An interesting stock that came up in some of our conversations today is Carrols Restaurant Group, Inc. (NASDAQ:TAST). At current price of $4.97, the shares have already lost -0.14 points (-2.64% lower) from its previous close of $5.11. Should you buy or avoid them? The stock sets an active trading volume day with a reported 150958 contracts so far this session. TAST shares had a relatively better volume day versus average trading capacity of 566.64 thousand shares, but with a 33.93 million float and a 5.8% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TAST stock indicates that the average analyst price target is $10.5 per share. This means the stock has a potential increase of 111.27% from where the TAST share price has been trading recently.
During the recent trading session for Carrols Restaurant Group, Inc. (NASDAQ:TAST), the company witnessed their stock rise $0.19 over a week and tumble down $-0.55 from the price 20 days ago. When compared to their established 52-week high of $11.56, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/20/19. The recent low of $4.5 stood for a -56.96% since 01/31/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.65 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Carrols Restaurant Group, Inc., the two-week RSI stands at 41.92. This figure suggests that TAST stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TAST readings is similarly very revealing as it has a stochastic reading of 84.58% at this stage. This figure means that TAST share price today is being oversold.
Technical chart claims that Carrols Restaurant Group, Inc. (TAST) would settle between $5.16/share to $5.21/share level. However, if the stock price goes below the $5.03 mark, then the market for Carrols Restaurant Group, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $4.95 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.15. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Craig Hallum, assumed coverage of TAST assigning Buy rating, according to their opinion released on November 20. Dougherty & Company analysts again handed out a Buy recommendation to Carrols Restaurant Group, Inc. (NASDAQ:TAST) stock but they lifted target price for the shares in a flash note issued to investors on May 09. The target price has been raised from $16 to $14.50. Analysts at SunTrust, made their first call for the equity with a Buy recommendation, according to a research note that dated back to May 23.
TAST equity has an average rating of 1.57, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 5 analysts rated Carrols Restaurant Group, Inc. (NASDAQ:TAST) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, TAST stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 30.8.
Carrols Restaurant Group, Inc. (TAST)’s current-quarter revenues are projected to climb by nearly 29.5% to hit $398470, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 23.8% from $1.18 billion to a noteworthy $1.46 billion. At the other end of the current quarter income statement, Carrols Restaurant Group, Inc. is expected to see its adjusted earnings surge by roughly -200% to hit $-0.05 per share. For the fiscal year, TAST’s earnings are projected to climb by roughly -196.7% to hit $-0.29 per share.