SYNL Synalloy stock Story

SYNL -  USA Stock  

USD 10.07  0.21  2.04%

As many millenniums are excited about basic materials space, it is only fair to summarize Synalloy against current market trends. As expected, Synalloy is starting to reaffirm its true potential as stakeholders are becoming more and more confident in the future outlook. The returns on the market and returns on Synalloy appear more or less related for the last few months. Sluggish essential indicators of the company may also denote signs of medium-term losses for Synalloy stakeholders. Synalloy is scheduled to announce its earnings today.
Published over six months ago
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Is Synalloy (NASDAQ:SYNL) about to rebound?
Synalloy's average rating is Strong Buy 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 Synalloy market sentiment investors' perception of the future value of Synalloy. Let us look at a few aspects of Synalloy technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Synalloy Cp. In general, we focus on analyzing Synalloy stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Synalloy'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 Synalloy's intrinsic value. In addition to deriving basic predictive indicators for Synalloy, we also check how macroeconomic factors affect Synalloy 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 Synalloy'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 Synalloy 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 Synalloy. Your research has to be compared to or analyzed against Synalloy's peers to derive any actionable benefits. When done correctly, Synalloy'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 Synalloy Cp.

How does SYNL Synalloy Stands against Peers?

Analyzing Synalloy 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 Synalloy 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 Synalloy Competition Details

How SYNL Synalloy utilizes its cash?

To perform a cash flow analysis of Synalloy, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Synalloy is receiving and how much cash it distributes out in a given period. The Synalloy cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Breaking it down a bit more

The entity has a beta of -0.5033. Let's try to break down what Synalloy's beta means in this case. As returns on the market increase, Synalloy returns are expected to increase less than the market. However, during the bear market, the loss on holding Synalloy will be expected to be smaller as well. The beta indicator helps investors understand whether Synalloy moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Synalloy deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The firm reported the previous year's revenue of 282.42 M. Net Loss for the year was (9.98 M) with profit before overhead, payroll, taxes, and interest of 30.77 M.

Synalloy implied volatility may change after the hike

The jensen alpha is down to -0.29 as of today. Synalloy exhibits very low volatility with skewness of 1.24 and kurtosis of 10.68. However, we advise investors to further study Synalloy technical indicators to make sure all market info is available and is reliable.

Our Final Take On Synalloy

While some other companies in the steel industry are either recovering or due for a correction, Synalloy may not be as strong as the others in terms of longer-term growth potentials. The bottom line, as of the 9th of November 2020, our present 30 days Buy-Hold-Sell recommendation on the company is Strong Sell. However, we believe Synalloy is undervalued with close to average odds of distress for the next two years.

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 Synalloy Cp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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