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Carrols Restaurant Group Inc. (TAST) Stock Behavior Is Not Predictable

Carrols Restaurant Group Inc. (NASDAQ:TAST) concluded the trading at $9.43 Friday, February 09 with a rise of 0.21% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $9.41 and 5Y monthly beta was reading 2.41 . Considering stock’s 52-week price range provides that TAST hit a high price of $9.54 and saw its price falling to a low level of $1.85 during that period. Over a period of past 1-month, stock came adding 14.44% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TAST stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the TAST stock which is currently positioned at 0. It further provides that stock’s current price level is 1.31% away from its 20-day simple moving average and is 12.95% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 70.81 while volatility remained at 0.34% over the past week which changes to 0.71% when measuring it over the past month. Beta is valued at 2.52, while measure of average true range or ATR is currently at 0.14.

In comparing Carrols Restaurant Group Inc. (TAST)’s stock with other industry players reveals that stock’s current price change of 0.21% and that of 360.00% over the past 12 months is in competing position with that of Arcos Dorados Holdings Inc. Cl A (ARCO) which saw its stock price raised by 1.35%% in the last trading and went through an increase of 47.61% in past 12-month trading. Industry’s another major player Rave Restaurant Group Inc. (RAVE) has rise 3.83%% up in previous session, but over the past year has faced a rise of 21.02%. Carrols Restaurant Group Inc. has a P/E ratio of 0 against that of Arcos Dorados Holdings Inc. Cl A’s 14.08 while Rave Restaurant Group Inc. is showing 14.58 for the same.

Having a second look at Carrols Restaurant Group Inc. (NASDAQ:TAST) provides that stock’s average daily trading volume for 3 months was 1.17 million, while it jumped to 0.56 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 50.90 million.

The percentage of outstanding shares held by the insiders is 29.82% while it is 51.86% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 3.63 million which implies a short ratio of 4.65. This shows up a 6.67% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 1.71 million in the previous month. Addition of 19.67% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.