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 April 24, 2024, EAST stock price climbed to $1.11 with 4,670 million shares trading.

EAST has a beta of 1.60, meaning it tends to be more sensitive to market movements. EAST has a correlation of 0.05 to the broad based SPY ETF.

EAST has a market cap of $1.89 million. This is considered a Sub-Micro Cap stock.

Last quarter Eastside Distilling reported $2 million in Revenue and -$1.16 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.26.

In the last 3 years, EAST stock traded as high as $96.60 and as low as $.84.

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 -72.9%, while the SPY ETF gained +24.6%. In the last 3 month period, EAST fell short of the market, returning +2.8%, while SPY returned +4.9%. However, in the most recent 2 weeks EAST has outperformed the stock market by returning +20.2%, while SPY returned -2.4%.

EAST support price is $1.00 and resistance is $1.17 (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 stock will trade within this expected range on the day.