At the time of writing, Insteel Industries, Inc [IIIN] stock is trading at $30.41, up 13.81%. 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 IIIN shares have gain 15.76% over the last week, with a monthly amount glided 8.72%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Insteel Industries, Inc [NYSE: IIIN] stock has seen the most recent analyst activity on June 10, 2020, when Sidoti downgraded its rating to a Neutral but kept the price target unchanged to $19 for it. Previously, Sidoti upgraded its rating to Buy on March 17, 2020. On January 22, 2020, downgrade downgraded it’s rating to Neutral but maintained its price target of $28 on the stock. Sidoti upgraded its rating to a Buy but stick to its price target of $25 on January 24, 2019. Sidoti downgraded its rating to a Neutral. Sidoti upgraded its rating to Buy for this stock on April 11, 2018, but kept the price target unchanged to $34. In a note dated January 18, 2018, Sidoti downgraded an Neutral rating on this stock.
For the past year, the stock price of Insteel Industries, Inc fluctuated between $22.49 and $34.35. Insteel Industries, Inc [NYSE: IIIN] shares were valued at $30.41 at the most recent close of the market.
Analyzing the IIIN fundamentals
According to Insteel Industries, Inc [NYSE:IIIN], the company’s sales were 570.46M for trailing twelve months, which represents an 26.11% jump. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.08.
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 29.25 points at the first support level, and at 28.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.11, and for the 2nd resistance point, it is at 31.80.
Ratios To Look Out For
It is important to note that Insteel Industries, Inc [NYSE:IIIN] has a current ratio of 3.87. Further, the Quick Ratio stands at 2.11, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 1.04, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 26.46.
Transactions by insiders
Recent insider trading involved Wagner Richard, Senior Vice President and COO, that happened on Dec 19 ’24 when 21.0 shares were purchased. Senior Vice President and COO, Wagner Richard completed a deal on Jan 21 ’25 to sell 13.0 shares.
