Is Shyft Stock a Good Investment?
Shyft Investment Advice | SHYF |
- Examine Shyft's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Shyft's leadership team and their track record. Good management can help Shyft navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact Shyft's business and its evolving consumer preferences.
- Compare Shyft's performance and market position to its competitors. Analyze how Shyft is positioned in terms of product offerings, innovation, and market share.
- Check if Shyft pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Shyft's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Shyft Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Shyft Group is a good investment.
Sell | Buy |
Strong Buy
Market Performance | OK | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Shyft Stock
Researching Shyft's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 87.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Shyft Group has Price/Earnings To Growth (PEG) ratio of 1.33. The entity last dividend was issued on the 16th of May 2024. The firm had 3:2 split on the 29th of June 2007.
To determine if Shyft is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Shyft's research are outlined below:
| Shyft Group has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 1666 shares by Scott Ocholik of Shyft at 12.42 subject to Rule 16b-3 |
Shyft Quarterly Good Will |
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Shyft uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Shyft Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Shyft's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Shyft's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Shyft's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-02-22 | 2023-12-31 | -0.04 | -0.03 | 0.01 | 25 | ||
2022-04-28 | 2022-03-31 | -0.07 | -0.06 | 0.01 | 14 | ||
2019-05-02 | 2019-03-31 | 0.03 | 0.04 | 0.01 | 33 | ||
2017-08-02 | 2017-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2010-07-23 | 2010-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
2010-02-18 | 2009-12-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2005-10-27 | 2005-09-30 | 0.1 | 0.09 | -0.01 | 10 | ||
2005-07-28 | 2005-06-30 | 0.08 | 0.09 | 0.01 | 12 |
Shyft Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Shyft target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Shyft's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 4 | Buy |
Most Shyft analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Shyft stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Shyft Group, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationShyft Target Price Projection
Shyft's current and average target prices are 12.68 and 18.00, respectively. The current price of Shyft is the price at which Shyft Group is currently trading. On the other hand, Shyft's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Shyft Target Price
Shyft Analyst Ratings
Shyft's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Shyft stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Shyft's financials, market performance, and future outlook by experienced professionals. Shyft's historical ratings below, therefore, can serve as a valuable tool for investors.Know Shyft's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Shyft is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Shyft Group backward and forwards among themselves. Shyft's institutional investor refers to the entity that pools money to purchase Shyft's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2024-03-31 | 603.2 K | Schwerin Boyle Capital Management Inc | 2024-03-31 | 582.7 K | Federated Hermes Inc | 2024-03-31 | 576.7 K | Orchard Capital Management, Llc | 2024-03-31 | 556 K | Pnc Financial Services Group Inc | 2023-12-31 | 535.5 K | First Trust Advisors L.p. | 2024-03-31 | 516.6 K | Arnhold & S. Bleichroeder Advisers, Llc | 2024-03-31 | 473.6 K | Ubs Group Ag | 2024-03-31 | 464.9 K | Centaurus Financial Inc | 2024-03-31 | 446.5 K | Alliancebernstein L.p. | 2024-03-31 | 2.7 M | Blackrock Inc | 2024-03-31 | 2.6 M |
Shyft's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 427.61 M.Market Cap |
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Shyft's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.03 | 0.02 |
Determining Shyft's profitability involves analyzing its financial statements and using various financial metrics to determine if Shyft is a good buy. For example, gross profit margin measures Shyft's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Shyft's profitability and make more informed investment decisions.
The data published in Shyft's official financial statements typically reflect Shyft's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Shyft's quantitative information. For example, before you start analyzing numbers published by Shyft accountants, it’s essential to understand Shyft's liquidity, profitability, and earnings quality within the context of the Machinery space in which it operates.
Please note, the presentation of Shyft's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Shyft's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Shyft's management manipulating its earnings.
Evaluate Shyft's management efficiency
The current Return On Tangible Assets is estimated to decrease to 0.01. The current Return On Capital Employed is estimated to decrease to 0.02. At this time, Shyft's Other Current Assets are most likely to increase significantly in the upcoming years. The Shyft's current Total Current Assets is estimated to increase to about 301.3 M, while Net Tangible Assets are projected to decrease to roughly 153.4 M. Shyft's management efficiency ratios could be used to measure how well Shyft manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 7.26 | 7.63 | |
| Tangible Book Value Per Share | 4.55 | 4.78 | |
| Enterprise Value Over EBITDA | 22.61 | 18.32 | |
| Price Book Value Ratio | 1.68 | 2.74 | |
| Enterprise Value Multiple | 22.61 | 18.32 | |
| Price Fair Value | 1.68 | 2.74 | |
| Enterprise Value | 673.8 M | 707.4 M |
The analysis of Shyft's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Shyft's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Shyft Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0161 | Forward Dividend Yield 0.0161 | Forward Dividend Rate 0.2 | Beta 1.684 |
Basic technical analysis of Shyft Stock
As of the 6th of June, Shyft has the Semi Deviation of 1.9, coefficient of variation of 729.89, and Risk Adjusted Performance of 0.0939. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shyft Group, as well as the relationship between them. Please validate Shyft Group standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Shyft is priced more or less accurately, providing market reflects its prevalent price of 12.68 per share. Given that Shyft Group has jensen alpha of 0.3462, we advise you to double-check Shyft Group's current market performance to make sure the company can sustain itself at a future point.Shyft's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Shyft insiders, such as employees or executives, is commonly permitted as long as it does not rely on Shyft's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Shyft insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Shyft's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Shyft's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.1859 | |||
| Mean Deviation | 1.87 | |||
| Semi Deviation | 1.9 | |||
| Downside Deviation | 2.32 | |||
| Coefficient Of Variation | 729.89 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.25 | |||
| Information Ratio | 0.1276 | |||
| Jensen Alpha | 0.3462 | |||
| Total Risk Alpha | 0.3054 | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | 0.1759 | |||
| Maximum Drawdown | 18.97 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.24 | |||
| Downside Variance | 5.4 | |||
| Semi Variance | 3.62 | |||
| Expected Short fall | (2.09) | |||
| Skewness | 2.06 | |||
| Kurtosis | 10.37 |
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.1859 | |||
| Mean Deviation | 1.87 | |||
| Semi Deviation | 1.9 | |||
| Downside Deviation | 2.32 | |||
| Coefficient Of Variation | 729.89 | |||
| Standard Deviation | 2.87 | |||
| Variance | 8.25 | |||
| Information Ratio | 0.1276 | |||
| Jensen Alpha | 0.3462 | |||
| Total Risk Alpha | 0.3054 | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | 0.1759 | |||
| Maximum Drawdown | 18.97 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.24 | |||
| Downside Variance | 5.4 | |||
| Semi Variance | 3.62 | |||
| Expected Short fall | (2.09) | |||
| Skewness | 2.06 | |||
| Kurtosis | 10.37 |
Consider Shyft's intraday indicators
Shyft intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Shyft stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Shyft Corporate Filings
F4 | 4th of June 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 3rd of June 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify | |
| 3rd of April 2024 Other Reports | ViewVerify |
Shyft Stock media impact
Far too much social signal, news, headlines, and media speculation about Shyft that are available to investors today. That information is available publicly through Shyft media outlets and privately through word of mouth or via Shyft internal channels. However, regardless of the origin, that massive amount of Shyft data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Shyft news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Shyft relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Shyft's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Shyft alpha.
Shyft Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Shyft can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Shyft Group Historical Investor Sentiment
Investor biases related to Shyft's public news can be used to forecast risks associated with an investment in Shyft. The trend in average sentiment can be used to explain how an investor holding Shyft can time the market purely based on public headlines and social activities around Shyft Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Shyft's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Shyft and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Shyft news discussions. The higher the estimate score, the more favorable the investor's outlook on Shyft.
Shyft Corporate Management
| Scott Ocholik | Chief VP | Profile | |
| Samara Hamilton | VP Communications | Profile | |
| Juris Pagrabs | Director Treasurer | Profile | |
| Joshua Sherbin | Chief Secretary | Profile | |
| Thomas Kivell | Consultant | Profile | |
| Carrie Wright | Chief Officer | Profile | |
| Todd Heavin | Chief Officer | Profile |
Additional Information and Resources on Investing in Shyft Stock
When determining whether Shyft Group is a strong investment it is important to analyze Shyft's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shyft. If investors know Shyft will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shyft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Dividend Share 0.2 | Revenue Per Share 23.936 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0013 |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shyft's market value can be influenced by many factors that don't directly affect Shyft's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Shyft's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.