Kaspien (NASDAQ:KSPN) Rating Reiterated by Aegis

Kaspien (NASDAQ:KSPN)‘s stock had its “buy” rating restated by stock analysts at Aegis in a research report issued on Tuesday, PriceTargets.com reports. Aegis also issued estimates for Kaspien’s FY2024 earnings at ($5.47) EPS and FY2025 earnings at ($2.80) EPS.

Kaspien Stock Performance

Shares of KSPN opened at $0.13 on Tuesday. Kaspien has a one year low of $0.12 and a one year high of $2.13. The stock’s fifty day moving average is $0.16 and its 200-day moving average is $0.39. The firm has a market capitalization of $621,250.00, a price-to-earnings ratio of -0.04 and a beta of 0.82.

Kaspien (NASDAQ:KSPN) last released its quarterly earnings results on Tuesday, September 12th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.61. The company had revenue of $33.14 million for the quarter. Kaspien had a negative net margin of 10.51% and a negative return on equity of 1,013.63%.

Hedge Funds Weigh In On Kaspien

An institutional investor recently bought a new position in Kaspien stock. SVB Wealth LLC bought a new stake in shares of Kaspien Holdings Inc. (NASDAQ:KSPN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,392 shares of the company’s stock, valued at approximately $36,000. SVB Wealth LLC owned approximately 0.58% of Kaspien as of its most recent SEC filing. 0.29% of the stock is owned by institutional investors.

About Kaspien

Kaspien Holdings Inc operates an e-commerce services provider. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, Target, and others. The company's technology-enabled retailer that delivers brand partners across Amazon.com US, Amazon.com Canada, Target.com, and Walmart.com online marketplaces.