A share price of Better Choice Company Inc [BTTR] is currently trading at $7.74, up 81.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BTTR shares have gain 29.00% over the last week, with a monthly amount glided 20.49%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Better Choice Company Initiates Legal Action Against Alphia, a Portfolio Company of Private Equity Firm PAI. In a post published today on Yahoo Finance, Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners (https://www.paipartners.com). Pursuant to the terms of a written agreement between Alphia and the Company, Alphia is obligated to acquire the assets of Halo, Purely for Pets, Inc., a wholly owned subsidiary of Better Choice. Better Choice seeks to compel the closing of the asset sale and, in the alternative, monetary damages in excess of $19 million caused by Alphia for its misconduct in connection with the ROFR. “After several unsuccessful attempts to communicate with both Winston Song of PAI Partners and David McLain, the CEO of Alphia, and given the significant burden imposed upon Better Choice by Alphia’s refusal to close the transaction, Better Choice had no viable option other than to pursue legal action to enforce the terms of the ROFR, as well as all of its rights,” stated Better Choice Chairman, Michael Young. The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.
From an analyst’s perspective:
Better Choice Company Inc experienced fluctuations in its stock price throughout the past year between $4.15 and $25.52. Better Choice Company Inc [AMEX: BTTR] shares were valued at $7.74 at the most recent close of the market.
Analyzing the BTTR fundamentals
Trailing Twelve Months sales for Better Choice Company Inc [AMEX:BTTR] were 42.16M which represents 10.55% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.77%, and Net Profit Margin reading is -0.77%. To continue investigating profitability, this company’s Return on Assets is posted at -1.04, Equity is -1.81 and Total Capital is -0.78. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.65 points at the first support level, and at 1.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.62, and for the 2nd resistance point, it is at 13.50.
Better Choice Company Inc [BTTR] reported earnings per share of -$4.4 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.2/share, meaning a difference of -$2.2 and a surprise factor of -100.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$4.84 per share as compared to estimates of -$1.32 per share, a difference of -$3.52 representing a surprise of -266.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Better Choice Company Inc [AMEX:BTTR] is 1.59. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 0.37.
Transactions by insiders
Recent insider trading involved Young Michael, Director, that happened on Sep 07 ’23 when 20000.0 shares were purchased. Director, Young Michael completed a deal on Sep 07 ’23 to buy 20000.0 shares.
