Is Synalloy Stock a Good Investment?
Synalloy Investment Advice | ACNT |
- Examine Synalloy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Synalloy's leadership team and their track record. Good management can help Synalloy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact Synalloy's business and its evolving consumer preferences.
- Compare Synalloy's performance and market position to its competitors. Analyze how Synalloy is positioned in terms of product offerings, innovation, and market share.
- Check if Synalloy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Synalloy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Synalloy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Synalloy is a good investment.
Sell | Buy |
Sell
Market Performance | OK | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Synalloy Stock
Researching Synalloy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 23.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.24. Some equities with similar Price to Book (P/B) outperform the market in the long run. Synalloy recorded a loss per share of 1.87. The entity last dividend was issued on the 29th of November 2018. The firm had 3:2 split on the 13th of June 1995.
To determine if Synalloy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Synalloy's research are outlined below:
| Synalloy had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 193.18 M. Net Loss for the year was (26.63 M) with profit before overhead, payroll, taxes, and interest of 60.77 M. | |
| About 23.0% of the company shares are held by company insiders |
Synalloy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Synalloy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Synalloy's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 29th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Synalloy's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 119.8 M.Synalloy's profitablity analysis
The company has Profit Margin (PM) of (0.07) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average.Determining Synalloy's profitability involves analyzing its financial statements and using various financial metrics to determine if Synalloy is a good buy. For example, gross profit margin measures Synalloy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Synalloy's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Synalloy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Synalloy. Check Synalloy's Beneish M Score to see the likelihood of Synalloy's management manipulating its earnings.
Basic technical analysis of Synalloy Stock
As of the 14th of December 2024, Synalloy has the Risk Adjusted Performance of 0.1054, coefficient of variation of 741.7, and Semi Deviation of 2.12. Synalloy technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.Synalloy's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Synalloy insiders, such as employees or executives, is commonly permitted as long as it does not rely on Synalloy's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Synalloy insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Synalloy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Synalloy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1054 | |||
| Market Risk Adjusted Performance | (0.83) | |||
| Mean Deviation | 1.83 | |||
| Semi Deviation | 2.12 | |||
| Downside Deviation | 2.58 | |||
| Coefficient Of Variation | 741.7 | |||
| Standard Deviation | 3.04 | |||
| Variance | 9.22 | |||
| Information Ratio | 0.1019 | |||
| Jensen Alpha | 0.442 | |||
| Total Risk Alpha | 0.022 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | (0.84) | |||
| Maximum Drawdown | 21.13 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 4.07 | |||
| Downside Variance | 6.66 | |||
| Semi Variance | 4.49 | |||
| Expected Short fall | (2.06) | |||
| Skewness | 1.85 | |||
| Kurtosis | 12.42 |
| Risk Adjusted Performance | 0.1054 | |||
| Market Risk Adjusted Performance | (0.83) | |||
| Mean Deviation | 1.83 | |||
| Semi Deviation | 2.12 | |||
| Downside Deviation | 2.58 | |||
| Coefficient Of Variation | 741.7 | |||
| Standard Deviation | 3.04 | |||
| Variance | 9.22 | |||
| Information Ratio | 0.1019 | |||
| Jensen Alpha | 0.442 | |||
| Total Risk Alpha | 0.022 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | (0.84) | |||
| Maximum Drawdown | 21.13 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 4.07 | |||
| Downside Variance | 6.66 | |||
| Semi Variance | 4.49 | |||
| Expected Short fall | (2.06) | |||
| Skewness | 1.85 | |||
| Kurtosis | 12.42 |
Consider Synalloy's intraday indicators
Synalloy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Synalloy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Synalloy time-series forecasting models is one of many Synalloy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Synalloy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Synalloy Stock media impact
Far too much social signal, news, headlines, and media speculation about Synalloy that are available to investors today. That information is available publicly through Synalloy media outlets and privately through word of mouth or via Synalloy internal channels. However, regardless of the origin, that massive amount of Synalloy data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Synalloy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Synalloy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Synalloy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Synalloy alpha.
Synalloy Corporate Management
| Ryan Kavalauskas | Chief Officer | Profile | |
| Douglas Tackett | Chief Secretary | Profile | |
| Robert Peay | Corporate Secretary | Profile | |
| Anthony Pan | Vice Development | Profile | |
| John Tidlow | Ex Inc | Profile | |
| Timothy Lynch | Ex Products | Profile |
Already Invested in Synalloy?
The danger of trading Synalloy 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 Synalloy 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 Synalloy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Synalloy 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.
Additional Tools for Synalloy Stock Analysis
When running Synalloy's price analysis, check to measure Synalloy'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 Synalloy is operating at the current time. Most of Synalloy's value examination focuses on studying past and present price action to predict the probability of Synalloy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synalloy's price. Additionally, you may evaluate how the addition of Synalloy to your portfolios can decrease your overall portfolio volatility.