Shyft Group Inc (NASDAQ: SHYF) is 16.12% higher on its value in year-to-date trading and has touched a low of $9.81 and a high of $17.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHYF stock was last observed hovering at around $14.14 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $14.19, the stock is 4.06% and 11.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.35% at the moment leaves the stock 19.17% off its SMA200. SHYF registered -10.30% loss for a year compared to 6-month gain of 35.92%.
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The stock witnessed a -7.13% loss in the last 1 month and extending the period to 3 months gives it a 12.00%, and is 0.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 4.55% over the month.
Shyft Group Inc (SHYF) has around 3000 employees, a market worth around $488.99M and $794.33M in sales. Fwd P/E is 17.15. Profit margin for the company is -0.30%. Distance from 52-week low is 44.65% and -19.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.69%).
The EPS is expected to shrink by -23.15% this year.
Shyft Group Inc (SHYF) Top Institutional Holders
210.0 institutions hold shares in Shyft Group Inc (SHYF), with institutional investors hold 98.03% of the company’s shares. The shares outstanding are 34.30M, and float is at 31.06M with Short Float at 3.20%. Institutions hold 88.75% of the Float.
The top institutional shareholder in the company is PZENA INVESTMENT MANAGEMENT LLC with over 3.24 million shares valued at $38.47 million. The investor’s holdings represent 9.452% of the SHYF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.73 million shares valued at $$32.44 million to account for 7.9689 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.74 million shares representing 5.0844% and valued at over $20.69 million, while ALLIANCEBERNSTEIN L.P. holds 5.0115 of the shares totaling 1.72 million with a market value of $20.4 million.
Shyft Group Inc (SHYF) Insider Activity
The most recent transaction is an insider purchase by Dunn John Albert,the company’sPresident and CEO. SEC filings show that Dunn John Albert bought 4,545 shares of the company’s common stock on Feb 26 ’24 at a price of $11.00 per share for a total of $49995.0. Following the purchase, the insider now owns 35894.0 shares.
Shyft Group Inc disclosed in a document filed with the SEC on Oct 31 ’23 that Sherbin Joshua A (Chief Legal Officer) bought a total of 2,254 shares of the company’s common stock. The trade occurred on Oct 31 ’23 and was made at $11.05 per share for $24907.0. Following the transaction, the insider now directly holds 39105.0 shares of the SHYF stock.
Still, SEC filings show that on Oct 27 ’23, Douyard Jonathan C (Chief Financial Officer) acquired 9,060 shares at an average price of $11.10 for $0.1 million. The insider now directly holds 81,506 shares of Shyft Group Inc (SHYF).
