THE SHYFT GROUP, INC

SHYF
Real-time Estimate Quote. Real-time Estimate  - 04/20 09:54:20 am
38.135USD -0.35%

The Shyft Group, Inc. : Good timing to anticipate a continuation of the trend

04/07/2021 | 10:06am
Tommy Douziech
Junior Analyst

Strategy published on : 04/07/2021 | 10:06

long trade
Live

Entry price : 38.24$
Target : 41.11$
Stop-loss : 36.6$
Potential : 7.51%

Shares in The Shyft Group, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 41.11.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The tendency within the weekly time frame is positive above the technical support level at 27.97 USD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● The company's earnings releases usually do not meet expectations.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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