Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Stoneridge Inc (NYSE: SRI) was $6.07 for the day, up 6.68% from the previous closing price of $5.69. In other words, the price has increased by $6.68 from its previous closing price. On the day, 0.83 million shares were traded. SRI stock price reached its highest trading level at $6.105 during the session, while it also had its lowest trading level at $5.575.
Ratios:
Our analysis of SRI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.75.
Barrington Research Upgraded its Mkt Perform to Outperform on March 02, 2021, while the target price for the stock was maintained at $45.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 07 ’24 when Zizelman James bought 6,500 shares for $15.72 per share. The transaction valued at 102,180 led to the insider holds 6,500 shares of the business.
Kased Rajaey sold 1,032 shares of SRI for $17,389 on Mar 08 ’24. The President Control Devices now owns 5,763 shares after completing the transaction at $16.85 per share. On Mar 06 ’24, another insider, Korth Kim, who serves as the Director of the company, sold 7,745 shares for $16.49 each. As a result, the insider received 127,715 and left with 73,227 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SRI now has a Market Capitalization of 168066768 and an Enterprise Value of 306948128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.334 whereas that against EBITDA is 6.568.
Stock Price History:
Over the past 52 weeks, SRI has reached a high of $19.91, while it has fallen to a 52-week low of $5.52. The 50-Day Moving Average of the stock is -18.15%, while the 200-Day Moving Average is calculated to be -53.70%.
Shares Statistics:
SRI traded an average of 327.90K shares per day over the past three months and 401470 shares per day over the past ten days. A total of 27.69M shares are outstanding, with a floating share count of 26.99M. Insiders hold about 2.53% of the company’s shares, while institutions hold 96.40% stake in the company. Shares short for SRI as of 1732838400 were 252067 with a Short Ratio of 0.77, compared to 1730332800 on 304858. Therefore, it implies a Short% of Shares Outstanding of 252067 and a Short% of Float of 1.05.
