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Turning Point Brands ( (TPB) ) has provided an announcement.
On December 13, 2024, Turning Point Brands, Inc. entered into an at-the-market sales agreement with B. Riley Securities, Inc. and Barclays Capital Inc. to issue and sell shares of its common stock. The company has amended its prospectus supplement to increase the aggregate dollar amount of common stock available for sale by $200 million, following previous sales totaling nearly $100 million. This move could potentially enhance the company’s financial flexibility and market positioning.
The most recent analyst rating on (TPB) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Turning Point Brands stock, see the TPB Stock Forecast page.
Spark’s Take on TPB Stock
According to Spark, TipRanks’ AI Analyst, TPB is a Neutral.
Turning Point Brands’ overall score is driven by strong earnings call performance and stable financials, despite high leverage and valuation concerns. The company’s growth in the Modern Oral segment is a significant positive, but challenges in other segments and high P/E ratio weigh on the score.
To see Spark’s full report on TPB stock, click here.
More about Turning Point Brands
Turning Point Brands, Inc. operates in the consumer products industry, focusing on the development, marketing, and distribution of branded consumer products. The company primarily offers products in the tobacco and alternative smoking accessories market.
Average Trading Volume: 384,634
Technical Sentiment Signal: Buy
Current Market Cap: $1.72B
See more data about TPB stock on TipRanks’ Stock Analysis page.