TBLT Stock Summary and Trading Ideas (Toughbuilt Industries | NASDAQ:TBLT)

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.

Toughbuilt Industries trades on the NASDAQ stock market under the symbol TBLT.

As of May 1, 2024, TBLT stock price declined to $2.29 with 34,141 million shares trading.

TBLT has a beta of 2.68, meaning it tends to be more sensitive to market movements. TBLT has a correlation of 0.07 to the broad based SPY ETF.

TBLT has a market cap of $1.77 million. This is considered a Sub-Micro Cap stock.

Last quarter Toughbuilt Industries reported $21 million in Revenue and -$17.55 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $12.35.

In the last 3 years, TBLT stock traded as high as $12,186.89 and as low as $2.12.

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

TBLT has underperformed the market in the last year with a return of -96.1%, while the SPY ETF gained +21.9%. In the last 3 month period, TBLT fell short of the market, returning -61.6%, while SPY returned +2.3%. However, in the most recent 2 weeks TBLT has outperformed the stock market by returning +6.0%, while SPY returned -0.6%.

TBLT support price is $2.10 and resistance is $2.50 (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 TBLT stock will trade within this expected range on the day.