Shyft Group Inc [SHYF] stock is trading at $14.02, up 10.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SHYF shares have gain 8.18% over the last week, with a monthly amount drifted -0.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Shyft Group Inc [NASDAQ: SHYF] stock has seen the most recent analyst activity on July 29, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $18 from $12. Previously, BTIG Research downgraded its rating to Neutral on October 27, 2023. On July 28, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $16 on the stock. Craig Hallum downgraded its rating to a Hold but stick to its price target of $16 on July 27, 2023. BTIG Research initiated its recommendation with a Buy and recommended $40 as its price target on January 19, 2023. DA Davidson upgraded its rating to Buy for this stock on July 13, 2022, and upped its price target to $38. In a note dated April 06, 2022, DA Davidson downgraded an Neutral rating on this stock.
Shyft Group Inc [SHYF] stock has fluctuated between $9.81 and $17.56 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Shyft Group Inc [NASDAQ: SHYF] shares were valued at $14.02 at the most recent close of the market. An investor can expect a potential return of 149.64% based on the average SHYF price forecast.
Analyzing the SHYF fundamentals
Shyft Group Inc [NASDAQ:SHYF] reported sales of 787.08M for the trailing twelve months, which represents a drop of -3.60%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.66 points at the first support level, and at 11.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.33, and for the 2nd resistance point, it is at 16.64.
Ratios To Look Out For
For context, Shyft Group Inc’s Current Ratio is 1.82. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 1.91.
Transactions by insiders
Recent insider trading involved Dunn John Albert, President and CEO, that happened on Feb 26 ’24 when 4545.0 shares were purchased.
