After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that The Shyft Group Announces Fourth Quarter and Year-End 2023 Financial Results Conference Call.
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Stocks Info
Shyft Group Inc is listed on the NASDAQ as a member of the Industrials sector and is a part of the Farm & Heavy Construction Machinery industry. The current market capitalization of Shyft Group Inc is $394.33M. A total of 0.39 million shares were traded on the day, compared to an average of 286.44K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SHYF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 19 SELLs from insiders. Insiders purchased 175,716 shares during that period but sold 47,453.
In the most recent transaction, Sherbin Joshua A bought 2,254 shares of SHYF for 11.05 per share on Oct 31. After the transaction, the Chief Legal Officer now owns 39,105 company shares. In a previous transaction on Oct 27, Douyard Jonathan C bought 9,060 shares at 11.10 per share. SHYF shares that Chief Financial Officer owns now total 81,506.
Among the insiders who bought shares, DINKINS MICHAEL acquired of 3,150 shares on Aug 03 at a per-share price of $15.64. This resulted in the Director holding 16,549 shares of SHYF after the transaction. In another insider transaction, PIZZUTO TERRI bought 3,496 shares at $14.31 per share on Aug 01. Company shares held by the Director now total 17,100.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Shyft Group Inc pays an annual dividend of $0.25, resulting in a dividend yield of 2.17%, and it has a price to earnings (P/E) ratio of 14.09. SHYF’s most recent ex-dividend date was 2/15/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 3/18/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/15/2023. The SHYF stock dividend was $0.05 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SHYF in the last 3 months, the mean price target is $13.67 with high estimates of $16.00 and low estimates of $12.00. In terms of 52-week highs and lows, SHYF has a high of $32.74 and a low of $10.39.
As of this writing, SHYF has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.07. The company reported an EPS of $0.25 in the last quarter, which was 19.00% higher than expectations of $0.21.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SHYF’s latest balance sheet shows that the firm has $37.16M in Cash & Short Term Investments as of fiscal 2021. There were $55.18M in debt and $135.84M in liabilities at the time. Its Book Value Per Share was $7.46, while its Total Shareholder’s Equity was $266.86M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SHYF is Buy with a score of 3.50.
