Should you continue to rely on Haynes International (USA Stocks:HAYN) management?

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HAYN Stock  USD 49.15  0.87  1.80%   
Rifka Kats
By Rifka Kats
Macroaxis Story
Haynes International Enterprise Value is quite stable at the moment as compared to the past year. The company's current Enterprise Value is estimated at 378.09 Million. Invested Capital is expected to rise to about 407.1 M this year, although the value of Earnings before Tax will most likely fall to (9 M). This short post will outline Haynes International as a possible investment alternative for your portfolios. We will provide a perspective on Haynes International future direction.
Published over a month ago
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Reviewed by Raphi Shpitalnik

Over 97.0% of Haynes International shares are owned by institutional investors. Institutional ownership of Haynes International refers to the amount of Haynes International equity owned by mutual funds, pension funds, insurance companies, investment firms, foundations, or other large entities that manage money on behalf of others. Check out our latest analysis of Haynes, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Haynes International. Regardless of method or technology, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Haynes International

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Haynes International's 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 Haynes International in the context of predictive analytics.
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1 Analysts
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Haynes International. Your research has to be compared to or analyzed against Haynes International's peers to derive any actionable benefits. When done correctly, Haynes International'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 Haynes International.

How important is Haynes International's Liquidity

Haynes International financial leverage refers to using borrowed capital as a funding source to finance Haynes International ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Haynes International financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Haynes International's total debt and its cash.

How does Haynes utilize its cash?

To perform a cash flow analysis of Haynes International, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Haynes International is receiving and how much cash it distributes out in a given period. The Haynes International cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Haynes International Net Cash Flow from Operations is very stable at the moment as compared to the past year. Haynes International reported last year Net Cash Flow from Operations of (71.53 Million)

Exercise or conversion by Van Bibber David Sean of 4100 shares of Haynes International subject to Rule 16b-3

Legal trades by Haynes International insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Haynes insider trading alert for exercise of common stock by Van Bibber David Sean, CONTROLLER CHIEF ACCTNG OFICR, on 15th of February 2023. This event was filed by Haynes International Inc with SEC on 2023-02-15. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Details

The latest bullish price patterns experienced by current Haynes International shareholders may raise some interest from institutional investors. The stock closed today at a share price of 55.95 on very low momentum in trading volume. The company directors and management have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in January. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.77. The current volatility is consistent with the ongoing market swings in January 2023 as well as with Haynes International unsystematic, company-specific events.

Margin Breakdown

11.41
Profit Margin
14.02
Operating Margin
19.82
EBITDA Margin
Operating Margin14.02
EBITDA Margin19.82
Gross Margin21.39
Profit Margin11.41

Possible March recoup of Haynes?

Haynes International latest kurtosis surges over 0.75. Haynes International shows above-average downside volatility for the selected time horizon. We advise investors to inspect Haynes International further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Haynes International future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Haynes International's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Haynes International's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Haynes International

Whereas other entities within the metal fabrication industry are still a little expensive, even after the recent corrections, Haynes International may offer a potential longer-term growth to institutional investors. To sum up, as of the 2nd of February 2023, our current 90 days buy-hold-sell recommendation on the company is Cautious Hold. We believe Haynes International is overvalued with low chance of distress for the next two years.

Editorial Staff

Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce. View Profile
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 Rifka Kats do not own shares of Haynes International. Please refer to our Terms of Use for any information regarding our disclosure principles.

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