.00
Pretax Margin
-62.73%

Debt

Sales & Book Value

Annual Sales
$70.03 million
Book Value
$66.83 per share

Miscellaneous

Free Float
12,322,000
Market Cap
$28.11 million
Optionable
Not Optionable
Beta
3.04

Key Executives

  • Mr. Michael Panosian (Age 59)
    Co-Founder, Chairman, Pres & CEO
    Comp: $464.62k
  • Mr. Joshua Keeler (Age 43)
    Co-Founder, Chief Design Officer & Director
    Comp: $470.07k
  • Mr. Martin Galstyan (Age 35)
    CFO & Principal Financial and Accounting Officer
    Comp: $230k
  • Mr. Zareh Khachatoorian (Age 63)
    COO & Sec.
    Comp: $230k
  • Ms. Jolie G. Kahn CPA (Age 57)
    Esq., Gen. Counsel













TBLT Stock - Frequently Asked Questions

Should I buy or sell ToughBuilt Industries stock right now?

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

What is ToughBuilt Industries' stock price forecast for 2022?

1 analysts have issued 1 year target prices for ToughBuilt Industries' shares. Their TBLT share price forecasts range from $225.00 to $225.00. On average, they anticipate the company's share price to reach $225.00 in the next twelve months. This suggests a possible upside of 9,556.7% from the stock's current price.
View analysts price targets for TBLT
or view top-rated stocks among Wall Street analysts.

How have TBLT shares performed in 2022?

ToughBuilt Industries' stock was trading at $54.75 at the beginning of 2022. Since then, TBLT stock has decreased by 95.7% and is now trading at $2.33.
View the best growth stocks for 2022 here
.

When is ToughBuilt Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 28th 2022.
View our TBLT earnings forecast
.

How were ToughBuilt Industries' earnings last quarter?

ToughBuilt Industries, Inc. (NASDAQ:TBLT) issued its earnings results on Friday, August, 19th. The company reported ($9.45) earnings per share (EPS) for the quarter. The firm had revenue of $17.89 million for the quarter. ToughBuilt Industries had a negative trailing twelve-month return on equity of 93.16% and a negative net margin of 62.73%.

When did ToughBuilt Industries' stock split?

ToughBuilt Industries's stock reverse split before market open on Monday, April 25th 2022. The 1-150 reverse split was announced on Monday, April 25th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 25th 2022. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

What other stocks do shareholders of ToughBuilt Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ToughBuilt Industries investors own include Onconova Therapeutics (ONTX), Coty (COTY), T2 Biosystems (TTOO), Biocept (BIOC), Boxlight (BOXL), Remark (MARK), Sorrento Therapeutics (SRNE), Cloudera (CLDR), Ford Motor (F) and iBio (IBIO).

What is ToughBuilt Industries' stock symbol?

ToughBuilt Industries trades on the NASDAQ under the ticker symbol "TBLT."

How do I buy shares of ToughBuilt Industries?

Shares of TBLT 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.

What is ToughBuilt Industries' stock price today?

One share of TBLT stock can currently be purchased for approximately $2.33.

How much money does ToughBuilt Industries make?

ToughBuilt Industries (NASDAQ:TBLT) has a market capitalization of $28.73 million and generates $70.03 million in revenue each year. The company earns $-37,530,000.00 in net income (profit) each year or ($51.8480) on an earnings per share basis.

How can I contact ToughBuilt Industries?

ToughBuilt Industries' mailing address is 25371 Commercentre Drive Suite 200, Lake Forest CA, 92630. The official website for the company is www.toughbuilt.com. The company can be reached via phone at 949-528-3100 or via email at tblt@crescendo-ir.com.

This page (NASDAQ:TBLT) was last updated on 10/5/2022 by MarketBeat.com Staff

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