Greenridge Global Weighs in on Staffing 360 Solutions, Inc.’s Q1 2024 Earnings (NASDAQ:STAF)

Staffing 360 Solutions, Inc. (NASDAQ:STAF) – Investment analysts at Greenridge Global dropped their Q1 2024 earnings per share (EPS) estimates for shares of Staffing 360 Solutions in a report released on Tuesday, June 25th. Greenridge Global analyst W. Gregozeski now anticipates that the business services provider will post earnings per share of ($3.30) for the quarter, down from their previous estimate of ($1.60). The consensus estimate for Staffing 360 Solutions’ current full-year earnings is ($2.40) per share. Greenridge Global also issued estimates for Staffing 360 Solutions’ Q2 2024 earnings at ($1.50) EPS, Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at ($2.40) EPS.

Staffing 360 Solutions Stock Down 9.5 %

Shares of STAF opened at $2.10 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.14. The firm has a market cap of $1.34 million, a P/E ratio of -0.02 and a beta of 0.60. The stock’s 50 day moving average is $2.95 and its two-hundred day moving average is $3.26. Staffing 360 Solutions has a 12 month low of $1.91 and a 12 month high of $10.20.

Institutional Investors Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Armistice Capital LLC bought a new position in shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned approximately 6.41% of Staffing 360 Solutions as of its most recent SEC filing. Institutional investors and hedge funds own 15.19% of the company’s stock.

Staffing 360 Solutions Company Profile

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.