A new trading day began on Friday, with Shyft Group Inc (NASDAQ: SHYF) stock price up 0.16% from the previous day of trading, before settling in for the closing price of $12.82. SHYF’s price has ranged from $9.81 to $17.56 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 11.43% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -23.15%. With a float of $31.06 million, this company’s outstanding shares have now reached $34.30 million.
In an organization with 3000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 17.54%, operating margin of -0.02%, and the pretax margin is -1.07%.
Shyft Group Inc (SHYF) Insider and Institutional Ownership
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 9.88%, while institutional ownership is 86.89%. 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) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
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 25.00% 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 0.56.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.41 million. That was better than the volume of 0.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.59%. Additionally, its Average True Range was 0.52.
During the past 100 days, Shyft Group Inc’s (SHYF) raw stochastic average was set at 38.14%, which indicates a significant decrease from 84.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.39% in the past 14 days, which was lower than the 59.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.82, while its 200-day Moving Average is $12.04. However, in the short run, Shyft Group Inc’s stock first resistance to watch stands at $13.09. Second resistance stands at $13.35. The third major resistance level sits at $13.56. If the price goes on to break the first support level at $12.62, it is likely to go to the next support level at $12.41. The third support level lies at $12.15 if the price breaches the second support level.
Shyft Group Inc (NASDAQ: SHYF) Key Stats
With a market capitalization of 442.47 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.
