Toughbuilt has shown they are turning the company around with new deals to increase sales and earnings. This is one of my favorite companies with massive growth potential.
1. Even with increased sales and earnings from their recent deals to sell their products with Home Depot, Lowe’s, and Amazon, I don’t think the stock is ready to move up just yet.
2. Earnings report is coming up on 3/31/21 and although I expect higher Revenue growth year over year I expect the stock to consolidate between $0.90 and $1.40 for a while.
3. I estimate a significant bull run to start once they announce and release new products as that is what will ultimately grow the company. They have a pipeline in the works scheduled to be released in the 1st half of this year. That gives us a timeframe of roughly one more quarter of consolidation, maybe a tiny little drop to previous lows before any new product announcements and the beginning of true growth and a nice bull run.
4. Keep this one on close watch and don’t forget it. Upside is the release of hand tools, eventually a hand drill and eventually power tools as the company grows revenue and products.
5. A small market cap could also mean a potential acquisition from a bigger competitor, but only after the company has grown and established itself.
6. Management needs to execute before any of this is possible. And if everything is executed to perfection this could be a $9-$12 stock in 1-2 years.
7. Any dilution while the company is growing is healthy as long as they are growing and not just raising funds to survive.
1. Even with increased sales and earnings from their recent deals to sell their products with Home Depot, Lowe’s, and Amazon, I don’t think the stock is ready to move up just yet.
2. Earnings report is coming up on 3/31/21 and although I expect higher Revenue growth year over year I expect the stock to consolidate between $0.90 and $1.40 for a while.
3. I estimate a significant bull run to start once they announce and release new products as that is what will ultimately grow the company. They have a pipeline in the works scheduled to be released in the 1st half of this year. That gives us a timeframe of roughly one more quarter of consolidation, maybe a tiny little drop to previous lows before any new product announcements and the beginning of true growth and a nice bull run.
4. Keep this one on close watch and don’t forget it. Upside is the release of hand tools, eventually a hand drill and eventually power tools as the company grows revenue and products.
5. A small market cap could also mean a potential acquisition from a bigger competitor, but only after the company has grown and established itself.
6. Management needs to execute before any of this is possible. And if everything is executed to perfection this could be a $9-$12 stock in 1-2 years.
7. Any dilution while the company is growing is healthy as long as they are growing and not just raising funds to survive.
