TPB Stock Summary and Trading Ideas (Turning Point Brands | NYSE:TPB)

Turning Point Brands Inc operates as manufacturer, marketer, provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

Turning Point Brands trades on the NYSE stock market under the symbol TPB.

As of April 23, 2024, TPB stock price climbed to $28.06 with 65,358 million shares trading.

TPB has a beta of 0.86, meaning it tends to be less sensitive to market movements. TPB has a correlation of 0.10 to the broad based SPY ETF.

TPB has a market cap of $496.01 million. This is considered a Small Cap stock.

Last quarter Turning Point Brands reported $97 million in Revenue and $.79 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.11.

In the last 3 years, TPB stock traded as high as $54.49 and as low as $18.81.

The top ETF exchange traded funds that TPB belongs to (by Net Assets): VTI, IWM, VXF, VDC, IWO.

TPB stock has underperformed the market in the last year with a return of +20.5%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TPB shares. However, TPB has outperformed the market in the last 3 month and 2 week periods, returning +12.2% and +1.4%, while SPY returned +4.9% and -2.5%, respectively. This indicates TPB has been having a stronger performance recently.

TPB support price is $26.98 and resistance is $28.06 (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 TPB stock will trade within this expected range on the day.