RiceBran Technologies (RIBT) Stock Forecast: Should Investors Consider After 7.86% Decline?

If you’re on the hunt for stocks to watch today, RiceBran Technologies (NASDAQ:RIBT) is a stock to give close attention to. The company shares are trading 7.86% or 0.22 points down from last closing price of $2.8, reaching $2.58 at last check. The RIBT share price has dropped in 2 of the last 5 days and is up 0.73% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -3,561 shares, and in total 106139 shares valued at $273839 were seen changing hands compared with 109700 shares valued at $307160 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the RIBT stock is near its bottom.

RiceBran Technologies (RIBT) shares have notched a 3-month gain of about 0.73%, but has still tumbled -8.33% year to date. By comparison, the stock added 1.48% over the past 12 months, while it slipped -6.78% over the 1 month. The company’s market cap is around $92.98M, with its short interest ratio standing at 3.9%.

In the current trading session for RIBT, the stock witnessed two major price actions, it rose to a high of $2.635 and was down as much as $2.56 at one point. The high recorded is very low when compared to their 52-week high which is $2.45. The 52-week high is now at -33.33 distance from current price. Their recent low of $3.87 represents a 5.18% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for RIBT is $5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of RiceBran Technologies earned $-0.37 per share in the trailing 12 months and has a P/E ratio of -6.97. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 20.55 and lower compared to the sector’s average of 28.52. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. RIBT also has P/S multiple of 4.96. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.83x.

The company recorded an interesting insider purchase transaction by the Director on Jun 10, 2019. A Securities and Exchanges Commission filings show that Ari David Gendason bought a total of 700 RIBT shares that day for a sum of around $2,009. The filings show that the insider stake has now grown to 111,494 shares, currently worth $287,655. RiceBran Technologies (RIBT) insiders have acquired 156,005 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded 156,005 shares in the business, which makes up 7.775% of 2,006,471 shares that were traded over a year. In the past 12 months, insiders have purchased 2,006,471 shares while the seller parted with shares.

RIBT‘s last price was down -15.88% as compared to the average trading price of 50 days recorded at $3.07 while enlarging the period to 200 trading days, the average closing price was $2.87. At present, there are 33.81 million in the total number of common shares owned by the public and among those 31.69 million shares have been available to trade. The percentage of shares being held by the company management was 22.7% while institutions stake was 36%. The company has generated negative returns on equity over the last 12 months (-39.7%). It managed to keep its gross profit margin at 13.5% over the past 12 months.

When assessing the full upside of the RIBT stock, there is another set of technicals that should be looked into and considered. Its -4.52% decline from moving average of $2.7 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.34 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of RiceBran Technologies — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $5 on shares of RiceBran Technologies (NASDAQ:RIBT), which corresponds to 93.80% upside potential than its current market price of $2.58 and implies potential despite the recent drop in the price. However, their current target price has fallen from $5 a month ago and is down handily from the consensus target of $5 a quarter ago.

In the last five years, the EPS of the company has been roughly 51%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 40%. The revenue of the company has retreated at an average annualized rate of about -15.9 over the last five years. The company recently recorded an increase of 77.8%, but this figure is rather attractive.

Let’s briefly check the hedge fund interest towards RIBT stock. Vanguard Group Inc. added position in the company after it grew 2.9% or 943,172 shares of its common stock. The hedge fund now owns 970,524 shares worth $2,503,952, SEC documents show. BlackRock Inc. shored up assets in the stock as 53236.59 shares have been purchased, increasing its stake by 136.7% to 126,011 shares which are currently valued at $325,108. In addition, Renaissance Technologies LLC recently reported that it now owns 610,083 shares making a total of $1,574,014 based on the recent price. This refelects a change of -5.7% in their ownership.