Shiloh Industries, Inc. (NASDAQ:SHLO) traded at $0.99 at last check on Monday, Jun 29, making a downturn move of -2.48% on its previous day’s price.
Looking at the stock we see that its previous close was $1.01 and the beta (5Y monthly) reads 1.83 with the day’s price range being $0.8100 – 1.0500. In terms of its 52-week price range, SHLO has a high of $5.5 and a low of $0.75. The company’s stock has gained about -17.23% over that past 30 days.
On the other hand, looking at the outlook for the SHLO stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Shiloh (SHLO) stock to its peers. We find that today’s price change of -2.48% and -79.77% over the past 12 months for SHLO competes that of Posco ADR (PKX), which has seen its stock price fall -0.69% in the latest trading session and is -29.93% over the last one year. Another of its peers Nucor Corp (NUE) has climbed 0.74% today, but is -25.77% down over the past year, while Arcelormittal (MT) is also down -2.48% yet its price remains in the red at -79.77% over the same period. Posco has a P/E ratio of 9.66 compared to Shiloh’s 0 and Nucor’s 15.88. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Shiloh Industries, Inc. (NASDAQ:SHLO), we note that the average 3-month trading volume was 489.3 Million, while that of the preceding 10-day period stands at 504.97 Million. Current shares outstanding are 24.21 Million.
According to data from Thomson Reuters, insiders hold 35.47% of the company’s shares while institutions hold 40.81%. The data shows that short shares as of June 14, 2020, stood at 119.14 Million at a short ratio of 0.14. This represents a 0.49% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 185.66 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -72.33% down in year-to-date price movement.