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Friedman Industries, Incorporated (FRD)

11.38   -0.15 (-1.3%) 03-22 13:58
Open: 11.53 Pre. Close: 11.53
High: 11.53 Low: 11.37
Volume: 2,439 Market Cap: 86(M)

Technical analysis

as of: 2023-03-22 2:47:46 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 14.48     One year: 15.62
Support: Support1: 10.82    Support2: 9
Resistance: Resistance1: 12.4    Resistance2: 13.38
Pivot: 12.12
Moving Average: MA(5): 11.35     MA(20): 11.99
MA(100): 10.39     MA(250): 9.5
MACD: MACD(12,26): 0     Signal(9): 0.1
Stochastic oscillator: %K(14,3): 25.6     %D(3): 20.7
RSI: RSI(14): 45
52-week: High: 13.38  Low: 6.73
Average Vol(K): 3-Month: 30 (K)  10-Days: 17 (K)

Price, moving averages and Bollinger Bands

Price has closed above 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 NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ FRD ] has closed above bottom band by 22.1%. Bollinger Bands are 75.9% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 5 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 11.81 - 11.88 11.88 - 11.93
Low: 11.23 - 11.32 11.32 - 11.4
Close: 11.39 - 11.53 11.53 - 11.64

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

Tue, 21 Mar 2023

Thu, 09 Feb 2023
Friedman Industries, Incorporated Announces Third Quarter Results ... - GlobeNewswire

Wed, 21 Dec 2022
What Are The Best Value Ratios? - Seeking Alpha

Tue, 06 Dec 2022
Friedman Industries: Strong Financials Despite Low HRC Steel ... - Seeking Alpha

Wed, 19 Oct 2022
Dave & Buster's Entertainment And 2 Other Stocks Insiders Are Buying - Dave & Buster's Enter (NASDAQ:PLAY - Benzinga

Tue, 23 Aug 2022

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Basic Materials
Industry:  Steel
Shares Out. 7 (M)
Shares Float 6 (M)
% Held by Insiders 11.5 (%)
% Held by Institutions 36.5 (%)
Shares Short 38 (K)
Shares Short P.Month 44 (K)

Stock Financials

EPS 5.32
EPS Est Next Qtl 0
EPS Est This Year 1.51
EPS Est Next Year 1.75
Book Value (p.s.) 11.63
Profit Margin (%) 15.6
Operating Margin (%) 23.5
Return on Assets (ttm) 32.9
Return on Equity (ttm) 50.8
Qtrly Rev. Growth 272.2
Gross Profit (p.s.) 3.41
Sales Per Share 34.18
EBITDA (p.s.) 8.2
Qtrly Earnings Growth 0
Operating Cash Flow -20 (M)
Levered Free Cash Flow -3 (M)

Stock Valuations

PE Ratio 2.13
PEG Ratio 0
Price to Book value 0.97
Price to Sales 0.33
Price to Cash Flow -3.96

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-08-05
Ex-Dividend Date 2021-07-14
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