Investors are poised to add BranchOut Food Inc (BOF) Stock to their long term portfolios

At the time of writing, BranchOut Food Inc [BOF] stock is trading at $2.35, up 8.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BOF shares have gain 9.30% over the last week, with a monthly amount glided 258.83%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

For the past year, the stock price of BranchOut Food Inc fluctuated between $0.61 and $4.11. BranchOut Food Inc [NASDAQ: BOF] shares were valued at $2.35 at the most recent close of the market.

Analyzing the BOF fundamentals

According to BranchOut Food Inc [NASDAQ:BOF], the company’s sales were 5.22M for trailing twelve months, which represents an 297.30% jump. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.65%, Pretax Profit Margin comes in at -0.8%, and Net Profit Margin reading is -0.8%. To continue investigating profitability, this company’s Return on Assets is posted at -0.63, Equity is -1.76 and Total Capital is -0.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.

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 2.11 points at the first support level, and at 1.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.60, and for the 2nd resistance point, it is at 2.85.

Ratios To Look Out For

It is important to note that BranchOut Food Inc [NASDAQ:BOF] has a current ratio of 2.02. In addition, the Quick Ratio stands at 1.80 and the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 3.12, the price to book ratio is 7.12.

Transactions by insiders

Recent insider trading involved Jones Byron Riche, Director, that happened on Aug 26 ’24 when 2955.0 shares were purchased. Director, Jones Byron Riche completed a deal on Jul 22 ’24 to buy 41755.0 shares.

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