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Friedman Industries, Incorporated (FRD)
18.81  0 (0%)    04-17 16:00
Open: 18.9
High: 19.1
Volume: 28,824
  
Pre. Close: 18.81
Low: 18.09
Market Cap: 131(M)
Technical analysis
2024-04-17 4:46:48 PM
Short term     
Mid term     
Targets 6-month :  22.79 1-year :  26.62
Resists First :  19.52 Second :  22.79
Pivot price 18.87
Supports First :  17.57 Second :  16.37
MAs MA(5) :  19.05 MA(20) :  18.67
MA(100) :  16.45 MA(250) :  14.03
MACD MACD :  0.3 Signal :  0.3
%K %D K(14,3) :  64.2 D(3) :  75.8
RSI RSI(14): 53.9
52-week High :  19.52 Low :  9.5
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ FRD ] has closed above bottom band by 44.0%. Bollinger Bands are 50.7% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 3 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 19.11 - 19.2 19.2 - 19.3
Low: 17.88 - 17.97 17.97 - 18.07
Close: 18.65 - 18.81 18.81 - 18.96
Company Description

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 230 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. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.

Headline News

Wed, 10 Apr 2024
Friedman Industries (NYSEAMERICAN:FRD) Stock Passes Above 200-Day Moving Average of $0.00 - Defense World

Wed, 10 Apr 2024
Friedman Industries (NYSEAMERICAN:FRD) Stock Price Passes Above 200-Day Moving Average of $0.00 - MarketBeat

Tue, 02 Apr 2024
Short Interest in Friedman Industries, Incorporated (NYSEAMERICAN:FRD) Rises By 9.2% - MarketBeat

Thu, 21 Mar 2024
FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND - GlobeNewswire

Wed, 14 Feb 2024
Friedman Industries, Incorporated Announces Third Quarter Results - GlobeNewswire

Wed, 14 Feb 2024
Jim Simons Adjusts Position in Friedman Industries - Yahoo Finance

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.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
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:
AMEX
Sector:
Basic Materials
Industry:
Steel
Shares Out 7 (M)
Shares Float 6 (M)
Held by Insiders 15.4 (%)
Held by Institutions 38.6 (%)
Shares Short 9 (K)
Shares Short P.Month 6 (K)
Stock Financials
EPS 2.54
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 17.19
Profit Margin 3.7 %
Operating Margin 21.6 %
Return on Assets (ttm) 6.4 %
Return on Equity (ttm) 16.1 %
Qtrly Rev. Growth 180.1 %
Gross Profit (p.s.) 0
Sales Per Share 68.3
EBITDA (p.s.) 3.43
Qtrly Earnings Growth 0 %
Operating Cash Flow -11 (M)
Levered Free Cash Flow -40 (M)
Stock Valuations
PE Ratio 7.37
PEG Ratio 0
Price to Book value 1.09
Price to Sales 0.27
Price to Cash Flow -12.64
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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