A new trading day began on Monday, with Shyft Group Inc (NASDAQ: SHYF) stock price up 18.20% from the previous day of trading, before settling in for the closing price of $13.79. SHYF’s price has ranged from $9.81 to $16.49 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 11.43% over the last five years. Meanwhile, its annual earnings per share averaged -23.15%. With a float of $31.05 million, this company’s outstanding shares have now reached $34.30 million.
The firm has a total of 3000 workers. Let’s measure their productivity.
Shyft Group Inc (SHYF) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm & Heavy Construction Machinery Industry. The insider ownership of Shyft Group Inc is 9.91%, while institutional ownership is 85.19%. The most recent insider transaction that took place on Feb 26 ’24, was worth 49,995. In this transaction President and CEO of this company bought 4,545 shares at a rate of $11.00, taking the stock ownership to the 35,894 shares. Before that another transaction happened on Oct 31 ’23, when Company’s Chief Legal Officer bought 2,254 for $11.05, making the entire transaction worth $24,907. This insider now owns 39,105 shares in total.
Shyft Group Inc (SHYF) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -23.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -15.27% drop over the previous five years of trading.
Shyft Group Inc (NASDAQ: SHYF) Trading Performance Indicators
Here are Shyft Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.07, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of Shyft Group Inc (SHYF)
Analysing the last 5-days average volume posted by the [Shyft Group Inc, SHYF], we can find that recorded value of 0.48 million was better than the volume posted last year of 0.32 million. As of the previous 9 days, the stock’s Stochastic %D was 92.15%. Additionally, its Average True Range was 0.83.
During the past 100 days, Shyft Group Inc’s (SHYF) raw stochastic average was set at 99.84%, which indicates a significant increase from 99.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.40% in the past 14 days, which was higher than the 59.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.12, while its 200-day Moving Average is $11.69. Now, the first resistance to watch is $16.95. This is followed by the second major resistance level at $17.61. The third major resistance level sits at $18.90. If the price goes on to break the first support level at $15.00, it is likely to go to the next support level at $13.71. Should the price break the second support level, the third support level stands at $13.05.
Shyft Group Inc (NASDAQ: SHYF) Key Stats
With a market capitalization of 561.70 million, the company has a total of 34,374K Shares Outstanding. Currently, annual sales are 872,200 K while annual income is 6,500 K. The company’s previous quarter sales were 192,780 K while its latest quarter income was 2,160 K.
