Wall Street is positive on Toughbuilt Industries Inc (TBLT). On average, analysts give the stock a Strong Buy rating. The average price target is $2, which means analysts expect the stock to gain by 150.00% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
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.
Investors Observer 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 is trading at $0.80 as of 11:42 AM on Friday, Aug 14, a gain of $0.11, or 15.94% from the previous closing price of $0.69. The stock has traded between $0.78 and $0.94 so far today. Volume today is elevated. So far 23,597,860 shares have traded compared to average volume of 1,894,694 shares.