BETA Technologies launches IPO of 25 million shares priced $27-$33
In a turbulent market environment, Tgpx Holdings I LLC, trading under the ticker COOK, has seen its stock price touch a 52-week low, reaching a concerning $1.71. With a market capitalization of $225 million and annual revenue of $604 million, the company maintains strong liquidity with a current ratio of 1.99. According to InvestingPro analysis, the stock appears undervalued at current levels. This latest price point underscores the ongoing challenges the company faces, as reflected in the significant 1-year change, with the stock value declining by -33.14%. Investors are closely monitoring COOK’s performance for signs of a turnaround or further indications of downward pressure in the face of market headwinds. InvestingPro analysis indicates the stock is in oversold territory, and analysts expect the company to return to profitability this year. Discover 10 additional exclusive insights about COOK with an InvestingPro subscription.
In other recent news, Traeger Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an EPS of $0.01 compared to a forecast of -$0.0015. The company achieved a revenue of $169 million, marking a 3% increase year-over-year. Traeger’s gross margin improved significantly by 410 basis points to 40.9%, and adjusted EBITDA rose by 41% from the previous year. Despite these positive results, the company issued a cautious outlook for 2025, projecting revenue between $595 million and $615 million and adjusted EBITDA of $75 million to $85 million.
Analysts from Canaccord Genuity and Jefferies have recently revised their price targets for Traeger. Canaccord Genuity maintained a Buy rating but lowered the price target from $7 to $5, while Jefferies reduced the target to $2.25 from $2.75, retaining a Hold rating. Both firms acknowledged Traeger’s strong grill sales and improved profitability, though they noted challenges in the accessories segment and a conservative future outlook. Traeger’s management has indicated that they are preparing for potential tariff impacts and focusing on supply chain diversification.
The company has also been active in expanding its retail partnerships, including a new distribution deal with Walmart (NYSE:WMT), which is expected to benefit the consumables segment. However, the accessories division, particularly the MEATER product, continues to face sales challenges despite increased marketing efforts. As Traeger navigates market uncertainties, analysts and investors will be closely monitoring the company’s strategic initiatives and market share gains.
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