Momentum Is Strong For Shyft Group Inc (NASDAQ: SHYF)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Farm & Heavy Construction Machinery industry segment, falling under the Industrials sector. The current market capitalization of Shyft Group Inc is $570.31M. A total of 0.73 million shares were traded on the day, compared to an average of 361.80K shares.

In the most recent transaction, Dunn John Albert bought 4,545 shares of SHYF for 11.00 per share on Feb 26 ’24. After the transaction, the President and CEO now owns 35,894 company shares. In a previous transaction on Oct 31 ’23, Sherbin Joshua A bought 2,254 shares at 11.05 per share. SHYF shares that Chief Legal Officer owns now total 39,105.

Among the insiders who bought shares, Douyard Jonathan C acquired of 9,060 shares on Oct 27 ’23 at a per-share price of $11.10. This resulted in the Chief Financial Officer holding 81,506 shares of SHYF after the transaction. In another insider transaction, DINKINS MICHAEL bought 3,150 shares at $15.64 per share on Aug 03 ’23. Company shares held by the Director now total 16,549.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. SHYF’s most recent ex-dividend date was 5/16/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 6/17/2024. Previously, the company paid the dividend on 3/18/2024 with an ex-dividend date of 2/15/2024. The SHYF stock dividend was $0.05 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SHYF has a high of $16.49 and a low of $9.81.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SHYF’s latest balance sheet shows that the firm has $37.16M in Cash & Short Term Investments as of fiscal 2021. There were $55.18M in debt and $135.84M in liabilities at the time. Its Book Value Per Share was $7.23, while its Total Shareholder’s Equity was $266.86M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SHYF is Buy with a score of 3.50.

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