The trading price of Sypris Solutions, Inc. (NASDAQ:SYPR) closed lower on Monday, Feb 22, closing at $3.48, -8.05% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.1300 and $3.4352. The company’s P/E ratio in the trailing 12-month period was 34.04, while its 5Y monthly beta was 1.6. In examining the 52-week price action we see that the stock hit a 52-week high of $3.9 and a 52-week low of $0.54. Over the past month, the stock has gained 38.53% in value.
Analysts have forecast the company to bring in revenue of $20.7 Million for the quarter, with the likely lows of $20.7 Million and highs of $20.7 Million. The average estimate suggests sales will likely up by 5.8% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $82.2 Million. The company’s revenue is forecast to drop by -6.5% over what it did in 2020.
On the technical side, indicators suggest SYPR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SYPR a recommendation rating is 1. Out of them, 1 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Sypris Solutions, Inc. (SYPR) as Underperform, while not any of them advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.26, which symbolizes a positive outlook. A quick review shows that SYPR’s price is currently 12.03% off the SMA20 and 54.65% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.32, and weekly volatility stands at 12.78%. When measured over the past 30 days, the indicator reaches 15.9%. Sypris Solutions, Inc. (NASDAQ:SYPR)’s beta value is currently sitting at 1.6, while the Average True Range indicator is currently displaying 0.4. With analysts defining $1.25-$1.25 as the low and high price targets, we arrive at a consensus price target of $1.25 for the trailing 12-month period. The current price is about -60.94% off the estimated low and -60.94% off the forecast high, based on this estimate. Investors will be thrilled if SYPR’s share price rises to $1.25, which is the median consensus price. At that level, SYPR’s share price would be -60.94% above current price.
To see how Sypris Solutions, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SYPR stock’s performance was -8.05% in the latest trading, and +223.07% in the past year, while Jack Henry & Assoc (JKHY) has traded +1.31% on the day and positioned -10.61% lower than it was a year ago. Another comparable company Blink Charging Company (BLNK) saw its stock close -8.15% lower in the most recent trading session but was up +1303.99% in a year. Furthermore, Ies Holdings (IESC) showed a decline of -8.05% on the day while its price kept rising at 223.07% over the past year. Sypris Solutions, Inc. has a P/E ratio of 34.04, compared to Jack Henry & Assoc’s 39.28 and Blink Charging Company’s 0. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
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An evaluation of the daily trading volume of Sypris Solutions, Inc. (NASDAQ:SYPR) indicates that the 3-month average is 550.92 Million. However, this figure has increased over the past 10 days to an average of 992.9 Million.
Currently, records show that 21.32 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 49.18% of outstanding shares, whereas institutions hold 6.34%. The stats also highlight that short interest as of January 28, 2021, stood at 19.98 Million shares, resulting in a short ratio of 0.03 at that time. From this, we can conclude that short interest is 0.09% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 7.58 Million. However, since the stock’s price has seen +110.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.