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CEA Industries
(NASDAQ:BNC)
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Rating:66Neutral
Price Target:
$2.50
▼(-10.39% Downside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by sharply improved recent financial performance and strong cash generation with very low leverage. However, the technical setup is weak with the stock trading below key longer-term moving averages, and valuation is hard to support given a negative P/E and no dividend yield. Corporate events are mixed—governance/strategy actions are constructive, but legal and leadership transition risks remain.
Positive Factors
Strong cash generation
Operating cash flow far exceeding net income and materially positive free cash flow indicate the business currently converts earnings into cash at a high rate. Durable cash generation supports reinvestment, debt capacity or buybacks and materially reduces reliance on external funding over the next several quarters.
Negative Factors
Operating profitability remains negative
Despite strong gross margins, negative EBITDA shows operating costs or non-cash items still depress core profitability. This weakens the durability of earnings if revenue growth slows and suggests margin expansion is incomplete, leaving downside risk to cash flow sustainability if scale does not persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Operating cash flow far exceeding net income and materially positive free cash flow indicate the business currently converts earnings into cash at a high rate. Durable cash generation supports reinvestment, debt capacity or buybacks and materially reduces reliance on external funding over the next several quarters.
Read all positive factors
CEA Industries (BNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$109.52M
Dividend YieldN/A
Average Volume (3M)705.38K
Price to Earnings (P/E)―
Beta (1Y)-0.49
Revenue Growth946.46%
EPS Growth-11.28%
CountryUS
Employees164
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-5.19
Shares Outstanding41,173,850
10 Day Avg. Volume658,556
30 Day Avg. Volume705,375
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.73
Price to Sales (P/S)2.01
P/FCF Ratio1.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)$37.30M
CEA Industries Business Overview & Revenue Model
Company Description
CEA Industries Inc., a U.S.-based enterprise, specializes in furnishing advanced engineering, design, and technological innovations for the controlled environment agriculture (CEA) sector. Through its subsidiary, Surna Cultivation Technologies LLC...
CEA Industries Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
82
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Jan 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.72M | 132.08M | 2.80M | 6.91M | 11.28M | 13.64M |
| Gross Profit | 118.18M | 115.57M | -219.62K | 542.08K | 1.14M | 2.93M |
| EBITDA | -42.45M | -80.94M | -3.15M | -2.82M | -5.06M | -1.91M |
| Net Income | 115.26M | 170.17M | -3.15M | -2.91M | -5.50M | -1.34M |
Balance Sheet | ||||||
| Total Assets | 337.85M | 436.77M | 10.36M | 13.77M | 21.03M | 5.28M |
| Cash, Cash Equivalents and Short-Term Investments | 3.06M | 11.32M | 9.45M | 12.51M | 18.64M | 2.16M |
| Total Debt | 3.61M | 3.76M | 269.80K | 386.35K | 495.09K | 586.37K |
| Total Liabilities | 33.07M | 71.89M | 1.16M | 1.51M | 6.13M | 4.89M |
| Stockholders Equity | 304.78M | 364.88M | 9.20M | 12.26M | 14.90M | 389.47K |
Cash Flow | ||||||
| Free Cash Flow | 263.27M | 257.05M | -3.06M | -6.13M | -3.22M | -3.28M |
| Operating Cash Flow | 273.92M | 267.69M | -3.06M | -6.13M | -3.19M | -3.21M |
| Investing Cash Flow | -232.85M | -30.45M | 0.00 | 200.00 | -28.10K | -57.16K |
| Financing Cash Flow | 179.32M | 3.91M | 0.00 | 0.00 | 19.70M | 3.14M |
CEA Industries Technical Analysis
Negative
2.79
Price Trends
2.64
Negative
2.80
Negative
4.26
Negative
Market Momentum
-0.03
Positive
41.24
Neutral
12.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNC, the sentiment is Negative. The current price of 2.79 is below the 20-day moving average (MA) of 2.79, above the 50-day MA of 2.64, and below the 200-day MA of 4.26, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 12.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNC.
CEA Industries Risk Analysis
CEA Industries disclosed 58 risk factors in its most recent earnings report. CEA Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CEA Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $109.52M | -0.51 | 39.70% | ― | 946.46% | -11.28% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $268.33M | 26.04 | 14.45% | 0.82% | 19.86% | -49.73% | |
63 Neutral | $490.33M | 67.76 | 3.17% | ― | 2.07% | -38.08% | |
60 Neutral | $326.35M | -21.80 | -10.79% | ― | 13.88% | 34.22% | |
51 Neutral | $396.04M | 104.04 | 2.22% | ― | 7.05% | -67.59% | |
44 Neutral | $30.22M | -0.27 | 1577.14% | ― | -24.31% | -169.16% |
* Industrials Sector Average
BNC
CEA Industries
2.49
-15.28
-85.99%
ESOA
Energy Services of America
15.69
5.77
58.20%
MTRX
Matrix Service Company
12.18
-2.40
-16.46%
ORN
Orion Group Holdings
10.18
2.79
37.75%
BBCP
Concrete Pumping Holdings
9.87
2.67
37.08%
SLND
Southland Holdings
0.60
-3.65
-85.91%
CEA Industries Corporate Events
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
CEA Industries Names Interim Executive Amid Governance Changes
Neutral
Jul 24, 2026
On June 23, 2026, CEA Industries appointed Alex Odagiu as interim president and board member, and on July 20, 2026, the company formalized his role through a consulting agreement with W4 LLC, under which he will provide 32 hours per week of interi...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
CEA Industries Reshapes Board Under YZi Cooperation Pact
Positive
Jun 24, 2026
On June 23, 2026, CEA Industries Inc. and major shareholder YZi Labs entered into a cooperation agreement that ends YZi’s consent solicitation and reshapes the company’s governance. The board expanded to six members, appointing YZi-aff...
Executive/Board Changes
CEA Industries Announces Resignation of Board Director Etten
Negative
Jun 16, 2026
On June 10, 2026, CEA Industries announced that Nicholas J. Etten resigned from its Board of Directors. The company expects Mr. Etten’s resignation to become effective later in June 2026, marking a change in its board composition that may in...
Business Operations and StrategyLegal Proceedings
CEA Industries Challenges Asset Management Agreement in Lawsuit
Negative
May 29, 2026
On May 22, 2026, CEA Industries Inc. filed a lawsuit in the U.S. District Court for the District of Delaware against 10X Capital LLC over an Asset Management Agreement signed on August 5, 2025. The company is seeking to have the agreement declared...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
CEA Industries Announces Leadership Changes and Governance Refresh
Neutral
May 6, 2026
On April 30, 2026, CEA Industries Inc. entered into a master loan agreement with BitGo Prime, enabling the company to borrow digital assets or cash on a secured, overcollateralized basis, subject to financial covenants including minimum net equity...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.