The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Shyft Group Inc (NASDAQ: SHYF) closed the day trading at $10.68 up 1.14% from the previous closing price of $10.56. In other words, the price has increased by $1.14 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
For a better understanding of SHYF, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.76. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.52.
On July 29, 2024, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $12 to $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 ’24 when Dunn John Albert bought 4,545 shares for $11.00 per share. The transaction valued at 49,995 led to the insider holds 35,894 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 1.50.
Stock Price History:
Over the past 52 weeks, SHYF has reached a high of $17.56, while it has fallen to a 52-week low of $9.81. The 50-Day Moving Average of the stock is -10.04%, while the 200-Day Moving Average is calculated to be -15.17%.
Shares Statistics:
A total of 34.92M shares are outstanding, with a floating share count of 31.36M. Insiders hold about 10.21% of the company’s shares, while institutions hold 84.95% stake in the company.
