Sypris Solutions, Inc. (NASDAQ:SYPR) is trending higher in the market today as the company shares are trading 4.2% or 0.04 points down from last closing price of $0.95, reaching $0.9101 at last check. Any clue why there is so much of action in the SYPR stock? The share price has dropped in 1 of the last 5 days and is down -13.64% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 119,389 shares, and in total 141989 shares valued at $129224 were seen changing hands compared with 22600 shares valued at $21470 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the SYPR stock.
Sypris Solutions, Inc. (SYPR) shares have notched a 3-month decline of about -13.64%, but has still advanced 21.79% year to date. By comparison, the stock sank -33.63% over the past 12 months, while it slipped -15.18% over the 1 month. The company’s market cap is around $20.01M, with its short interest ratio standing at 0.36%.
In the current trading session for SYPR, the stock witnessed two major price actions, it rose to a high of $0.95 and was down as much as $0.8998 at one point. The high recorded is very low when compared to their 52-week high which is $0.71. The 52-week high is now at -49.99 distance from current price. Their recent low of $1.82 represents a 29.06% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SYPR is $1.25, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Sypris Solutions, Inc. earned $-0.17 per share in the trailing 12 months and has a P/E ratio of -5.35. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 13.92 and lower compared to the sector’s average of 18.88. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SYPR also has P/S multiple of 0.22. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.5x.
The company recorded an interesting insider purchase transaction by the Director on May 24, 2018. A Securities and Exchanges Commission filings show that Gary L Convis bought a total of 68,000 SYPR shares that day for a sum of around $122,400. The filings show that the insider stake has now grown to 300,000 shares, currently worth $273,030. Sypris Solutions, Inc. (SYPR) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 30,568 shares. In total, individual insiders traded 30,568 shares in the business, which makes up 29.366% of 104,092 shares that were traded over a year. In the past 12 months, insiders have purchased 68,000 shares while the seller parted with 36,092 shares.
SYPR‘s last price was down -24.44% as compared to the average trading price of 50 days recorded at $1.2 while enlarging the period to 200 trading days, the average closing price was $1.04. At present, there are 21.06 million in the total number of common shares owned by the public and among those 11.3 million shares have been available to trade. The percentage of shares being held by the company management was 18% while institutions stake was 10.5%. The company has generated negative returns on equity over the last 12 months (-22.8%). It managed to keep its gross profit margin at 8.6% over the past 12 months.
When assessing the full upside of the SYPR stock, there is another set of technicals that should be looked into and considered. Its -7.74% decline from moving average of $0.99 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.85 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 19.7%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 8%. The revenue of the company has retreated at an average annualized rate of about -22.3 over the last five years. The company recently recorded an increase of 11.6%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards SYPR stock. Dimensional Fund Advisors LP trimmed position in the company after it dumped -12.2% or 778,420 shares of its common stock. The hedge fund now owns 683,453 shares worth $622,011, SEC documents show. Dimensional Fund Advisors LP cut assets in the stock as 869285.6 shares have been sold, reducing its stake by -12.8% to 758,017 shares which are currently valued at $689,871. In addition, BlackRock Inc. recently reported that it now owns 74,157 shares making a total of $67,490 based on the recent price. This refelects a change of 32.2% in their ownership.