TBLT | This Will Be Intense | LONGToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.
Toughbuilt
ToughBuilt Industries dismantling. TBLTI have a very, very tough bag that has been faithful to me for years now. If only I could boast the toughness of their stock trends right now. This one is dropping, like many others right now.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
TBLT Fibbin...AgainOnce again the 50 fib and 618 fib are in focus for clear support/resistance levels over the last few months for TBLT . However, the jump this week was BIG. Volume began picking up early on and the latest 1H sales news triggered a new gap. Focus now is on the 618 Fib to hold as support as the 50 fib denied the move past $1.25 early on Friday. But, volume was clearly a telltale sign of "something" this week:
July 7th: "TBLT stock has been increasing in the market recently. Its volume is also much higher than its average. With this in mind, will TBLT make your list of penny stocks to watch?"
Quote Source: 7 Hot Robinhood Penny Stocks to Watch That Could be Pandemic Proof
TBLT ToughBuilt Industries Price TargetTBLT ToughBuilt Industries gross sales through Amazon.com increased 118% to approximately $5.48 million for the first half of 2021, compared to approximately $2.51 million in the first half of 2020.
On 8/19/2020 Maxim Group Reiterated Rating to Buy and a Price Target of $2.00
My price target is 1.6usd.
I have recorded it also as a private idea when i saw that the revenues were increasing.
Kilroy Bottom & Falling WedgeToughbuilt re-tested the all time lows and seems poised to run higher now.
Falling wedge : We see that TBLT broke out of the falling wedge and has been flatlining or consolidating in the $0.70s area. This is a bullish pattern.
Kilroy Bottom / Inverse Head & Shoulders: Coincidentally or on purpose, the consolidation in this range is also forming a Kilroy was here or inverse H & S formation. This is also a bullish reversal pattern.
The company's overall picture has not worsened. From their annual report, they stated they intend to release new tool lines in the first half of 2021. As it is almost June, the announcement can drop any day now and propel this baby higher. New products will boost growth, revenues, and move the stock. They also filed patents for new products down the line so the growth story can really play out long term.
The annual meeting is also coming up in late June to vote on a R/S and an increase in shares. I think if the stock regains compliance, management will not need to pursue a R/S or dilute shareholders YET.. They have 32 million in cash which can support them through the end of this year. Assuming the new tool lines add significant revenue and the company approaches becoming profitable, this is extremely undervalued at a 58 million market cap. Their yearly revenues are almost $50 million.
I forecast break even at around 80-90 million in revenues per year and that is not too far away.
Risk : Management being able to execute and take the company to profitability.
Reward : At 58 mil market cap this company is not trading at any multiple to sales or any type of multiple right now. If they prove they can turn the company around then we can see a 10 bagger in 1-2 years.
This company needs to step it up and bigger players will notice and probably buy them out. But come on management! EXECUTE!!!
Good luck to all.
TBLT ExpectationsToughbuilt 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.
