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ToughBuilt Industries Stock Price, News & Analysis (NASDAQ:TBLT)

$0.17
0.00 (0.00%)
(As of 11/30/2023 ET)
Compare
Today's Range
$0.17
$0.18
50-Day Range
$0.16
$0.24
52-Week Range
$0.14
$2.47
Volume
208,074 shs
Average Volume
689,696 shs
Market Capitalization
$6.20 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.00

ToughBuilt Industries MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
1,090.5% Upside
$2.00 Price Target
Short Interest
Healthy
1.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.43mentions of ToughBuilt Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.00) to ($1.33) Per Share

Overall MarketRank

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

1.84 out of 5 stars


TBLT stock logo

About ToughBuilt Industries Stock (NASDAQ:TBLT)

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.

TBLT Stock Price History

TBLT Stock News Headlines

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
ToughBuilt Industries Announces Third Quarter 2023 Results
ToughBuilt Industries Earnings Preview
ToughBuilt Industries Inc TBLT
Q2 2023 Toughbuilt Industries Inc Earnings Call
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Q1 2023 Toughbuilt Industries Inc Earnings Call
TBLT ToughBuilt Industries, Inc.
ToughBuilt Industries Launches All-New Screwdrivers
See More Headlines
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Company Calendar

Last Earnings
8/22/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/20/2024

Industry, Sector and Symbol

Industry
Cutlery, handtools, & general hardware
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:TBLT
Fax
N/A
Employees
259
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.00
High Stock Price Target
$2.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+1,029.9%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$-39,290,000.00
Pretax Margin
-57.48%

Debt

Sales & Book Value

Annual Sales
$94.90 million
Book Value
$0.22 per share

Miscellaneous

Free Float
36,162,000
Market Cap
$6.53 million
Optionable
Not Optionable
Beta
2.49
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Key Executives















TBLT Stock Analysis - Frequently Asked Questions

What is ToughBuilt Industries' stock price target for 2024?

0 equities research analysts have issued 1-year price objectives for ToughBuilt Industries' shares. Their TBLT share price targets range from $2.00 to $2.00. On average, they predict the company's stock price to reach $2.00 in the next twelve months. This suggests a possible upside of 1,090.5% 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 2023?

ToughBuilt Industries' stock was trading at $2.34 at the beginning of 2023. Since then, TBLT stock has decreased by 92.8% and is now trading at $0.1680.
View the best growth stocks for 2023 here
.

Are investors shorting ToughBuilt Industries?

ToughBuilt Industries saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 440,200 shares, a drop of 24.1% from the October 31st total of 579,600 shares. Based on an average daily trading volume, of 479,200 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.2% of the company's stock are short sold.
View ToughBuilt Industries' Short Interest
.

When is ToughBuilt Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
View our TBLT earnings forecast
.

How were ToughBuilt Industries' earnings last quarter?

ToughBuilt Industries, Inc. (NASDAQ:TBLT) released its quarterly earnings data on Tuesday, August, 22nd. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.57) by $0.21. The business earned $18.88 million during the quarter, compared to the consensus estimate of $28.90 million. ToughBuilt Industries had a negative net margin of 49.68% and a negative trailing twelve-month return on equity of 199.83%. During the same quarter in the previous year, the firm posted ($9.45) earnings per share.

When did ToughBuilt Industries' stock split?

Shares of ToughBuilt Industries 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).

Who are ToughBuilt Industries' major shareholders?

ToughBuilt Industries' stock is owned by many different retail and institutional investors. Top institutional investors include Sabby Management LLC (4.30%).
View institutional ownership trends
.

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.

This page (NASDAQ:TBLT) was last updated on 11/30/2023 by MarketBeat.com Staff

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