Earnings from Universal Stainless & Alloy Products Inc. [USAP] are scheduled on April 21, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
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USAP Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.64 per share on revenue of $33.89M. Taking a look at the future, the company is projected to report revenue of $37.92M at an earnings per share of -$0.34 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 25.40% in revenue and 96.30% in earnings per share for the company.
USAP Stock Earnings Forecast For The Current Year
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For the full financial year, Universal Stainless & Alloy Products Inc. [NASDAQ:USAP] is forecasted to generate revenue of $158.31M. The figure is about $-21.42 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$1.35 in 2021, which is $0.05 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 3.60% this year, 96.30% next year, and 3.15% annually over the next five years. With regard to sales, forecasts suggest a decline of -11.90% in current fiscal year and 25.40% over following year.
USAP Stock Price Performance
At the close of Tuesday’s session, Universal Stainless & Alloy Products Inc. [NASDAQ:USAP] finished up 1.10% at $9.20. The stock’s highest single-day price was $9.32, and its lowest was $9.07. Its price fall -4.17% in the last five days. Since the beginning of the year, Universal Stainless & Alloy Products Inc.’s shares are up nearly 22.99%. However, the share price is -19.37% below its one year high. The top price reached by the shares of the company was $11.41 on 03/09/21, while the 52-week low came on 02/01/21, when the shares were $6.94. In the past year, shares of the company have risen 25.85%. At 50 days, the moving average achieved is $9.91 while at 200 days, the moving average is $7.70. There were 34455.0 shares traded in the last session, up from 22400.0 in the previous session.
Universal Stainless & Alloy Products Inc. [NASDAQ:USAP] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.44 PS value ratio is reported for the last one year of reported earnings. This is below the average return 0.58 for the industry, which means USAP offers an attractive investment opportunity than its competitors do.
USAP Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 9.20 level, and the violation of this level will cause a further drop to 9.07 level. At the upper end, 9.57 remains a key resistance. As the stock increases, it may find resistance at 9.45. In the 14-day chart, the Relative Strength Index standing at 43.27 suggests a technical neutral stance while the MACD standing at -0.42 indicates price will decrease in the next trading period. Stochastic %K at 26.96% suggests holding the stock while Percent R indicator at 74.86% suggests bearish price movement.
How much is the short interest in Universal Stainless & Alloy Products Inc.?
There have been a drop in short interest in the Universal Stainless & Alloy Products Inc. Financial stock, with short interest up by 12980.0 shares to 26480.0 shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 39460.0 shares. This -49.02% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 0.47% of the overall float in the stock, while the stock’s days to cover moved to 1.46.
How do analysts view Universal Stainless & Alloy Products Inc.?
In regard to the share price forecast for Universal Stainless & Alloy Products Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $9.00 in the next twelve months, representing almost an -2.22% growth from its recent price of $9.20. Among Universal Stainless & Alloy Products Inc. stock projections, $9.00 is the highest analyst target for the stock, while $9.00 is the lowest. Despite this, 1 analysts who share their consensus rating for USAP in 2021 agree that the stock is a Hold. The latest rating change took place on 1/16/20, when KeyBanc Ratings downgraded the stock from “Overweight” to “Sector Weight.”