The share price of The Shyft Group Inc. (NASDAQ:SHYF) rose to $14.57 per share on Tuesday from $14.43. While The Shyft Group Inc. has overperformed by 0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SHYF fell by -43.83%, with highs and lows ranging from $34.10 to $12.91, whereas the simple moving average fell by -40.74% in the last 200 days.
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On July 28, 2023, DA Davidson Downgraded The Shyft Group Inc. (NASDAQ: SHYF) to Neutral.
Analysis of The Shyft Group Inc. (SHYF)
A return on investment can be expected regardless of SHYF’s performance over the next quarter with the dividend set at $0.20 per share. Further, the quarter-over-quarter increase in sales is 17.60%, showing a positive trend in the upcoming months.
To gain a thorough understanding of The Shyft Group Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 14.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SHYF is recording an average volume of 319.11K. On a monthly basis, the volatility of the stock is set at 5.37%, whereas on a weekly basis, it is put at 11.18%, with a loss of -30.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.80, showing growth from the present price of $14.57, which can serve as yet another indication of whether SHYF is worth investing in or should be passed over.
How Do You Analyze The Shyft Group Inc. Shares?
A leading company in the Farm & Heavy Construction Machinery sector, The Shyft Group Inc. (SHYF) is based in the USA. When comparing The Shyft Group Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.25, there is a growth in quarterly earnings of 144.10%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SHYF shares?
The recent increase in stakes in SHYF appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in SHYF has decreased by -1.59% in the first quarter. The company now owns 2,081,450 shares of the stock, with a value of $45.92 million, following the sale of -33,565 additional shares during the last quarter. AllianceBernstein LP made another decreased to its shares in SHYF during the first quarter, downing its stake by -13.19%. During the last quarter, the company picked up -271,940 additional shares for a total stake of worth $39.5 million, bringing number of shares owned by the company to 1,790,398.
During the first quarter, The Vanguard Group, Inc. added a 43,377 position in SHYF. GW&K Investment Management LLC purchased an additional 33737.0 shares in the last quarter, increasing its holdings by 2.25%, now holding 1.53 million shares worth $33.77 million. At the end of the first quarter, Driehaus Capital Management LLC increased its SHYF holdings by 23.00% and now holds 1.24 million SHYF shares valued at $27.25 million with the added 0.23 million shares during the period. SHYF shares are owned by institutional investors to the tune of 87.00% at present.
