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Insteel Industries, Inc. (IIIN)

31.965   -0.055 (-0.17%) 06-09 14:01
Open: 31.97 Pre. Close: 32.02
High: 32.05 Low: 31.545
Volume: 22,290 Market Cap: 621(M)

Technical analysis

as of: 2023-06-09 1:45:35 PM
Short-term rate:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Mid-term rate:       
Target: Six months: 38.83     One year: 45.36
Support: Support1: 30.2    Support2: 28.31
Resistance: Resistance1: 33.25    Resistance2: 38.83
Pivot: 31.22
Moving Average: MA(5): 31.91     MA(20): 31
MA(100): 29.04     MA(250): 29.48
MACD: MACD(12,26): 0.7     Signal(9): 0.7
Stochastic oscillator: %K(14,3): 73.5     %D(3): 77.3
RSI: RSI(14): 61.1
52-week: High: 41  Low: 24
Average Vol(K): 3-Month: 73 (K)  10-Days: 64 (K)

Price, moving averages and Bollinger Bands

Price has closed above 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 BULLISH in short-term; and BULLISH in mid-long term.
[ IIIN ] has closed below upper band by 23.9%. Bollinger Bands are 5.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 32.99 - 33.16 33.16 - 33.31
Low: 31.6 - 31.8 31.8 - 31.96
Close: 31.7 - 32.03 32.03 - 32.31

Company Description

Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

Headline News

Thu, 08 Jun 2023
Positive week for Insteel Industries, Inc. (NYSE:IIIN) institutional investors who lost 19% over the past year - Simply Wall St

Fri, 02 Jun 2023
Investing in Insteel Industries (NYSE:IIIN) three years ago would have delivered you a 87% gain - Yahoo Eurosport UK

Tue, 30 May 2023
Victory Capital Management Decreases Stake in Insteel Industries ... - Best Stocks

Tue, 16 May 2023
Insteel Industries Declares Quarterly Cash Dividend - Business Wire

Thu, 20 Apr 2023
Insteel Industries Reports Second Quarter 2023 Results - Business Wire

Mon, 03 Apr 2023
Yousif Capital Management LLC Reduces Stake in Insteel Industries ... - Best Stocks

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: Neutral
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:  NYSE
Sector:  Industrials
Industry:  Metal Fabrication
Shares Out. 19 (M)
Shares Float 18 (M)
% Held by Insiders 5 (%)
% Held by Institutions 80.6 (%)
Shares Short 507 (K)
Shares Short P.Month 459 (K)

Stock Financials

EPS 4.26
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 18.77
Profit Margin (%) 10.3
Operating Margin (%) 12.8
Return on Assets (ttm) 14.3
Return on Equity (ttm) 22.9
Qtrly Rev. Growth -25.4
Gross Profit (p.s.) 10.14
Sales Per Share 39.15
EBITDA (p.s.) 5.73
Qtrly Earnings Growth -87
Operating Cash Flow 65 (M)
Levered Free Cash Flow 32 (M)

Stock Valuations

PE Ratio 7.51
PEG Ratio 0.9
Price to Book value 1.7
Price to Sales 0.81
Price to Cash Flow 9.55

Stock Dividends

Dividend 0.02
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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