Turning Point Brands (TPB) experienced a significant increase in daily volume on April 15, 2023, resulting in a record-breaking daily growth of 206% compared to the 65-Day Volume Moving Average. TPB's total volume rose to 631K, while the price saw an insignificant increase of +1.85%, closing at $22.56.
The surge in volume could indicate a change in trend, and investors may consider it a buy signal. A.I.dvisor, an artificial intelligence platform, found 12 similar cases, with 10 of them resulting in successful outcomes. Based on this data, the odds of success are +83%.
However, investors should be cautious and not rely solely on past trends. It is essential to conduct a thorough analysis of the company's financials, including its earnings results, to make informed decisions.
Turning Point Brands recently reported its Q1 2023 earnings, beating market expectations. The company's revenue rose by 15.7%, from $98.6 million in Q1 2022 to $113.9 million in Q1 2023. The growth was driven by strong performance across all its segments, including Smoking products, NewGen products, and NewGen distribution.
TPB's gross profit increased by 18.2%, from $38.9 million in Q1 2022 to $46.0 million in Q1 2023, while its gross margin rose by 1.2 percentage points to 40.4%. The company's net income also saw a significant increase of 56.5%, from $5.5 million in Q1 2022 to $8.6 million in Q1 2023.
In addition, TPB's operating cash flow increased by 36.5%, from $9.9 million in Q1 2022 to $13.5 million in Q1 2023, indicating a healthy financial position. The company also has a solid balance sheet, with a debt-to-equity ratio of 0.52, indicating a moderate level of debt.
Overall, TPB's earnings results demonstrate strong growth potential, making it an attractive investment opportunity. The surge in volume could be a sign of increasing investor interest in the stock, and if the trend continues, the odds of a continued upward trend are 75%.
Turning Point Brands' significant increase in daily volume, resulting in a record-breaking growth of 206%, indicates a potential change in trend and may be a buy signal for investors. However, investors should conduct thorough research and analysis before making any investment decisions.
TPB's Q1 2023 earnings results demonstrate strong growth potential, with revenue and net income increasing significantly. The company also has a healthy financial position, making it an attractive investment opportunity. If the current trend continues, the odds of a continued upward trend are 75%.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where TPB advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on TPB as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TPB just turned positive on April 26, 2024. Looking at past instances where TPB's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for TPB moved out of overbought territory on April 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TPB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for TPB entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TPB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.377) is normal, around the industry mean (3.287). P/E Ratio (14.348) is within average values for comparable stocks, (12.568). TPB's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (16.229). TPB has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.064). P/S Ratio (1.456) is also within normal values, averaging (33.967).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TPB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of tobacco products
Industry Tobacco