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Insteel Industries, Inc. (IIIN)
31.73  -2.39 (-7%)    04-25 16:00
Open: 34.44
High: 35.02
Volume: 187,999
  
Pre. Close: 34.12
Low: 31.26
Market Cap: 617(M)
Technical analysis
2024-04-25 4:43:48 PM
Short term     
Mid term     
Targets 6-month :  41.72 1-year :  44.85
Resists First :  35.72 Second :  38.4
Pivot price 34.29
Supports First :  31.39 Second :  26.12
MAs MA(5) :  33.57 MA(20) :  35
MA(100) :  35.69 MA(250) :  33.12
MACD MACD :  -0.9 Signal :  -0.6
%K %D K(14,3) :  28.7 D(3) :  31
RSI RSI(14): 33.2
52-week High :  39.38 Low :  26.87
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ IIIN ] has closed above bottom band by 5.8%. Bollinger Bands are 40.5% 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 0 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 35.06 - 35.25 35.25 - 35.41
Low: 30.97 - 31.19 31.19 - 31.37
Close: 31.4 - 31.73 31.73 - 32.01
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, 25 Apr 2024
Insteel Industries Inc (IIIN) Q2 Earnings: Surpasses EPS Estimates Amidst Challenging Market ... - Yahoo Finance

Thu, 25 Apr 2024
Insteel Industries (IIIN) Q2 Earnings Surpass Estimates - Yahoo Finance

Thu, 25 Apr 2024
Insteel Industries: Fiscal Q2 Earnings Snapshot - WRAL News

Thu, 25 Apr 2024
Insteel Industries Reports Second Quarter 2024 Results - Business Wire

Tue, 23 Apr 2024
Insteel Industries Inc expected to post earnings of 30 cents a share - Earnings Preview - XM

Wed, 17 Apr 2024
The five-year decline in earnings for Insteel Industries NYSE:IIIN) isn't encouraging, but shareholders are still up 120 ... - Simply Wall St

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.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Industrials
Industry:
Manufacturing - Metal Fabrication
Shares Out 19 (M)
Shares Float 19 (M)
Held by Insiders 5.3 (%)
Held by Institutions 85.7 (%)
Shares Short 706 (K)
Shares Short P.Month 744 (K)
Stock Financials
EPS 1.14
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 17.14
Profit Margin 3.7 %
Operating Margin -0.1 %
Return on Assets (ttm) 3.6 %
Return on Equity (ttm) 6.4 %
Qtrly Rev. Growth -27.2 %
Gross Profit (p.s.) 0
Sales Per Share 31.05
EBITDA (p.s.) 1.93
Qtrly Earnings Growth -89.9 %
Operating Cash Flow 131 (M)
Levered Free Cash Flow 84 (M)
Stock Valuations
PE Ratio 27.59
PEG Ratio 1.6
Price to Book value 1.85
Price to Sales 1.02
Price to Cash Flow 4.7
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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