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Insteel Industries, Inc. (IIIN)

32.54   1.11 (3.53%) 08-14 11:36
Open: 31.62 Pre. Close: 31.43
High: 32.67 Low: 31.6868
Volume: 107,252 Market Cap: 635(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 32.73 - 32.86 32.86 - 32.98
Low: 31.29 - 31.44 31.44 - 31.59
Close: 32.29 - 32.53 32.53 - 32.76

Technical analysis

as of: 2022-08-12 4:22:59 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 42.52     One year: 47.89
Support: Support1: 28.96    Support2: 24.1
Resistance: Resistance1: 36.41    Resistance2: 41
Pivot: 30.6
Moving Average: MA(5): 30.88     MA(20): 32.16
MA(100): 37.65     MA(250): 38.6
MACD: MACD(12,26): -1.3     Signal(9): -1.6
Stochastic oscillator: %K(14,3): 52.4     %D(3): 28.3
RSI: RSI(14): 49.9
52-week: High: 47.7  Low: 28.96
Average Vol(K): 3-Month: 149 (K)  10-Days: 146 (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 below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ IIIN ] has closed Bollinger Bands are 52.5% 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 1 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Sat, 13 Aug 2022
Insteel Industries, Inc.'s (NYSE:IIIN) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? - Simply Wall St

Fri, 05 Aug 2022
SG Americas Securities LLC Reduces Stake in Insteel Industries, Inc. (NASDAQ:IIIN) - Defense World

Thu, 04 Aug 2022
Insteel Industries (NASDAQ:IIIN) Hits New 12-Month Low at $29.40 - Defense World

Tue, 02 Aug 2022
Insteel Industries Stock: Cheap Enough To Be Worth The Risk (NYSE:IIIN) - Seeking Alpha

Tue, 02 Aug 2022
Is Insteel Industries Inc (IIIN) Stock Worth a Buy Tuesday? - InvestorsObserver

Sun, 24 Jul 2022 Downgrades Insteel Industries (NASDAQ:IIIN) to Hold - Defense World

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: Outperform
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. 20 (M)
Shares Float 19 (M)
% Held by Insiders 4.9 (%)
% Held by Institutions 81.3 (%)
Shares Short 686 (K)
Shares Short P.Month 632 (K)

Stock Financials

EPS 6.4
EPS Est Next Qtl 0.37
EPS Est This Year 1.63
EPS Est Next Year 2.2
Book Value (p.s.) 18.7
Profit Margin (%) 15.9
Operating Margin (%) 20.5
Return on Assets (ttm) 23.7
Return on Equity (ttm) 39.2
Qtrly Rev. Growth 41.2
Gross Profit (p.s.) 6.23
Sales Per Share 40.49
EBITDA (p.s.) 9.07
Qtrly Earnings Growth 108.5
Operating Cash Flow 20 (M)
Levered Free Cash Flow -21 (M)

Stock Valuations

PE Ratio 5.07
PEG Ratio 0.3
Price to Book value 1.73
Price to Sales 0.8
Price to Cash Flow 32.5

Stock Dividends

Dividend 0.02
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-12-16
Ex-Dividend Date 2021-11-30
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