The stock of Universal Stainless & Alloy Products, Inc. (USAP) has seen a 9.62% increase in the past week, with a 13.60% gain in the past month, and a 53.27% flourish in the past quarter. The volatility ratio for the week is 6.49%, and the volatility levels for the past 30 days are at 4.97% for USAP. The simple moving average for the past 20 days is 11.33% for USAP’s stock, with a 65.51% simple moving average for the past 200 days.
Is It Worth Investing in Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) Right Now?
The price-to-earnings ratio for Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) is above average at 55.92x. The 36-month beta value for USAP is also noteworthy at 1.02. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for USAP is 8.37M, and at present, short sellers hold a 1.24% of that float. The average trading volume of USAP on May 02, 2024 was 94.30K shares.
USAP) stock’s latest price update
The stock price of Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) has jumped by 11.13 compared to previous close of 26.15. Despite this, the company has seen a gain of 9.62% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-24 that BRIDGEVILLE, Pa., April 24, 2024 (GLOBE NEWSWIRE) — Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024. In conjunction with the earnings release, the Company will host a conference call at 11:00 a.m. (Eastern) on May 1st. The call will be webcast simultaneously for all interested parties.
Analysts’ Opinion of USAP
Many brokerage firms have already submitted their reports for USAP stocks, with KeyBanc Capital Markets repeating the rating for USAP by listing it as a “Overweight.” The predicted price for USAP in the upcoming period, according to KeyBanc Capital Markets is $16 based on the research report published on June 20, 2023 of the previous year 2023.
USAP Trading at 24.08% from the 50-Day Moving Average
After a stumble in the market that brought USAP to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.29% of gains for the given period.
Volatility was left at 4.97%, however, over the last 30 days, the volatility rate increased by 6.49%, as shares surge +9.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.66% upper at present.
During the last 5 trading sessions, USAP rose by +9.62%, which changed the moving average for the period of 200-days by +100.83% in comparison to the 20-day moving average, which settled at $26.23. In addition, Universal Stainless & Alloy Products, Inc. saw 44.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at USAP starting from Bacchus Judith L, who purchase 536 shares at the price of $8.39 back on May 03 ’23. After this action, Bacchus Judith L now owns 19,643 shares of Universal Stainless & Alloy Products, Inc., valued at $4,497 using the latest closing price.
Kornblatt M. David, the Director of Universal Stainless & Alloy Products, Inc., purchase 500 shares at $8.39 during a trade that took place back on May 03 ’23, which means that Kornblatt M. David is holding 40,776 shares at $4,195 based on the most recent closing price.
Stock Fundamentals for USAP
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.16 for the gross margin
The net margin for Universal Stainless & Alloy Products, Inc. stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 2.20, with 1.30 for asset returns.
Based on Universal Stainless & Alloy Products, Inc. (USAP), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 31.06 million with net debt to EBITDA at 2.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 7.15for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.27.
Conclusion
In summary, Universal Stainless & Alloy Products, Inc. (USAP) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
