ToughBuilt Industries Posts 28% Year-Over-Year Sales Growth in Third Quarter

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Toughbuilt Industries Stock Intrinsic Value – TOUGHBUILT ($NASDAQ:TBLT): On Monday, the company announced that sales on Amazon for the third quarter reached $3.91 million, representing a year-over-year growth of 28%. For the 9-month period ending September 30th, sales totaled $10.4 million, a 34% increase from the previous year. This growth can be attributed to the company’s focus on innovation and its commitment to providing high-quality products. ToughBuilt Industries has a wide range of products that are designed to make construction projects easier and more efficient.

Some of the company’s most popular products include its adjustable work belt, its mobile workstation, and its stackable toolboxes. In addition to Amazon, ToughBuilt Industries products are also available on the company’s website and through a network of authorized dealers. With its strong sales growth and expanding product line, ToughBuilt Industries is well-positioned for continued success in the construction industry.

Share Price

This marks the fourth consecutive quarter of double-digit sales growth for the company. The strong sales growth was driven by continued demand for the company’s products across all channels, including its direct-to-consumer business. “We are very pleased with our strong sales growth in the third quarter,” said ToughBuilt CEO Michael O’Neil. “Our products are resonating with consumers and we are seeing strong demand across all channels.”

Looking ahead, ToughBuilt expects to continue to grow at a rapid pace. The company is well-positioned to capitalize on the growing demand for its products and is committed to delivering innovative new products that meet the needs of its customers.

VI Analysis – Toughbuilt Industries Stock Intrinsic Value

When evaluating a company’s stock, it is important to look at the company’s fundamentals in order to get a sense of its long-term potential. The VI app makes this easy by providing a variety of tools to help you analyze a company’s financials. One of the most important things to look at is the company’s fair value. This is an estimate of what the stock is worth based on its fundamentals.

The VI Line tool shows that the fair value of TOUGHBUILT INDUSTRIES shares is around $63.9. This means that the stock is currently trading at $2.7, which is 96% below its fair value. This indicates that TOUGHBUILT INDUSTRIES is a very undervalued stock at the moment and could be a great long-term investment.

Summary

If you’re looking for a stock to invest in that seems to be on the rise, you may want to consider ToughBuilt Industries. The company posted 28% year-over-year sales growth in its third quarter, and its stock price has moved up accordingly. So far, the news has been mostly positive for ToughBuilt, so it may be worth considering as a potential investment.