Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Turning Point Brands Inc before investing.

In this article, we go over a few key elements for understanding Turning Point Brands Inc’s stock price such as:

• Turning Point Brands Inc’s current stock price and volume
• Why Turning Point Brands Inc’s stock price changed recently
• Upgrades and downgrades for TPB from analysts
• TPB’s stock price momentum as measured by its relative strength

About Turning Point Brands Inc (TPB)

Before we jump into Turning Point Brands Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Turning Point Brands, Inc. is a manufacturer, marketer and distributor of branded consumer products. The Company sells a range of products to adult consumers consisting of staple products under the brands Zig-Zag and Stoker?s. Its segments include Zig-Zag Products (Zig-Zag), Stoker?s Products (Stoker?s) and NewGen Products (NewGen). Zig-Zag principally market and distribute rolling papers, tubes, and related products, and finished cigars and make-your-own cigar wraps. The Stoker?s manufactures and markets moist snuff tobacco (MST) and contract for and market loose leaf chewing tobacco products. NewGen markets and distributes liquid vapor products and certain other products without tobacco and/or nicotine; distribute a wide assortment of products to non-traditional retail via Vapor Beast, and markets and distributes a wide assortment of products to individual consumers. Its products include Beech-Nut, Trophy, Havana Blossom, Durango, Tequila Sunrise, Fred?s Choice and Tennessee Chew.

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Turning Point Brands Inc’s Stock Price as of Market Close

As of February 28, 2024, 4:00 PM, CST, Turning Point Brands Inc’s stock price was $24.69.

Turning Point Brands Inc is up 7.58% from its previous closing price of $22.95.

During the last market session, Turning Point Brands Inc’s stock traded between $22.69 and $22.99. Currently, there are 17.60 million shares of Turning Point Brands Inc stock available for purchase.

Turning Point Brands Inc’s price-earnings (P/E) ratio is currently at 37.2, which is high compared to the Tobacco industry median of 12. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Turning Point Brands Inc Stock Price History

Turning Point Brands Inc’s (TPB) price is currently up 1.65% so far this month.

During the month of February, Turning Point Brands Inc’s stock price has reached a high of $25.99 and a low of $21.98.

Over the last year, Turning Point Brands Inc has hit prices as high as $26.69 and as low as $19.67. Year to date, Turning Point Brands Inc’s stock is up 14.15%.

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What Caused Turning Point Brands Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 27, 2024,, no analysts have changed their rating of Turning Point Brands Inc’s stock over the last month.

Additionally, you'll want to evaluate Turning Point Brands Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Turning Point Brands Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Turning Point Brands Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Turning Point Brands Inc (TPB) by visiting AAII Stock Evaluator.

Relative Price Strength of Turning Point Brands Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 27, 2024, Turning Point Brands Inc has a weighted four-quarter relative price strength of -7.01%, which translates to a Momentum Score of 46 and is considered to be Average.

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Turning Point Brands Inc Stock Price: Bottom Line

As of February 28, 2024, Turning Point Brands Inc’s stock price is $24.69, which is up 7.58% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Turning Point Brands Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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