Last Updated: 10 Nov 2024
Executive Summary
Eastside Distilling Inc. (EAST) is a small-cap company in the beverage industry with a market capitalization of $2.66 billion. The company has been facing financial difficulties, with negative EBITDA, EPS, and profit margin. However, the company's quarterly revenue growth is positive, and the analyst target price is $3.50, indicating potential upside.
Company Overview
Eastside Distilling Inc. is a manufacturer and distributor of alcoholic beverages, headquartered in Portland, Oregon. The company's products include whiskey, vodka, gin, and rum. Eastside Distilling has a strong presence in the Pacific Northwest, and its products are also distributed nationally.
Fundamental Analysis
Eastside Distilling's financial performance has been weak in recent quarters. The company reported a net loss of $3.78 million in the latest quarter, and its EBITDA was negative $3.78 million. The company's EPS is also negative, at -$4.75. Eastside Distilling's gross profit margin is 28.1%, and its operating margin is -42.7%. The company's return on assets is -16.7%, and its return on equity is -260.3%.
Technical Analysis
Eastside Distilling's stock price has been in a downtrend in recent months. The stock is currently trading at $0.56, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 30.00, which indicates that the stock is oversold.
Short Term Outlook
Eastside Distilling's stock price is likely to remain under pressure in the short term. The company's financial performance is weak, and the stock is trading below its moving averages. However, the company's quarterly revenue growth is positive, and the analyst target price is $3.50, indicating potential upside.
Long Term Outlook
Eastside Distilling's long-term outlook is uncertain. The company's financial performance needs to improve in order for the stock price to recover. However, the company has a strong brand and a loyal customer base. If the company can improve its financial performance, the stock price could rebound.
Analyst Recommendations
The majority of analysts have a buy rating on Eastside Distilling's stock. The average analyst target price is $3.50, which represents a potential upside of 521.43%.
