Shyft Group Stock Today
| SHYF Stock | USD 12.52 0.13 1.05% |
Performance6 of 100
| Odds Of DistressLess than 8
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Shyft is trading at 12.52 as of the 5th of May 2024. This is a 1.05% increase since the beginning of the trading day. The stock's lowest day price was 12.19. Shyft has only a 8 % chance of going through financial distress over the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Shyft Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 26th of March 1990 | Category Industrials |
The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan. The company has 34.37 M outstanding shares of which 1.24 M shares are at this time shorted by private and institutional investors with about 4.5 trading days to cover. More on Shyft Group
Moving together with Shyft Stock
| 0.62 | DE | Deere Company Financial Report 17th of May 2024 | PairCorr |
Moving against Shyft Stock
| 0.47 | KUBTY | Kubota Corp ADR Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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Shyft 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. Shyft's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Shyft or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | John Dunn | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Farm & Heavy Construction Machinery, Industrials, NASDAQ Composite, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Shyft report their recommendations after researching Shyft's financial statements, talking to executives and customers, or listening in on Shyft's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Shyft Group. The Shyft consensus assessment is calculated by taking the average forecast from all of the analysts covering Shyft. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Shyft's liquidity, profitability, solvency, and operating efficiency, Shyft Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Shyft Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Shyft's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Shyft'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 Shyft's financial leverage. It provides some insight into what part of Shyft's total assets is financed by creditors.
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Shyft Group (SHYF) is traded on NASDAQ Exchange in USA. It is located in 41280 Bridge Street, Novi, MI, United States, 48375 and employs 2,670 people. Shyft is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 430.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shyft's market, we take the total number of its shares issued and multiply it by Shyft'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. Shyft Group conducts business under Machinery sector and is part of Industrials industry. The entity has 34.37 M outstanding shares of which 1.24 M shares are at this time shorted by private and institutional investors with about 4.5 trading days to cover.
Shyft Group currently holds about 2.86 M in cash with 56.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Check Shyft Probability Of Bankruptcy
Ownership AllocationShyft maintains a total of 34.37 Million outstanding shares. The majority of Shyft Group outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Shyft to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Shyft Group. Please pay attention to any change in the institutional holdings of Shyft Group as this could imply that something significant has changed or is about to change at the company. 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 Shyft Ownership Details
Shyft Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Shyft jumping above the current price in 90 days from now is roughly 2.04%. The Shyft Group probability density function shows the probability of Shyft stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.4415. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Shyft will likely underperform. Additionally, shyft Group has an alpha of 0.0403, implying that it can generate a 0.0403 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Shyft to move above the current price in 90 days from now is roughly 2.04 (This Shyft Group probability density function shows the probability of Shyft Stock to fall within a particular range of prices over 90 days) .
Shyft Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Shyft that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Shyft'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 Shyft's value.| Instituion | Recorded On | Shares | |
| Schwerin Boyle Capital Management Inc | 2023-12-31 | 582.7 K | |
| Orchard Capital Management, Llc | 2023-12-31 | 548.6 K | |
| Pnc Financial Services Group Inc | 2023-12-31 | 535.5 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 514.2 K | |
| Millennium Management Llc | 2023-12-31 | 488.9 K | |
| Citadel Advisors Llc | 2023-09-30 | 467.2 K | |
| Centaurus Financial Inc | 2023-12-31 | 444.7 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 438.1 K | |
| Aqr Capital Management Llc | 2023-12-31 | 425 K | |
| Blackrock Inc | 2023-12-31 | 2.6 M | |
| Alliancebernstein L.p. | 2023-12-31 | 2.2 M |
Shyft Historical Income Statement
Shyft Group Income Statement is one of the three primary financial statements used for reporting Shyft's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Shyft Group revenue and expense. Shyft Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Shyft's Gross Profit is most likely to increase significantly in the upcoming years. The Shyft's current Other Operating Expenses is estimated to increase to about 908.7 M, while Operating Income is projected to decrease to roughly 6.4 M. View More FundamentalsShyft Stock Against Markets
Picking the right benchmark for Shyft 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 Shyft 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 Shyft is critical whether you are bullish or bearish towards Shyft Group at a given time. Please also check how Shyft'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 Shyft 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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Shyft Corporate Management
Elected by the shareholders, the Shyft's board of directors comprises two types of representatives: Shyft inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shyft. The board's role is to monitor Shyft's management team and ensure that shareholders' interests are well served. Shyft's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shyft's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Scott Ocholik | Chief VP | Profile | |
| Samara Hamilton | VP Communications | Profile | |
| Juris Pagrabs | Director Treasurer | Profile | |
| Joshua Sherbin | Chief Secretary | Profile | |
| Thomas Kivell | Consultant | Profile | |
| Carrie Wright | Chief Officer | Profile | |
| Todd Heavin | Chief Officer | Profile |
How to buy Shyft Stock?
Before investing in Shyft, 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 Shyft. To buy Shyft stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Shyft. 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 Shyft stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Shyft Group 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 Shyft Group 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 Shyft Group, 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 Shyft Stock please use our How to Invest in Shyft guide.
Already Invested in Shyft Group?
The danger of trading Shyft Group 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 Shyft 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 Shyft. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shyft Group 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 Shyft Group is a strong investment it is important to analyze Shyft's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Shyft Stock analysis
When running Shyft's price analysis, check to measure Shyft'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 Shyft is operating at the current time. Most of Shyft's value examination focuses on studying past and present price action to predict the probability of Shyft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shyft's price. Additionally, you may evaluate how the addition of Shyft to your portfolios can decrease your overall portfolio volatility.
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Is Shyft'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 Shyft. If investors know Shyft 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 Shyft 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 (0.73) | Dividend Share 0.2 | Revenue Per Share 23.936 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0013 |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft'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 Shyft's market value can be influenced by many factors that don't directly affect Shyft'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 Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft'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.