RiceBran Technologies [RIBT] Stock Looks Poised to Climb Further

RiceBran Technologies [RIBT] shares are down more than -69.49% this year and recently increased 0.17% or $0.12 to settle at $0.72. Analysts expect RIBT to grow earnings at a 40.00% annual rate over the next 5 years. RIBT has a short ratio of 0.35. This implies that the market is currently less bullish on the outlook for RIBT.

On 5, November 2020, RiceBran Technologies Reports 3Q 2020 Financial Results and Provides Business Updates. According to news published on Yahoo Finance, RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value-added products derived from rice bran and a processor of rice, barley and oat products and co-products from these grains, announced financial results today for the quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for RiceBran Technologies [NASDAQ:RIBT] stock was on March 24, 2017, when it was Downgrade with a Hold rating from Maxim Group. Before that, on May 11, 2017, Lake Street Recapitulated a Buy rating and elevated its amount target to $2. On March 03, 2016, Maxim Group Reiterated a Buy rating and plunged its price target on this stock from $5 to $3. On November 13, 2015, Maxim Group Reiterated a Buy rating and decreased its price target from $7 to $5. On April 09, 2015, Maxim Group Initiated a Buy rating and increased its price target to $7.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.37 and a peak of $2.43. Right now, the middling Wall Street analyst 12-month amount mark is $1.00. At the most recent market close, shares of RiceBran Technologies [NASDAQ:RIBT] were valued at $0.72. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

RiceBran Technologies [NASDAQ:RIBT] most recently reported quarterly sales of 5.16 billion, which represented growth of -1.90%. This publicly-traded organization’s revenue is $195,975 per employee, while its income is -$113,512 per employee. This company’s Gross Margin is currently -12.00%, its Operating Margin is -52.30%, its Pretax Margin is -57.92, and its Net Margin is -57.92. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -38.58, -49.54, -47.03 and -46.93 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 14.07 and the whole liability to whole assets at 12.84. It shows enduring liability to the whole principal at 7.95 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.6033 points at 1st support level, the second support level is making up to 0.4867. But as of 1st resistance point, this stock is sitting at 0.7933 and at 0.8667 for 2nd resistance point.

RiceBran Technologies [RIBT] reported its earnings at -$0.07 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.07/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.1 calling estimates for -$0.06/share with the difference of -0.04 depicting the surprise of -66.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for RiceBran Technologies [NASDAQ:RIBT] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.45. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.01 and it’s amount to book ratio is 1.88.

Insider Stories

The most recent insider trade was by GOLDMAN DAVID, Director, and it was the sale of 1500.0 shares on Dec 20. Rosenthal Brent David, the Director, completed a purchase of 20000.0 shares on Dec 19. On Dec 19, Mitchell Todd T, CFO and EVP, completed a purchase of 20000.0 shares.