Eastside Distilling (EAST) Stock Price, News & Analysis

Company Overview

Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand. It also offers canning and printing services to the craft beer, cider, and kombucha beverage industries; and digital can printing and co-packing services. The company sells its products on a wholesale basis to distributors in the United States. Eastside Distilling, Inc. was incorporated in 2004 and is headquartered in Portland, Oregon.

Key Stats

• Today's Range: $0.52 to $0.58
• 50-Day Range: $0.49 to $1.44
• 52-Week Range: $0.44 to $2.98
• Volume: 46,154 shs
• Average Volume: 876,020 shs
• Market Capitalization: $990,640.00
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.50
• Consensus Rating: Buy

Eastside Distilling Stock Analysis - MarketRank™

Eastside Distilling scored higher than 58% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Eastside Distilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Eastside Distilling has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Eastside Distilling are expected to grow in the coming year, from ($2.63) to ($1.08) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eastside Distilling is -0.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eastside Distilling is -0.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Eastside Distilling has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.59% of the float of Eastside Distilling has been sold short.

Short Interest Ratio / Days to Cover

Eastside Distilling has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eastside Distilling has recently decreased by 22.48%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Eastside Distilling does not currently pay a dividend.

Dividend Growth

Eastside Distilling does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.59% of the float of Eastside Distilling has been sold short.

Short Interest Ratio / Days to Cover

Eastside Distilling has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eastside Distilling has recently decreased by 22.48%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

Eastside Distilling has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Consumer Staples companies.

Search Interest

Only 1 people have searched for EAST on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eastside Distilling insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.11% of the stock of Eastside Distilling is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.58% of the stock of Eastside Distilling is held by institutions.

EAST Stock Analysis - Frequently Asked Questions

How have EAST shares performed this year?

Eastside Distilling's stock was trading at $1.29 at the beginning of the year. Since then, EAST shares have decreased by 55.0% and is now trading at $0.58.
View the best growth stocks for 2024 here.

How were Eastside Distilling's earnings last quarter?

Eastside Distilling, Inc. (NASDAQ:EAST) released its earnings results on Wednesday, August, 14th. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.82) by $0.05. The company earned $3.06 million during the quarter, compared to analyst estimates of $2.58 million. Eastside Distilling had a negative net margin of 66.06% and a negative trailing twelve-month return on equity of 2,066.36%.

When did Eastside Distilling's stock split?

Eastside Distilling shares reverse split on Monday, May 15th 2023. The 1-20 reverse split was announced on Monday, May 15th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, May 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

How do I buy shares of Eastside Distilling?

Shares of EAST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eastside Distilling own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eastside Distilling investors own include International Paper (IP), KeyCorp (KEY), ONEOK (OKE), AT&T (T), Adaptimmune Therapeutics (ADAP) and Allena Pharmaceuticals (ALNA).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Beverages
• Sub-Industry: Beer & Liquor
• Current Symbol: NASDAQ:EAST
• CUSIP: N/A
• CIK: 1534708
• Web: www.eastsidedistilling.com
• Phone: (971) 888-4264
• Fax: N/A
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.50
• High Stock Price Target: $3.50
• Low Stock Price Target: $3.50
• Potential Upside/Downside: +503.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($6.13)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-7,530,000.00
• Net Margins: -66.06%
• Pretax Margin: -66.06%
• Return on Equity: -2,066.36%
• Return on Assets: -32.44%

Debt

• Debt-to-Equity Ratio: 3.17
• Current Ratio: 0.29
• Quick Ratio: 0.11

Sales & Book Value

• Annual Sales: $10.35 million
• Price / Sales: 0.10
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.55 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 1,708,000
• Free Float: 1,382,000
• Market Cap: $990,640.00
• Optionable: Not Optionable
• Beta: 1.77