EAST Stock Summary and Trading Ideas (Eastside Distilling | NASDAQ:EAST)

Eastside Distilling Inc is a producer and marketer of Craft Canning and Printing and Spirits. Its alcoholic beverage categories include whiskey, vodka, gin, rum, tequila, and Ready-to-Drink. Some of its brands include Azunia Tequila, Hue-Hue Coffee Rum, Portland Potato Vodka, and Burnside Whiskey. It operates in two segments of packaging, producing, marketing, and distributing alcoholic beverages. Craft Canning + Printing includes Digital Can Printing, Co-packing Facility, and Mobile Canning. The company distributes its products in 33 states of the United States.

Eastside Distilling trades on the NASDAQ stock market under the symbol EAST.

As of January 6, 2025, EAST stock price declined to $0.83 with 101,966 million shares trading.

EAST has a beta of -2.75, meaning it tends to be less sensitive to market movements. EAST has a correlation of 0.06 to the broad based SPY ETF.

EAST has a market cap of $3.74 million. This is considered a Sub-Micro Cap stock.

Last quarter Eastside Distilling reported $760,000 in Revenue and -$.66 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, EAST traded as high as $37.60 and as low as $.41.

The top ETF exchange traded funds that EAST belongs to (by Net Assets): VXF.

EAST has underperformed the market in the last year with a return of -29.5%, while SPY returned +28.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EAST shares. However, EAST has outperformed the market in the last 3 month and 2 week periods, returning +43.4% and +18.6%, while SPY returned +4.2% and +0.1%, respectively. This indicates EAST has been having a stronger performance recently.

EAST support price is $.79 and resistance is $.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EAST shares will trade within this expected range on the day.