For the readers interested in the stock health of cbdMD Inc. (YCBD). It is currently valued at $4.87. When the transactions were called off in the previous session, Stock hit the highs of $6.50, after setting-off with the price of $6.42. Company’s stock value dipped to $4.82 during the trading on the day. When the trading was stopped its value was $6.29.
Recently in News on February 11, 2021, Adara Acquisition Corp. Announces Closing of $115 Million Initial Public Offering. Adara Acquisition Corp. (the “Company”), a newly incorporated blank check company, today announced that it closed its initial public offering of 11,500,000 units, including 1,500,000 sold pursuant to the full exercise of the underwriters’ over-allotment option, at $10.00 per unit. Total gross proceeds from the offering were $115,000,000, before deducting underwriting discounts and commissions and other offering expenses. The Company’s units are listed on the NYSE American stock exchange (“NYSE American”) and began trading under the ticker symbol “ADRA.U” on February 9, 2021. You can read further details here
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cbdMD Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.83 on 02/10/21, with the lowest value was $2.50 for the same time period, recorded on 01/04/21.
cbdMD Inc. (YCBD) full year performance was 319.83%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, cbdMD Inc. shares are logging -28.70% during the 52-week period from high price, and 870.12% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.50 and $6.83.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 3726550 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the cbdMD Inc. (YCBD) recorded performance in the market was 65.08%, having the revenues showcasing 81.04% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 267.66M, as it employees total of 165 workers.
Specialists analysis on cbdMD Inc. (YCBD)
During the last month, 1 analysts gave the cbdMD Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.88, with a change in the price was noted +2.58. In a similar fashion, cbdMD Inc. posted a movement of +112.66% for the period of last 100 days, recording 1,023,444 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for YCBD is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.
Trends and Technical analysis: cbdMD Inc. (YCBD)
Raw Stochastic average of cbdMD Inc. in the period of last 50 days is set at 54.73%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 42.69%. In the last 20 days, the company’s Stochastic %K was 73.29% and its Stochastic %D was recorded 85.32%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 65.08%. Additionally, trading for the stock in the period of the last six months notably improved by 44.94%, alongside a boost of 319.83% for the period of the last 12 months. The shares increased approximately by -5.07% in the 7-day charts and went down by 43.24% in the period of the last 30 days. Common stock shares were driven by 81.04% during last recorded quarter.