Stryve Foods Stock (NASDAQ:SNAX), Trade Ideas

Stryve Foods

Stryve Foods Inc is a healthy snacking company which manufactures, markets and sells highly differentiated healthy snacking products. The company offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks.

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Shares of  Stryve Foods, Inc. (NASDAQ: SNAX) fell sharply during Tuesday’s session following a fourth-quarter revenue miss.

Why Stryve Foods Shares Are Trading Lower By Around 25%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Stryve Foods, Inc. - Class A Common Stock

Stryve Foods Inc

Stryve Foods Inc (SNAX) stock has fallen -84.04% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives SNAX stock a score of  32 out of a possible 100. That rank is primarily influenced by a long-term technical score of 2. SNAX's ran

Stryve Foods Inc (SNAX) Stock  Gains 1.63% This Week: Is It a Good Pick?

Stryve Foods GAAP EPS of -$1.90 beats by $0.06, revenue of $2.89M misses by $2.12M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Stryve Foods</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/snax-stock-quote/"><strong>SNAX</strong></a></span>) just reported results for the fourth quarter of 2023.</p><ul><li>Stryve Foods reported earnings per share of -$1.90. This was above the analyst estimate for EPS of -$1.96.</li><li>The company reported revenue of $2.89 million.</li><li>This was 42.38% worse than the analyst estimate for revenue of $5.01 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/04/snax-stock-earnings-stryve-foods-for-q4-of-2023/">SNAX Stock Earnings: Stryve Foods Beats EPS, Misses Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

SNAX Stock Earnings: Stryve Foods Beats EPS, Misses Revenue for Q4 2023

Stryve Foods, Inc. (SNAX) Q4 2023 Earnings Call Transcript

These Consumer Defensive stocks are trading higher:-Yatsen Holding Ltd - ADR (YSG) stock is trading at $2.59, a gain of $0.3, or 13.1%, on low volume.  Yatsen Holding Ltd ADR gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Buy with a price target of $4.15.  -Dingdo

Consumer Defensive Stocks on the Move Tuesday: YSG, DDL, VFF, BTOG, SNAX, EAST, HNST, BIG

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>When building a stock portfolio, the most prudent strategy is typically to buy and hold shares of quality companies for the long haul. Avoiding businesses with flawed fundamentals or deteriorating financials can save you from getting stuck holding the bag on failing investments. However, I believe keeping a small portion of your portfolio for contrarian bets or speculative moonshot stocks can also prove rewarding, if done judiciously.</p>



<p>Of course , it&rsquo;s worth noting that these companies&rsquo; battered valuations could prompt massive short squeezes at any time. Savvy traders can still generate short-term gains by playing on their volatility. But make no mistake &ndash; the long-term investment merits of these companies seem dubious at best.</p>



<p>Ultimately, I advocate holding primarily mainstream, institutional-quality investments. Allocating a smaller amount to moon shot bets is great, but investors will want to focus the majority of their portfolio on companies with solid leadership and finances. </p>



<p>So, for those looking to differentiate between the moonshot bets worth making, and the stocks I&rsquo;d put in the &ldquo;sell&rdquo; bucket, here are three of the latter.</p>



<h2>Ideanomics (IDEX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/electric-vehicle-ev-stocks-charger-dark-sky-1600-300x169.jpg" alt="Two electric vehicles facing a dark sky, sunset background with one EV hooked up to an EV charger in between the two cars. EV Stocks"><div>Source: shutterstock.com/Larich</div></div><p>There&rsquo;s no sugarcoating it &ndash; the electric vehicle industry has endured a brutal year. High interest rates and recessionary fears decimated growth stock valuations, particularly those companies in the EV sector. Even innovative electric vehicle makers with promising futures have seen shares plunge dangerously close to penny stock territory. <strong>Ideanomics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/idex-stock-quote/"><strong>IDEX</strong></a>), a global EV solutions provider focused on fleet electrification, is one such beaten-down name facing extreme risks.</p>



<p>With losses mounting and cash reserves dwindling each quarter, it&rsquo;s tough to justify Ideanomics as a viable long-term investment any longer. In Q3 2023 alone, the company lost a staggering <a href="https://www.google.com/finance/quote/IDEX:NASDAQ">$63 million on just $5.4 million</a> of quarterly revenue. And its balance sheet now shows only around $2 million in cash remaining to fund near-term operations.</p>



<p>Make no mistake about it, the concept behind Ideanomics has merit. The company does have some strong tailwinds driving its valuation that could propel a move higher, if macro conditions improve. But in the current environment, raising capital is extremely difficult (and costly), making shareholder dilution seem inevitable just to keep the lights on.</p>



<h2>AppTech Payments (APCX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/fintech_1600_1065252818-300x169.png" alt="Online banking businessman using smartphone with credit card Fintech and Blockchain concept"><div>Source: Joyseulay / Shutterstock.com</div></div><p>Unlike unprofitable and speculative <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a>, leading fintech disruptors tend to operate with attractive margin profiles, even in their early stages of growth. But as a relatively unknown fintech company targeting merchants and consumers, <strong>AppTech Payments</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/apcx-stock-quote/"><strong>APCX</strong></a>) is a clear outlier. Four consecutive quarters of mounting losses and less than $1.3 million in remaining cash paint the picture of a company racing towards dilution or insolvency, absent a drastic change in fortunes.</p>



<p>Bulls will rightfully point out that revenues grew double digits again in Q4 and annual losses narrowed slightly on an adjusted EBITDA basis. However, with AppTech still losing substantially more money each quarter than it generates in sales, its current run rate is untenable. And for a microcap fintech company to succeed, fast growth at high margins is paramount.</p>



<p>Perhaps AppTech can stage an unlikely turnaround in a few years and finally achieve cash flow breakeven. But its history and Q4 results argue otherwise. I&rsquo;m willing to bet AppTech won&rsquo;t have sufficient time to scale further before requiring another emergency cash infusion. Cutting losses seems to be a prudent strategy, as opposed to risking a total wipeout.</p>



<h2>Stryve Foods (SNAX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/healthy-food-300x169.jpg" alt="BSFC Stock. Healthy food including salmon, almonds, garlic, broccoli, avocado, and lettuce"><div>Source: Shutterstock.com</div></div><p>In an environment where cash is king for small-cap companies, very few situations appear more dire right now than what we&rsquo;re seeing at <strong>Stryve Foods</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/snax-stock-quote/"><strong>SNAX</strong></a>). The emerging packaged snacks player has seen its revenues rapidly shrink <a href="https://www.google.com/finance/quote/SNAX:NASDAQ">from $30 million in 2022 to just $17.7 million</a> this past year. There is little evidence Stryve can stop its cash bleed without an immediate strategic shift.</p>



<p>Making matters worse, Stryve&rsquo;s balance sheet is saddled with nearly $24 million of highly-restrictive debt converting over the coming year which will effectively wipe out today&rsquo;s shareholders altogether. The company recently reported holding only $377,000 in cash.</p>



<p>In short, extreme dilution seems inevitable in the near-term, for Stryve to just to keep the lights on. That is, if debt holders don&rsquo;t seize control of the company entirely. I think SNAX stock will likely be rendered worthless or near-worthless sooner rather than later.</p>



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<p><strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/" target="_blank">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



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<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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Stryve Foods Stock (NASDAQ:SNAX), Trade Ideas