Kaival Brands Innovations Group (NASDAQ:KAVL) Trading Up 3.8% – Still a Buy?

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL)’s share price rose 3.8% on Friday . The company traded as high as $0.4990 and last traded at $0.4951. Approximately 35,941 shares traded hands during trading, a decline of 97% from the average daily volume of 1,289,319 shares. The stock had previously closed at $0.4768.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Kaival Brands Innovations Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Kaival Brands Innovations Group Trading Up 3.8%

The business’s 50-day simple moving average is $0.54 and its two-hundred day simple moving average is $0.58.

Kaival Brands Innovations Group (NASDAQ:KAVL) last announced its quarterly earnings results on Tuesday, September 16th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.14 million for the quarter.

About Kaival Brands Innovations Group

Kaival Brands Innovations Group, Inc sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com.