Shyft Group Inc (NASDAQ: SHYF) has a higher price-to-earnings ratio of 61.07x compared to its average ratio, The 36-month beta value for SHYF is at 1.69. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SHYF is 30.99M, and currently, shorts hold a 3.99% of that float. The average trading volume for SHYF on April 26, 2024 was 286.63K shares.
SHYF) stock’s latest price update
Shyft Group Inc (NASDAQ: SHYF)’s stock price has gone rise by 4.56 in comparison to its previous close of 10.74, however, the company has experienced a 9.35% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-20 that The Shyft Group (SHYF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
SHYF’s Market Performance
SHYF’s stock has risen by 9.35% in the past week, with a monthly drop of -6.03% and a quarterly drop of -0.35%. The volatility ratio for the week is 5.23% while the volatility levels for the last 30 days are 4.01% for Shyft Group Inc The simple moving average for the past 20 days is -2.41% for SHYF’s stock, with a -13.98% simple moving average for the past 200 days.
Analysts’ Opinion of SHYF
DA Davidson, on the other hand, stated in their research note that they expect to see SHYF reach a price target of $16, previously predicting the price at $32. The rating they have provided for SHYF stocks is “Neutral” according to the report published on July 28th, 2023.
Craig Hallum gave a rating of “Hold” to SHYF, setting the target price at $16 in the report published on July 27th of the previous year.
SHYF Trading at 0.44% from the 50-Day Moving Average
After a stumble in the market that brought SHYF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.95% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares sank -7.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.75% upper at present.
During the last 5 trading sessions, SHYF rose by +9.35%, which changed the moving average for the period of 200-days by -45.96% in comparison to the 20-day moving average, which settled at $11.46. In addition, Shyft Group Inc saw -8.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHYF starting from Dunn John Albert, who purchase 4,545 shares at the price of $11.00 back on Feb 26 ’24. After this action, Dunn John Albert now owns 35,894 shares of Shyft Group Inc, valued at $49,995 using the latest closing price.
Sherbin Joshua A, the Chief Legal Officer of Shyft Group Inc, purchase 2,254 shares at $11.05 during a trade that took place back on Oct 31 ’23, which means that Sherbin Joshua A is holding 39,105 shares at $24,907 based on the most recent closing price.
Stock Fundamentals for SHYF
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.17 for the gross margin
The net margin for Shyft Group Inc stands at 0.0. The total capital return value is set at 0.0. Equity return is now at value 2.49, with 1.10 for asset returns.
Based on Shyft Group Inc (SHYF), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 0.4.
Currently, EBITDA for the company is 24.18 million with net debt to EBITDA at 8.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 10.49for trailing twelve months and the total asset turnover is 1.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In conclusion, Shyft Group Inc (SHYF) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
