Shyft Group Inc (NASDAQ: SHYF) is 5.79% 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 $12.33 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $12.42, the stock is 8.08% and -3.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.73% at the moment leaves the stock -0.88% off its SMA200. SHYF registered 14.89% gain for a year compared to 6-month gain of 6.52%. The firm has a 50-day simple moving average (SMA 50) of $12.813 and a 200-day simple moving average (SMA200) of $12.52995.
The stock witnessed a -11.41% loss in the last 1 month and extending the period to 3 months gives it a -0.16%, and is 20.47% 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 5.20% over the week and 5.76% over the month.
Shyft Group Inc (SHYF) has around 3000 employees, a market worth around $428.42M and $787.08M in sales. Fwd P/E is 16.43. Profit margin for the company is -0.48%. Distance from 52-week low is 26.61% and -29.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.96%).
The EPS is expected to shrink by -19.56% this year.
Shyft Group Inc (SHYF) Top Institutional Holders
209.0 institutions hold shares in Shyft Group Inc (SHYF), with institutional investors hold 98.12% of the company’s shares. The shares outstanding are 34.48M, and float is at 30.97M with Short Float at 1.72%. Institutions hold 89.35% 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’s President 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.
