The trading price of Art’s-way Manufacturing Co. Inc (NASDAQ:ARTW) floating higher at last check on current market day and closing at $3.51, 43.85% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.9 and $3.83. In examining the 52-week price action we see that the stock hit a 52-week high of $2.55 and a 52-week low of $1.33. Over the past month, the stock has gained 111.45% in value.
Art’s-way Manufacturing Co. Inc, whose market valuation is $21.66 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest ARTW has a 50% 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 25% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that ARTW’s price is currently 103.10% off the SMA20 and 109.10% off the SMA50. The RSI metric on the 14-day chart is currently showing 92.00, and weekly volatility stands at 18.53%. When measured over the past 30 days, the indicator reaches 7.16%. Art’s-way Manufacturing Co. Inc (NASDAQ:ARTW)’s beta value is currently sitting at 0.35, while the Average True Range indicator is currently displaying 0.24.
To see how Art’s-way Manufacturing Co. Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ARTW stock’s performance was 43.85% at last check in today’s session, and 67.14% in the past year.
An evaluation of the daily trading volume of Art’s-way Manufacturing Co. Inc (NASDAQ:ARTW) indicates that the 3-month average is 48.76K. However, this figure has increased over the past 10 days to an average of 0.2.
Currently, records show that 5.19 million of the company’s shares remain outstanding. The insiders hold 53.53% of outstanding shares, whereasinstitutions hold 3.24%. The stats also highlight that short interest as of 2024-12-13, stood at 8004.0 shares, resulting in a short ratio of 0.63 at that time. From this, we can conclude that short interest is 34.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 12054.0. However, since the stock’s price has seen 69.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
