From what 0 stock analysts predict, the share price for BranchOut Food Inc. - Common Stock (BOF) might decrease by 100% in the next year. This is based on a 12-month average estimation for BOF. Price targets go from $ to $. The majority of stock analysts believe BOF is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
BOF is a stock in Consumer Defensive which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end BOF is forecasted to be $ by from .
These are the latest 20 analyst ratings of BOF.
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Price Target |
Change |
Date |
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When did it IPO
N/A
Staff Count
4
Country
United States
Sector/Industry
Consumer Defensive/Packaged Foods
CEO
Mr. Eric Healy
Market Cap
$10.8M
In 2023, BOF generated $2.8M in revenue, which was a increase of 275.69% from the previous year. This can be seen as a signal that BOF's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Investors in penny stocks should carefully reassess their portfolios during market downturns, weighing key considerations before making any selling decisions.
Why It Matters - Market downturns prompt portfolio reassessment, particularly for penny stocks, which can be volatile. Understanding market dynamics is crucial for informed selling or holding decisions.
Summary - BranchOut Food Inc. (NASDAQ: BOF) forecasts $8 million in net revenue for the year, focusing on dehydrated fruit and vegetable products.
Why It Matters - BranchOut Food's projected $8 million net revenue signals growth in the food tech sector, potentially boosting investor confidence and stock value in a competitive market.
Summary - BranchOut Food Inc. has completed a $1.4M public offering, raising a total of $3.925M to fund the construction of its Peru factory and aims for profitability with its customer pipeline.
Why It Matters - The funding enables BranchOut Food Inc. to finalize its Peru factory, enhancing production capacity and profitability potential, positively influencing stock performance and investor confidence.
Summary - BranchOut Food Inc. closed a $525,000 investment led by CEO Eric Healy and a $3,400,000 convertible note with Kaufman Kapital, issuing 692,529 shares of common stock.
Why It Matters - BranchOut Food Inc.'s recent investment and convertible note raise enhance its financial position, signaling confidence from leadership and potential growth, which can positively influence stock value.
Summary - Branchout Food (NASDAQ: BOF) stock declines as the company prices a public offering at 80 cents per share, totaling 1.75 million shares.
Why It Matters - Branchout Food's stock decline signals potential dilution of shares from the public offering, impacting existing shareholders' value and market perception of the company's financial health.
Summary - BranchOut Food Inc. plans to launch new private label dried fruit products in 3,430 stores in 2024.
Why It Matters - The launch of new private label dried fruit products in 3,430 stores indicates potential revenue growth for BranchOut Food Inc., enhancing its market presence and attractiveness to investors.