AstroNova Story

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ALOT -- USA Stock  

USD 10.40  0.58  5.28%

While some baby boomers are getting worried about technology space, it is reasonable to review AstroNova against economic and market trends. As expected, AstroNova is starting to reaffirm its true potential as private investors are becoming more and more confident in the future outlook. The company returns are related to each other to returns on the market. As market swings up or down, the company is expected to follow. The indication of stable basic indicators of the firm implies a short-horizon price swing for private investors of AstroNova. AstroNova is scheduled to announce its earnings today.
Published over three months ago
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Our newest technical analysis of AstroNova (NASDAQ:ALOT)
This firm's average rating is Hold from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on AstroNova market sentiment investors' perception of the future value of AstroNova. Let us look at a few aspects of AstroNova technical analysis. About 61.0% of the company shares are held by institutions such as insurance companies. AstroNova has price-to-book (P/B) ratio of 0.68. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity had 5:4 split on the 3rd of July 2006.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of AstroNova. In general, we focus on analyzing AstroNova stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AstroNova's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of AstroNova's intrinsic value. In addition to deriving basic predictive indicators for AstroNova, we also check how macroeconomic factors affect AstroNova price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AstroNova's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of AstroNova in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AstroNova. Your research has to be compared to or analyzed against AstroNova's peers to derive any actionable benefits. When done correctly, AstroNova's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in AstroNova.

How does AstroNova Stands against Peers?

Analyzing AstroNova competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to AstroNova across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out AstroNova Competition Details

How AstroNova utilizes its cash?

To perform a cash flow analysis of AstroNova, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash AstroNova is receiving and how much cash it distributes out in a given period. The AstroNova cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. AstroNova Net Cash Flow from Operations is comparatively stable at the moment as compared to the past year. AstroNova reported Net Cash Flow from Operations of 3.71 Million in 2020

Closer look at AstroNova Standard Deviation

AstroNova has current Standard Deviation of 4.02. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.

Standard Deviation 
SQRT = Square root notation
V =   Variance of AstroNova returns
Let's now compare AstroNova Standard Deviation to its closest peers:

Our perspective of the newest AstroNova gain

AstroNova sortino ratio is up to 0.0. As of the 9th of September, AstroNova shows the Mean Deviation of 2.63, downside deviation of 3.44, and Risk Adjusted Performance of 0.0172. AstroNova technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for AstroNova, which can be compared to its rivals. Please confirm AstroNova variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if AstroNova is priced correctly, providing market reflects its regular price of 6.93 per share. Given that AstroNova has jensen alpha of (0.001542), we suggest you to validate AstroNova's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Takeaway

Whereas other entities in the computer hardware industry are either recovering or due for a correction, AstroNova may not be performing as strong as the other in terms of long-term growth potentials. While some private investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to AstroNova.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of AstroNova. Please refer to our Terms of Use for any information regarding our disclosure principles.

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