The price of BranchOut Food Inc (NASDAQ:BOF) shares last traded on Wall Street rose 6.38% to $2.00.
BOF stock price is now 132.37% away from the 50-day moving average and 37.34% away from the 200-day moving average. The market capitalization of the company currently stands at $13.58M.
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In other news, Jones Byron Riche, Director bought 2,955 shares of the company’s stock on Aug 26 ’24. The stock was bought for $1,921 at an average price of $0.65. Upon completion of the transaction, the Director now directly owns 148,789 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 22 ’24, Director Jones Byron Riche bought 41,755 shares of the business’s stock. A total of $41,337 was incurred on buying the stock at an average price of $0.99. This leaves the insider owning 145,834 shares of the company worth $0.29 million. A total of 39.53% of the company’s stock is owned by insiders.
During the past 12 months, BranchOut Food Inc has had a low of $0.61 and a high of $3.60. As of last week, the company has a debt-to-equity ratio of 1.78, a current ratio of 2.02, and a quick ratio of 1.80. The fifty day moving average price for BOF is $0.86976 and a two-hundred day moving average price translates $1.45937 for the stock.
The latest earnings results from BranchOut Food Inc (NASDAQ: BOF) was released for 2024-06-30. The net profit margin was -79.93% and return on equity was -134.94% for BOF. The company reported revenue of $1.36 million for the quarter, compared to $0.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 297.38 percent.
