Ls Starrett Stock Today
| SCX Stock | USD 16.01 0.01 0.06% |
Performance6 of 100
| Odds Of DistressLess than 3
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LS Starrett is trading at 16.01 as of the 18th of April 2024; that is 0.06 percent up since the beginning of the trading day. The stock's open price was 16.0. LS Starrett has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for LS Starrett are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 30th of December 1987 | Category Industrials |
Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company has 6.98 M outstanding shares of which 30.63 K shares are at this time shorted by investors with about 0.25 days to cover. More on LS Starrett
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Follow Valuation Profit Patterns Odds of Bankruptcy
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SCX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. LS Starrett's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding LS Starrett or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Douglas Starrett | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 7 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Tools & Accessories, Industrials, NYSE Composite, Office Supplies, Housewares, Farming, Heavy Metals, Plastics, Furniture, Construction Materials, Industrials, Machinery, Tools & Accessories, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering LS Starrett report their recommendations after researching LS Starrett's financial statements, talking to executives and customers, or listening in on LS Starrett's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering LS Starrett. The SCX consensus assessment is calculated by taking the average forecast from all of the analysts covering LS Starrett. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to LS Starrett's liquidity, profitability, solvency, and operating efficiency, LS Starrett is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of LS Starrett is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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LS Starrett's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to LS Starrett's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand LS Starrett's financial leverage. It provides some insight into what part of LS Starrett's total assets is financed by creditors.
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LS Starrett (SCX) is traded on New York Stock Exchange in USA. It is located in 121 Crescent Street, Athol, MA, United States, 01331-1915 and employs 1,529 people. LS Starrett is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 111.78 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate LS Starrett's market, we take the total number of its shares issued and multiply it by LS Starrett's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. LS Starrett runs under Machinery sector within Industrials industry. The entity has 6.98 M outstanding shares of which 30.63 K shares are at this time shorted by investors with about 0.25 days to cover.
LS Starrett has about 14.52 M in cash with 25.08 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.99.
Check LS Starrett Probability Of Bankruptcy
Ownership AllocationLS Starrett shows a total of 6.98 Million outstanding shares. 30% of LS Starrett outstanding shares are owned by institutions. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Hence, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check SCX Ownership Details
SCX Stock Price Odds Analysis
Based on a normal probability distribution, the odds of LS Starrett jumping above the current price in 90 days from now is about 14.21%. The LS Starrett probability density function shows the probability of LS Starrett stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon LS Starrett has a beta of 0.3095. This usually implies as returns on the market go up, LS Starrett average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LS Starrett will be expected to be much smaller as well. Additionally, lS Starrett has an alpha of 0.5865, implying that it can generate a 0.59 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of LS Starrett to move above the current price in 90 days from now is about 14.21 (This LS Starrett probability density function shows the probability of SCX Stock to fall within a particular range of prices over 90 days) .
SCX Stock Institutional Holders
Institutional Holdings refers to the ownership stake in LS Starrett that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of LS Starrett's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing LS Starrett's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 64.3 K | |
| Wealth Enhancement Advisory Services, Llc | 2023-12-31 | 56.4 K | |
| Blackrock Inc | 2023-12-31 | 38.2 K | |
| Royal Bank Of Canada | 2023-12-31 | 28.7 K | |
| Citadel Advisors Llc | 2023-09-30 | 26.3 K | |
| Northern Trust Corp | 2023-12-31 | 21.3 K | |
| O'shaughnessy Asset Management Llc | 2023-12-31 | 20.6 K | |
| Acadian Asset Management Llc | 2023-12-31 | 17.4 K | |
| Victory Capital Management Inc. | 2023-12-31 | 9.4 K | |
| Gamco Investors, Inc. Et Al | 2023-12-31 | 515.6 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 394.4 K |
LS Starrett Historical Income Statement
LS Starrett Income Statement is one of the three primary financial statements used for reporting SCX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of LS Starrett revenue and expense. LS Starrett Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, LS Starrett's Depreciation And Amortization is fairly stable compared to the past year. EBIT is likely to rise to about 27.3 M in 2024, whereas Interest Expense is likely to drop slightly above 1.2 M in 2024. View More FundamentalsSCX Stock Against Markets
Picking the right benchmark for LS Starrett stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in LS Starrett stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for LS Starrett is critical whether you are bullish or bearish towards LS Starrett at a given time. Please also check how LS Starrett's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in LS Starrett without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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LS Starrett Corporate Directors
LS Starrett corporate directors refer to members of a LS Starrett board of directors. The board of directors generally takes responsibility for the LS Starrett's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of LS Starrett's board members must vote for the resolution. The LS Starrett board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Terry Piper | Independent Director | Profile | |
| Stephen Walsh | Sr. VP of Operations, Director and Member of Executive Committee | Profile | |
| Thomas Riordan | Lead Independent Director | Profile | |
| Russell Carreker | Independent Director | Profile |
How to buy SCX Stock?
Before investing in LS Starrett, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in LS Starrett. To buy LS Starrett stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of LS Starrett. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase LS Starrett stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located LS Starrett stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased LS Starrett stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as LS Starrett, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy SCX Stock please use our How to Invest in LS Starrett guide.
Already Invested in LS Starrett?
The danger of trading LS Starrett is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of LS Starrett is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than LS Starrett. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile LS Starrett is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether LS Starrett offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LS Starrett's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ls Starrett Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ls Starrett Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in LS Starrett. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy SCX Stock please use our How to Invest in LS Starrett guide.Note that the LS Starrett information on this page should be used as a complementary analysis to other LS Starrett's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for SCX Stock analysis
When running LS Starrett's price analysis, check to measure LS Starrett's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LS Starrett is operating at the current time. Most of LS Starrett's value examination focuses on studying past and present price action to predict the probability of LS Starrett's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LS Starrett's price. Additionally, you may evaluate how the addition of LS Starrett to your portfolios can decrease your overall portfolio volatility.
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Is LS Starrett's industry 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 LS Starrett. If investors know SCX 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 LS Starrett 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 (0.07) | Earnings Share 2.57 | Revenue Per Share 33.787 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0792 |
The market value of LS Starrett is measured differently than its book value, which is the value of SCX that is recorded on the company's balance sheet. Investors also form their own opinion of LS Starrett's value that differs from its market value or its book value, called intrinsic value, which is LS Starrett'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 LS Starrett's market value can be influenced by many factors that don't directly affect LS Starrett's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LS Starrett's value and its price as these two are different measures arrived at by different means. Investors typically determine if LS Starrett is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LS Starrett'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.