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Friedman Industries Inc (FRD)

10.91   -0.69 (-5.95%) 01-19 08:38
Open: 11.26 Pre. Close: 11.6
High: 11.29 Low: 10.3101
Volume: 23,764 Market Cap: 75M
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 200 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. The company was incorporated in 1965 and is headquartered in Longview, Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 11.296 - 11.351 11.351 - 11.408
Low: 10.188 - 10.242 10.242 - 10.296
Close: 10.819 - 10.909 10.909 - 10.999

Technical analysis

as of: 2022-01-19 8:21:12 AM
Overall:       
Stoxline posted a SELL today, upgraded from strong sell. Downward movement continues, but could change at any time.
Target: Six months: 14.02     One year: 16.37
Support: Support1: 9.92    Support2: 8.64
Resistance: Resistance1: 12.00    Resistance2: 14.02
Pivot: 10.52
Moving Average: MA(5): 11.39     MA(20): 10.23
MA(100): 11.71     MA(250): 11.07
MACD: MACD(12,26): 0.29     Signal(9): 0.10
Stochastic oscillator: %K(14,3): 74.25     %D(3): 84.46
RSI: RSI(14): 54.37
52-week: High: 15.63  Low: 6.81  Change(%): 53.2
Average Vol(K): 3-Month: 2614  10-Days: 2697

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
FRD has closed below upper band by 39.3%. Bollinger Bands are 61.8% wider than normal. The large width of the bands suggest high volatility as compared to FRD's normal range. The bands have been in this wide range for 4 bars. This is a sign that the current trend might continue.

Headline News

Tue, 18 Jan 2022
Houston American among Energy/Material gainers; Largo and Mechel among losers - Seeking Alpha

Fri, 19 Nov 2021
Friedman Industries, Incorporated Announces Second Quarter Results and Sinton, Texas Facility Update - Yahoo Finance

Fri, 05 Nov 2021
LEE: 4 No-Brainer Stocks to Buy in November - StockNews.com

Wed, 07 Jul 2021
Friedman Industries, Incorporated Announces Fourth Quarter - GlobeNewswire

Wed, 23 Jun 2021
Q2 Corporate Earnings Preview: Inflation, ESG Top Concerns - Investing.com

Tue, 19 Mar 2019
Friedman Industries, Incorporated Announces Cash Dividend - GlobeNewswire

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Outperform Price to Earnings: Outperform
Return on Equity: Outperform Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Basic Materials
Industry:  Steel
Shares Out. (M) 7
Shares Float (M) 6
% Held by Insiders 8.99
% Held by Institutions 34.63
Shares Short (K) 63
Shares Short P. Month (K) 48

Stock Financials

EPS -0.290
EPS Est This Year 1.520
EPS Est Next Year 1.760
Book Value (p.s.) 9.940
Profit Margin 9.06
Operating Margin 12.49
Return on Assets (ttm) 11.4
Return on Equity (ttm) 17.3
Qtrly Rev. Growth 49.2
Gross Profit (p.s.) 3.414
Sales Per Share 18.249
EBITDA (p.s.) 2.425
Qtrly Earnings Growth
Operating Cash Flow (M) 8
Levered Free Cash Flow (M) 4

Stock Valuations

PE Ratio -37.62
PEG Ratio
Price to Book value 1.10
Price to Sales 0.60
Price to Cash Flow 8.94

Stock Dividends

Dividend 0.080
Forward Dividend 0.080
Dividend Yield 0.01
Dividend Pay Date 2021-08-05
Ex-Dividend Date 2021-07-14
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