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Tuesday, January 31, 2023

What Are The Chances Of Smart for Life Inc. (NASDAQ: SMFL) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Smart for Life Inc. (SMFL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0081, or 3.59%, to $0.2336. The Smart for Life Inc. has recorded 61,619 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Smart for Life Announces Launch of Greens First Protein Bars.


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Stocks Info

As a NASDAQ listed company, SMFL falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $0.23 and fluctuated between $0.2482 as its day high and $0.2202 as its day low. The current market capitalization of Smart for Life Inc. is $7.22M. A total of 0.77 million shares were traded on the day, compared to an average of 103.26K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SMFL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 1 SELLs from insiders. Insiders purchased 1,162,505 shares during that period but sold 888.

In the most recent transaction, Trilogy Capital Group, LLC sold 1,161,000 shares of SMFL for 0.26 per share on Dec 16. After the transaction, the 10% Owner now owns 5,229,000 company shares. In a previous transaction on Dec 16, Cervantes Alfonso J. JR sold 1,161,000 shares at 0.26 per share. SMFL shares that Executive Chairman owns now total 5,229,000.

Among the insiders who sold shares, Altbach Ronald S. disposed of 888 shares on Jun 09 at a per-share price of $0.44. This resulted in the Director holding 249,112 shares of SMFL after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SMFL in the last 3 months, the mean price target is $8.00 with high estimates of $8.00 and low estimates of $8.00. In terms of 52-week highs and lows, SMFL has a high of $3.25 and a low of $0.19.

As of this writing, SMFL has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.02 per share and a lower estimate of $0.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMFL is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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