(VIANEWS) – The NASDAQ ended the session with Freshpet (FRPT) jumping 14.83% to $45.06 on Thursday while NASDAQ slid 1.37% to $11,066.81.
Why is Freshpet Stock Going Up?
Freshpet is a great company with an incredible growth potential. Its recent acquisition by Jana Partners could mean that it is in line for an acquisition. However, the company has not publicly commented on this speculation. In any case, investors should focus on the company’s long-term fundamentals. Once concrete details are released, they can assess whether or not Freshpet is worth investing in.
Freshpet reported that its net sales for the year ended December 31, 2021, increased 33.5% from the year earlier. Revenues for that year rose to US$425.5 million from $318.8 million in 2020. Freshpet cut its capital expenditures by about $80 million this year in order to drive efficiencies. However, the company’s gross margin declined due to increases in wage costs at its manufacturing plants and the ingredient costs. Nevertheless, the company’s management expects to reach its targets.
You can purchase Freshpet stock on eToro.com now or later and follow its progress online. You can also fund your brokerage account and confirm your payment details. Once you have established an account, you can start researching Freshpet stock and see if it’s a good investment.
While Freshpet’s revenue rose over the last quarter, it missed analyst estimates and continues to be under pressure. As a result, the company’s stock price is dropping. However, the company has been experiencing high-growth for the past several years. The company also offers a number of different products and brands.
Freshpet, Inc. produces and sells natural, fresh food and treats for cats and dogs in America, Canada, Europe, and Asia. It sells products under its Freshpet and Dognation brands. The brand is also available online. Freshpet, Inc., was established in Secaucus, New Jersey in 2004.
Today’s last reported volume for Freshpet is 2849200, 181.72% above its average volume of 1011340.
Freshpet’s last close was $39.24, 75.42% below its 52-week high of $159.66.
The company’s growth estimates for the present quarter and the next is 17.6% and 80%, respectively.
Year-on-year quarterly revenue growth grew by 41.5%, now sitting on 464.25M for the twelve trailing months.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Freshpet’s stock is considered to be overbought (>=80).
Freshpet’s Stock Yearly Top and Bottom Value
Freshpet’s stock is valued at $45.06 at 18:16 EST, way below its 52-week high of $159.66 and way higher than its 52-week low of $36.02.
Freshpet’s Moving Average
Freshpet’s worth is below its 50-day moving average of $47.08 and way below its 200-day moving average of $76.78.
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