Connect with us

Hi, what are you looking for?

Diversified Industries

ToughBuilt Industries Stock Could See Another Downward Spiral

ToughBuilt Industries Stock Could See Another Downward Spiral

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

ToughBuilt Industries (NASDAQ: TBLT) stock seems like it should be a winner in current economic times. The company focuses on making equipment and safety gear for construction workers and electricians, such as sawhorses, knee pads and tool pouches.

With the roaring housing market and in particular a sharp uptick in home improvement and restoration since the pandemic, it would seem like ToughBuilt should be prospering right now. But that’s not the case. In fact, TBLT stock has been crushed over the past year and hasn’t improved much year-to-date (YTD).

This is primarily due to massive share dilution, as ToughBuilt has run large operating losses as it tries to expand its business. It has consistently funded these operations by issuing new shares of stock to the public. In one period in 2019 and 2020, for example, the company increased its outstanding share count twentyfold. Thus, it’s no surprise that the value of ToughBuilt stock has collapsed given the mountain of newly-trading shares.

Pages: 1 2 3

You May Also Like

Blog

An investor’s best friend is the candlestick chart, which you can use to identify trends in stocks, commodities, and currencies. The most reliable patterns...

Technology

The blog post breaks down what are candlestick patterns, how to read easy to see patterns, how candlesticks are formed, how to read charts,...

Diversified Industries

This blog breaks down the essential candlestick patterns that will help traders with investing. Also, investors are encouraged to look into the body, wick,...

Diversified Industries

In this blog we explore the top 6 unknown and cheap stocks for millennials to invest in. This list includes: Zynga (NASDAQ:ZNGA), Franks International...

Investor Scene

InvestorScene.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, in-depth broadcasts on Stock News, Market Analysis and Company Interviews.

InvestorScene.com also provides financial news PR marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.



Copyright © 2022 www.investorscene.com - a GloBull Media, LLC Brand