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THRN
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
548.47M

THRN Thorne Healthtech Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for THRN with price predictions
08:00 PM EDT Sep 21, 2023

THRN sees MACD Histogram just turned negative

THRN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 13, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 19 instances where the indicator turned negative. In of the 19 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 21 cases where THRN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where THRN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

THRN broke above its upper Bollinger Band on September 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on THRN as a result. In of 34 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where THRN advanced for three days, in of 114 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 51 cases where THRN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. THRN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (3.565) is normal, around the industry mean (10.078). P/E Ratio (26.042) is within average values for comparable stocks, (36.924). THRN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.497). Dividend Yield (0.000) settles around the average of (0.045) among similar stocks. P/S Ratio (2.094) is also within normal values, averaging (29.104).

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. THRN’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 78, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 7.76B. The market cap for tickers in the group ranges from 6.25K to 327.81B. NSRGY holds the highest valuation in this group at 327.81B. The lowest valued company is OGGFF at 6.25K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was 5%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was -1%. RAYT experienced the highest price growth at 1,050%, while VICFF experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was -44%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 64
Price Growth Rating: 60
SMR Rating: 69
Profit Risk Rating: 77
Seasonality Score: -16 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

THRN is expected to report earnings to fall 68.07% to 4 cents per share on November 08

Thorne Healthtech THRN Stock Earnings Reports
Q3'23
Est.
$0.05
Q2'23
Beat
by $0.09
Q1'23
Missed
by $0.01
Q4'22
Missed
by $0.03
Q3'22
Missed
by $0.01
The last earnings report on August 08 showed earnings per share of 15 cents, beating the estimate of 5 cents. With 220.20K shares outstanding, the current market capitalization sits at 548.47M.
A.I. Advisor
published General Information

General Information

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
N/A
Address
152 W. 57th Street
Phone
+1 929 251-6321
Employees
544
Web
https://www.thorne.com
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THRN and

Correlation & Price change

A.I.dvisor tells us that THRN and FLO have been poorly correlated (+21% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that THRN and FLO's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To THRN
1D Price
Change %
THRN100%
-0.10%
FLO - THRN
21%
Poorly correlated
-1.16%
POST - THRN
21%
Poorly correlated
-0.89%
NATR - THRN
21%
Poorly correlated
+1.56%
JJSF - THRN
21%
Poorly correlated
-0.08%
STKL - THRN
21%
Poorly correlated
-2.72%
More

Groups containing THRN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To THRN
1D Price
Change %
THRN100%
-0.10%
Food: Specialty/Candy
(undefined stocks)
2%
Poorly correlated
+2.89%