Last Updated: 16 Sep 2024
Executive Summary
BranchOut Food Inc. (BOF) is a plant-based food company that has been experiencing strong revenue growth but is currently unprofitable. The company's latest stock price of $2.15 is below its 52-week high of $4.11 and above its 52-week low of $0.609.
Company Overview
BOF develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company is headquartered in Bend, Oregon.
Fundamental Analysis
Revenue: BOF's revenue has been growing rapidly, with a 2.973% increase in the latest quarter year-over-year.
Profitability: BOF is currently unprofitable, with a negative EBITDA of $3,768,364 and a negative profit margin of -0.799.
Balance Sheet: BOF has a book value of $0.33 per share and a market capitalization of $14,887,900.
Technical Analysis
Moving Averages: BOF's 50-day moving average is $1.158 and its 200-day moving average is $1.514. The stock is currently trading above both of its moving averages.
Relative Strength Index (RSI): BOF's RSI is currently at 52.53, indicating that the stock is in a neutral zone.
Short Term Outlook
In the short term, BOF's stock price is likely to be volatile due to its high beta. However, the company's strong revenue growth could provide some support for the stock price.
Long Term Outlook
In the long term, BOF's profitability will be a key factor in determining the stock's performance. If the company can improve its margins and become profitable, the stock price could rise significantly. However, if the company continues to be unprofitable, the stock price could decline.
Analyst Recommendations
Currently, there are no analyst recommendations available for BOF.
