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Ascent Industries Co. (ACNT)
9.77  -0.28 (-2.79%)    05-07 16:00
Open: 10.11
High: 10.3381
Volume: 11,754
  
Pre. Close: 10.05
Low: 9.77
Market Cap: 99(M)
Technical analysis
2024-05-07 4:47:46 PM
Short term     
Mid term     
Targets 6-month :  12.16 1-year :  12.75
Resists First :  10.41 Second :  10.92
Pivot price 10.1
Supports First :  9.59 Second :  7.97
MAs MA(5) :  10.06 MA(20) :  10.18
MA(100) :  10.02 MA(250) :  9.31
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  42.3 D(3) :  52.4
RSI RSI(14): 38.8
52-week High :  11.18 Low :  7.19
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ ACNT ] has closed above bottom band by 14.3%. Bollinger Bands are 28.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 10.35 - 10.43 10.43 - 10.49
Low: 9.6 - 9.69 9.69 - 9.75
Close: 9.65 - 9.79 9.79 - 9.88
Company Description

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless-steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries. In addition, it produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. Further, the company provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is headquartered in Oak Brook, Illinois.

Headline News

Mon, 06 May 2024
Ascent Industries Co expected to post a loss of 37 cents a share - Earnings Preview - XM

Mon, 06 May 2024
The past five years for Ascent Industries (NASDAQ:ACNT) investors has not been profitable - Yahoo Movies Canada

Wed, 01 May 2024
Will Ascent Industries (ACNT) Report Negative Earnings Next Week? What You Should Know - Zacks Investment Research

Wed, 01 May 2024
Ascent Industries (ACNT) Scheduled to Post Earnings on Wednesday - MarketBeat

Tue, 02 Apr 2024
Ascent Industries Co. (NASDAQ:ACNT) Q4 2023 Earnings Call Transcript March 28, 2024 - Yahoo Finance

Thu, 28 Mar 2024
Ascent Industries (ACNT) Reports Q4 Loss, Lags Revenue Estimates - Zacks Investment Research

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Basic Materials
Industry:
Steel
Shares Out 0 (M)
Shares Float 10 (M)
Held by Insiders 8.1e+006 (%)
Held by Institutions 12.9 (%)
Shares Short 10 (K)
Shares Short P.Month 0 (K)
Stock Financials
EPS -3.37
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 894.4
Profit Margin -13.8 %
Operating Margin -211.1 %
Return on Assets (ttm) -7.3 %
Return on Equity (ttm) -28.3 %
Qtrly Rev. Growth -42 %
Gross Profit (p.s.) 0
Sales Per Share 2.72085e+008
EBITDA (p.s.) -2.46761e+007
Qtrly Earnings Growth 8 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 23 (M)
Stock Valuations
PE Ratio -2.9
PEG Ratio -5.6
Price to Book value 0.01
Price to Sales 0
Price to Cash Flow 0.65
Stock Dividends
Dividend 0
Forward Dividend 6920
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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