Toughbuilt Industries (NASDAQ: TBLT) stock surged by 46% on Friday. The company released a positive news on Thursday, which directly pushed its stock price up. So, is the stock worth buying now?
on Thursday, Toughbuilt announced that it had an increase of 118% to approximately $5.48 million for the first half of 2021 in its gross sales through Amazon.com, compared to approximately $2.51 million in the first half of 2020.
ToughBuilt is an advanced product design, manufacturer and distributor company, currently focused on tools and other accessories for the professional and do-it-yourself construction industries. The significant momentum of its Amazon.com sales reflects the strong market demand for its products.
The company has already achieved an increase of 214% in revenue for the first quarter of 2021, will there be a higher number next quarter? we will wait and see. Anyway, this is a penny stock that investors should consider watching closely.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.