HC Wainwright Reaffirms “Buy” Rating for Splash Beverage Group (NYSEAMERICAN:SBEV)

Posted by Jessica Moore on May 25th, 2024

HC Wainwright reiterated their buy rating on shares of Splash Beverage Group (NYSEAMERICAN:SBEV – Free Report) in a research note published on Wednesday, Benzinga reports. They currently have a $1.00 price target on the stock. HC Wainwright also issued estimates for Splash Beverage Group’s Q2 2024 earnings at ($0.10) EPS, Q3 2024 earnings at ($0.08) EPS, Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.35) EPS and FY2025 earnings at ($0.23) EPS.

Splash Beverage Group Price Performance

NYSEAMERICAN:SBEV opened at $0.28 on Wednesday. Splash Beverage Group has a 1 year low of $0.23 and a 1 year high of $1.28. The firm has a market capitalization of $13.54 million, a price-to-earnings ratio of -0.52 and a beta of -1.22.

Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) last released its quarterly earnings data on Friday, March 29th. The company reported ($0.14) EPS for the quarter. Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 150.64%. The company had revenue of $2.69 million for the quarter, compared to analysts’ expectations of $5.99 million. As a group, sell-side analysts anticipate that Splash Beverage Group will post -0.31 EPS for the current year.

Institutional Trading of Splash Beverage Group

A hedge fund recently bought a new stake in Splash Beverage Group stock. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 60,000 shares of the company’s stock, valued at approximately $28,000. Sanibel Captiva Trust Company Inc. owned approximately 0.13% of Splash Beverage Group at the end of the most recent quarter. Hedge funds and other institutional investors own 5.77% of the company’s stock.

About Splash Beverage Group

(Get Free Report)

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.