The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. SpartanNash has an asset utilization ratio of 471.51 percent. This suggests that the company is making $4.72 for each dollar of assets. An increasing asset utilization means that SpartanNash is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of SpartanNash
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as SpartanNash Co, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of SpartanNash based on SpartanNash hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to SpartanNash's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to SpartanNash's related companies.
Use Technical Analysis to project SpartanNash expected Price
SpartanNash technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of SpartanNash technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SpartanNash trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...SpartanNash Gross Profit
SpartanNash Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing SpartanNash previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show SpartanNash Gross Profit growth over the last 10 years. Please check SpartanNash's
gross profit and other
fundamental indicators for more details.
Detailed Perspective On SpartanNash
The company reported the previous year's revenue of 9.04
B. Net Income was 49.03
M with profit before overhead, payroll, taxes, and interest of 1.24
B.
Cost of Revenue Breakdown
SpartanNash Cost of Revenue yearly trend continues to be quite stable with very little volatility. Cost of Revenue may rise above about 2.1
B this year. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. SpartanNash Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 2.08 Billion
| 2010 | 6.54 Billion |
| 2016 | 2.08 Billion |
| 2019 | 1.87 Billion |
| 2020 | 2.08 Billion |
Our perspective of the latest SpartanNash rise
The potential upside is down to 3.52 as of today. As of the 11th of October 2020, SpartanNash has the
risk adjusted performance of
(0.09), and Coefficient Of Variation of
(1,006). In relation to
fundamental indicators, the
technical analysis model makes it possible for you to check existing technical drivers of SpartanNash, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen
technical drivers for SpartanNash, which can be compared to its competition. Please validate
SpartanNash mean deviation,
information ratio, as well as the
relationship between the Information Ratio and
downside variance to decide if SpartanNash is priced more or less accurately, providing market reflects its prevalent price of 21.49 per share. Given that SpartanNash has
jensen alpha of
(0.17), we advise you to double-check SpartanNash's current market performance to make sure the company can sustain itself at a future point.
The Bottom Line
Whereas some companies within the food distribution industry are still a little expensive, even after the recent corrections, SpartanNash may offer a potential longer-term growth to institutional investors. The inconsistency in the assessment between current SpartanNash valuation and our trade advice on SpartanNash is due to the recent market swings and your selection of investing horizon. 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 SpartanNash.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
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 Raphi Shpitalnik do not own shares of SpartanNash Co. Please refer to our
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