Stryve Foods, Inc. Reports Fiscal 2024 Third Quarter Results
| SNAX Stock | USD 0.93 0.01 1.09% |
Slightly above 64% of all Stryve Foods' investors are looking to take a long position. The analysis of overall sentiment of trading Stryve Foods stock suggests that some investors are interested at this time. Stryve Foods' investing sentiment can be driven by a variety of factors including economic data, Stryve Foods' earnings reports, geopolitical events, and overall market trends.
Stryve |
36.4 percent Growth in Net Sales Year-over-YearGross Profit Up 122.1 percent versus Prior Year2.9M in Gross Proceeds Raised to Support Growing Demand PLANO, Texas, Nov. 13, 2024 -- Stryve Foods, Inc. , an emerging healthy snacking platform and leader in the air-dried meat snack industry in the United States, today reports financial and operating results for the three and nine months ended September 30, 2024. The Company reported continued revenue gro
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Stryve Foods Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Stryve Foods can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
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Stryve Foods Fundamental Analysis
We analyze Stryve Foods' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stryve Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stryve Foods based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Stryve Foods is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Stryve Foods Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stryve Foods stock to make a market-neutral strategy. Peer analysis of Stryve Foods could also be used in its relative valuation, which is a method of valuing Stryve Foods by comparing valuation metrics with similar companies.
Peers
Stryve Foods Related Equities
| SENEA | Seneca Foods | 1.55 | ||||
| LSF | Laird Superfood | 1.12 | ||||
| BTTR | Better Choice | 1.02 | ||||
| NATR | Natures Sunshine | 0.56 | ||||
| CENTA | Central Garden | 1.00 | ||||
| CENT | Central Garden | 1.02 | ||||
| BRID | Bridgford Foods | 2.05 | ||||
| BTOG | Bit Origin | 2.17 | ||||
| RGF | Real Good | 3.70 | ||||
| PLAG | Planet Green | 6.79 |
Additional Tools for Stryve Stock Analysis
When running Stryve Foods' price analysis, check to measure Stryve Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stryve Foods is operating at the current time. Most of Stryve Foods' value examination focuses on studying past and present price action to predict the probability of Stryve Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stryve Foods' price. Additionally, you may evaluate how the addition of Stryve Foods to your portfolios can decrease your overall portfolio volatility.