The stock of Superior Industries International, Inc. (NYSE: SUP) has increased by 7.12 when compared to last closing price of 3.51.Despite this, the company has seen a loss of -5.05% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-04 that Superior Industries International, Inc. (NYSE:SUP ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Majdi B. Abulaban – President and Chief Executive Officer Timothy Trenary – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Ward – Freedom Capital Gary Prestopino – Barrington Research Mehmet Dere – Deutsche Bank Operator Welcome to Superior Industries First Quarter 2024 Earnings Call.
Is It Worth Investing in Superior Industries International, Inc. (NYSE: SUP) Right Now?
The 36-month beta value for SUP is also noteworthy at 3.42. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for SUP is 20.96M, and at present, short sellers hold a 0.37% of that float. The average trading volume of SUP on May 10, 2024 was 93.13K shares.
SUP’s Market Performance
SUP’s stock has seen a -5.05% decrease for the week, with a -4.57% drop in the past month and a 17.87% gain in the past quarter. The volatility ratio for the week is 7.58%, and the volatility levels for the past 30 days are at 7.40% for Superior Industries International, Inc. The simple moving average for the past 20 days is -0.53% for SUP’s stock, with a 17.10% simple moving average for the past 200 days.
Analysts’ Opinion of SUP
Many brokerage firms have already submitted their reports for SUP stocks, with B. Riley FBR repeating the rating for SUP by listing it as a “Neutral.” The predicted price for SUP in the upcoming period, according to B. Riley FBR is $1 based on the research report published on March 19, 2020 of the previous year 2020.
Barrington Research gave a rating of “Outperform” to SUP, setting the target price at $7 in the report published on August 12th of the previous year.
SUP Trading at 10.21% from the 50-Day Moving Average
After a stumble in the market that brought SUP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.71% of loss for the given period.
Volatility was left at 7.40%, however, over the last 30 days, the volatility rate increased by 7.58%, as shares sank -5.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.91% upper at present.
During the last 5 trading sessions, SUP fell by -5.05%, which changed the moving average for the period of 200-days by +1.62% in comparison to the 20-day moving average, which settled at $3.77. In addition, Superior Industries International, Inc. saw 17.50% 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 SUP starting from Mill Road Capital III, L.P., who purchase 11,020 shares at the price of $3.56 back on Aug 18 ’23. After this action, Mill Road Capital III, L.P. now owns 4,330,940 shares of Superior Industries International, Inc., valued at $39,283 using the latest closing price.
Mill Road Capital III, L.P., the 10% Owner of Superior Industries International, Inc., purchase 12,322 shares at $3.57 during a trade that took place back on Aug 17 ’23, which means that Mill Road Capital III, L.P. is holding 4,319,920 shares at $44,024 based on the most recent closing price.
Stock Fundamentals for SUP
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.07 for the gross margin
The net margin for Superior Industries International, Inc. stands at -0.09. The total capital return value is set at -0.09. Equity return is now at value -68.98, with -11.05 for asset returns.
Based on Superior Industries International, Inc. (SUP), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 4.63. The interest coverage ratio of the stock is -2.35.
Currently, EBITDA for the company is 105.92 million with net debt to EBITDA at 4.54. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 19.32for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.23.
Conclusion
In summary, Superior Industries International, Inc. (SUP) has had a mixed 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.
