Long
TBLT Toughbuilt Industries
This is a good stock. Its under a dollar (Cheap Stock). As you can see the chart, we have a FALLING WEDGE ( BULLISH CONTINUATION). In addition, you have (2) GAP DOWNS on the chart that have not been filled yet to the upside, so see a bullish reversal to happen. You wont see the GAP DOWNS on this chart version since the candles are in (HEIKIN ASHI) version but its there on the regular candle version. Projected price Target will be the highest high of the formation at around $1.70/share in the coming weeks! Maybe 2-3 weeks time! Im not a financial advisor, please do your own diligence as well and take my projections with a grain of salt!
First Quarter 2021 Financial Highlights:
Revenues for the first quarter of 2021 increased 214% to $12.3 million, compared to
$3.9 million in the first quarter of 2020. The increase in revenues was primarily driven
by strong demand for ToughBuilt products that across all product lines from leading
customers in the United States and Canada.
GAAP gross profit increased 128% to $3.5 million, compared to $1.5 million in the first
quarter of 2020. GAAP gross profit margins for the quarter were 28.2%, compared to
38.9% in the year ago period. The decrease was primarily due to an increase in cost of
goods sold following the recategorization of logistic-related expenses such as custom
duty fees, warehouse storage & handling costs, and freight costs. Prior to Q4 2020,
these expenses were reported under operating expenses.
I will be making a Video about this company on my YouTube Channel. Watch video coming out soon! Video will be posted on 5/19/2021
First Quarter 2021 Financial Highlights:
Revenues for the first quarter of 2021 increased 214% to $12.3 million, compared to
$3.9 million in the first quarter of 2020. The increase in revenues was primarily driven
by strong demand for ToughBuilt products that across all product lines from leading
customers in the United States and Canada.
GAAP gross profit increased 128% to $3.5 million, compared to $1.5 million in the first
quarter of 2020. GAAP gross profit margins for the quarter were 28.2%, compared to
38.9% in the year ago period. The decrease was primarily due to an increase in cost of
goods sold following the recategorization of logistic-related expenses such as custom
duty fees, warehouse storage & handling costs, and freight costs. Prior to Q4 2020,
these expenses were reported under operating expenses.
I will be making a Video about this company on my YouTube Channel. Watch video coming out soon! Video will be posted on 5/19/2021
Note
*Video will be out on 5/18/21 @ 9:00 am PSTNote
Tomorrow is triple Witching Day during power hour! FYI
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.