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Tag: COOK

  • Q4 & Fiscal 2021 Results: Traeger Inc. (COOK) Plummets to New Low on Weak 2022 Outlook

    Q4 & Fiscal 2021 Results: Traeger Inc. (COOK) Plummets to New Low on Weak 2022 Outlook

    On March 23, Traeger Inc. (COOK) released its financial report for Q4 and fiscal 2021. The report also included an outlook for fiscal 2022. As a result, the stock plunged deep in the after-hours session.

    Source: Bookkeeping Services NYC

    In the regular trading session COOK stock suffered a loss of 4.56% while trading in the red. The stock had a value of $8.80 at the close of the session while 2.22 million shares were exchanged during the session. Following the results and outlook, the stock plunged down to a new low of $7.25 per share. The stock’s previous 52-week low was $8.18 per share. Hence, COOK took a hit of over 17.61% in the after-hours at a volume of 799.49K shares.

    The wood pellet-fueled barbeque grills designer, Traeger Inc. was founded in 2017. The Salt Lake City-based company has a market capitalization of $1.08 billion. Currently, the company’s 117.55 million outstanding shares stand on a year-to-date loss of 27.63%.

    COOK’s Financial Report

    Q4 2021

    For Q4 2021, the company reported total revenues of $174.9 million with an increase of 30.8% YOY.

    Moreover, the adjusted net income was $3.6 million with an adjusted EPS of $0.03 while the adjusted EBITDA was $13.8 million.

    Fiscal 2021

    COOK’s fiscal 2021 total revenues were $785.5 million with an increase of 43.9% YOY.

    Furthermore, the company reported an adjusted net income of $66.9 million with an EPS of $0.60 for fiscal 2021.

    The adjusted EBITDA was $109.0 million for the year.

    Fiscal 2022 Guidance

    For Q1 fiscal 2022, the company expects adjusted EBITDA of $22-$24 million on total revenue of $208-$212 million.

    Additionally, for the full year 2022, COOK expects total revenue of $800-$850 million with an adjusted EBITDA of $70-$80 million.

    COOK’s Recent Participation

    Recently, the company participated in the 24th Annual ICR Conference which took place in January 2022. The company’s leadership participated in a fireside chat at the conference on Monday, January 10, 2022. The participants included COOK’s Chief Executive Officer Jeremy Andrus and Chief Financial Officer Dominic Blosil.

    Conclusion

    While the company exceeded its own guidance for most items in the 2021 report, its 2022 forecast failed to impress the investors. The 2022 outlook fell short of the estimated sales for the year. Thus, the weak outlook caused the COOK stock to plunge down to a new 52-week low in the after hours.

  • 1-week top losers in the crypto market – (JustBet, Cook Protocol, Penta, ‎Rewardiqa, WorkQuest Token)

    1-week top losers in the crypto market – (JustBet, Cook Protocol, Penta, ‎Rewardiqa, WorkQuest Token)

    The brutal market of cryptocurrencies is unforgiving.

    JustBet (WINR) is the top loser of the week with a 7-day loss of 58%. JustBet is a decentralized autonomous gaming system that runs with zero human interaction which ensures the transparency of the system. The token achieved its all-time high at $0.013 in the 2021 bull run but it has succumbed to the bears ever since. At the time of press, JustBet was trading hands at $0.0059. The daily trading volume of $1,611,622 has increased by 93%.

    Cook Protocol (COOK) is down by 50% in the weekly timeframe. The token stands at $0.11 at the time of writing. The price of COOK has gone down by 12% while the trading volume has declined by 70% in the daily timeframe. COOK has been on a downward trend since April. The Cook Protocol is a cross-chain solution that enables an asset management platform. Cook is the governance token of the platform.

    Penta (PNT) cryptocurrency operates on the Ethereum block chain. The cryptocurrency had established its all-time high at $0.029 in 2018. The bulls of the current bull run were not able to propel the cryptocurrency upwards and apart from a few brief upward moves, Penta has stayed bearishly stagnant. The daily trading volume of $1,034,532 has decreased by 24% in the daily timeframe as well.

    Rewardiqa is a gamified microtask and advertising platform built on the block chain. Rewardiqa (REW) is the native cryptocurrency. The cryptocurrency achieved its all-tine high at $43.9 in March but fell sharply afterwards. On a descent, Rewardiqa stands at $2.11 at the time of press. The trading volume of $832,518 has increased by 100% in the daily time frame.

    WorkQuest Token (WQT) is the management token of WorkQuest – an online marketplace and decentralized payment provider that connects employers and employees utilizing smart contracts. WQT is the final loser of the week with a loss of 61%. The token stands at a price of $0.39 with a daily trading volume of $621,341. Although the price and trading volume of the coin has went up in the daily timeframe, the weekly performance of the coin has been deteriorating.