Art’s-way Manufacturing Co. Inc (ARTW) Getting Ready To Launch, Waiting For The Long Term Buyers

Art’s-way Manufacturing Co. Inc (NASDAQ:ARTW) at last check was buoying at $2.00 on current market day with a rise of 8.70% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $1.84 and 5Y monthly beta was reading 0.4 with its price kept floating in the range of $1.84 and $2.2 on the day. Considering stock’s 52-week price range provides that ARTW hit a high price of $4.15 and saw its price falling to a low level of $1.33 during that period. Over a period of past 1-month, stock came adding 26.18% in its value.

With its current market valuation of $10.07 million, Art’s-way Manufacturing Co. Inc is set to declare its quarterly results in February. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review ARTW stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the ARTW stock which is currently positioned at 0. It further provides that stock’s current price level is 6.67% away from its 20-day simple moving average and is 14.97% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 52.16 while volatility remained at 17.58% over the past week which changes to 15.57% when measuring it over the past month. Beta is valued at 0.35, while measure of average true range or ATR is currently at 0.34.

Having a second look at Art’s-way Manufacturing Co. Inc (NASDAQ:ARTW) provides that stock’s average daily trading volume for 3 months was 157.76K, while it jumped to 909900 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 5.19 million.

The percentage of outstanding shares held by the insiders is 53.53% while it is 3.24% for the institutional holders. The figures also indicate that as of 2024-12-13, number of stock’s short shares was 8004.0 which implies a short ratio of 0.63. This shows down a 34.00 of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 12054.0 in the previous month. Subtraction of -7.83% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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