Meanwhile, the company’s shares are up 93.98% just over the past five days and over 36% alone in the last trading session while the stock continues to climb premarket.
TBLT chart and analysis
In the last month, TBLT has been trading in the $1.34 to $5.18 range, while currently trading near the high of this range. Volume is considerably higher in the last couple of days, while over the last month the stock is up a whopping 190%. There seem to be two resistance lines on the daily chart, the first at $4.47 and the second at $4.64, while a support line is seen at $3.68.
Shareholder value dilution
Since the IPO the company managed to increase its share count from 1 million to 129 million, and it all came at the expense of shareholders as dilutions destroyed the trust market participants had towards the company. However, as of now, the company is sitting on over $31 million of cash, which could bring it some respite in times of supply chain issues. All things considered, TBLT appears enticing, with a strong presence in the tool market, cash reserves, and a skyrocketing stock. Yet, investors need to be cognizant of the company’s past and expect high volatility, especially in the case of a new stock offering from the firm. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
