Do Analysts Expect Toughbuilt Industries Inc (TBLT) Stock to Rise After It Has Fallen -58.91% in a Month?

Thursday, April 28, 2022 03:29 PM | InvestorsObserver Analysts

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Wall Street is positive on Toughbuilt Industries Inc (TBLT). On average, analysts give Toughbuilt Industries Inc a Strong Buy rating. The average price target is $223.88, which means analysts expect the stock to rise by 1872.51% over the next twelve months. That average ranking earns Toughbuilt Industries Inc an Analyst Rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating TBLT a Strong Buy today. Find out what this means to you and get the rest of the rankings on TBLT!
See Full TBLT Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Toughbuilt Industries Inc Stock Today?

Toughbuilt Industries Inc (TBLT) stock has fallen -6.2% while the S&P 500 has gained 2.79% as of 3:28 PM on Thursday, Apr 28. TBLT is down -$0.75 from the previous closing price of $12.10 on volume of 330,201 shares. Over the past year the S&P 500 has gained 2.81% while TBLT is down -90.36%. TBLT lost -$56.05 per share the over the last 12 months. Click Here to get the full Stock Report for Toughbuilt Industries Inc stock.

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