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Wednesday, February 1, 2023

Analysts Point To Eastside Distilling Inc. (NASDAQ: EAST) Growth In The Future

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 Eastside Distilling Inc. (EAST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0131, or 4.76%, to $0.2882. The Eastside Distilling Inc. has recorded 2,305 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Eastside Distilling Reports Third Quarter 2022 Financial Results.


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Stocks Info

As a NASDAQ listed company, EAST falls under the Consumer Defensive sector while operating within the Beverages – Wineries & Distilleries industry segment. At the end of the last regular session, the stock closed at $0.28 and fluctuated between $0.3001 as its day high and $0.2744 as its day low. The current market capitalization of Eastside Distilling Inc. is $4.30M. A total of 85202.0 shares were traded on the day, compared to an average of 51.08K 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, EAST 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 17 BUYs and 5 SELLs from insiders. Insiders purchased 585,423 shares during that period but sold 117,130.

In the most recent transaction, FINNSSON ERIC J. sold 35,000 shares of EAST for 0.65 per share on Aug 22. After the transaction, the Director now owns 62,013 company shares. In a previous transaction on Aug 19, FINNSSON ERIC J. sold 35,100 shares at 0.55 per share. EAST shares that Director owns now total 97,013.

Among the insiders who sold shares, LEVY-NAVARRO ELIZABETH ANN disposed of 20,000 shares on Aug 19 at a per-share price of $0.63. This resulted in the Director holding 58,421 shares of EAST after the transaction. In another insider transaction, LEVY-NAVARRO ELIZABETH ANN sold 27,030 shares at $0.73 per share on Jun 08. Company shares held by the Director now total 29,870.

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 EAST in the last 3 months, the mean price target is $1.75 with high estimates of $1.75 and low estimates of $1.75. In terms of 52-week highs and lows, EAST has a high of $1.74 and a low of $0.20.

As of this writing, EAST has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.14 in the last quarter, which was 22.20% higher than expectations of -$0.18.

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 EAST is Buy with a score of 5.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 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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