Friedman Industries Stock Price on October 1, 2024

FRD Stock  USD 15.89  0.56  3.40%   
Below is the normalized historical share price chart for Friedman Industries extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Friedman Industries stands at 15.89, as last reported on the 12th of December 2024, with the highest price reaching 16.48 and the lowest price hitting 15.89 during the day.
IPO Date
17th of March 1992
200 Day MA
16.4909
50 Day MA
15.0932
Beta
1.385
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Friedman Stock, it is important to understand the factors that can impact its price. Friedman Industries appears to be not too volatile, given 3 months investment horizon. Friedman Industries secures Sharpe Ratio (or Efficiency) of 0.0641, which denotes the company had a 0.0641% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Friedman Industries, which you can use to evaluate the volatility of the firm. Please utilize Friedman Industries' Downside Deviation of 3.01, mean deviation of 2.82, and Coefficient Of Variation of 1381.37 to check if our risk estimates are consistent with your expectations.
  
At present, Friedman Industries' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 241.5 M, whereas Common Stock is forecasted to decline to about 8.8 M. . At present, Friedman Industries' Price Earnings Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 27.72, whereas Price Earnings To Growth Ratio is projected to grow to (0.40). Friedman Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0641

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Estimated Market Risk

 3.44
  actual daily
30
70% of assets are more volatile

Expected Return

 0.22
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
5
95% of assets perform better
Based on monthly moving average Friedman Industries is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Friedman Industries by adding it to a well-diversified portfolio.
Price Book
0.89
Enterprise Value Ebitda
8.7412
Price Sales
0.2441
Shares Float
5.8 M
Dividend Share
0.14

Friedman Industries Valuation on October 1, 2024

It is possible to determine the worth of Friedman Industries on a given historical date. On October 1, 2024 Friedman was worth 15.63 at the beginning of the trading date compared to the closed value of 15.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Friedman Industries stock. Still, in general, we apply an absolute valuation method to find Friedman Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Friedman Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Friedman Industries' related companies.
 Open High Low Close Volume
  15.71    15.98    15.42    15.98    7,452  
10/01/2024
  15.63    15.97    15.46    15.46    6,791  
  15.63    16.09    15.63    16.05    6,095  
Backtest Friedman Industries  |  Friedman Industries History  |  Friedman Industries Valuation   PreviousNext  
Open Value
15.63
15.46
Closing Value
25.96
Upside

Friedman Industries Trading Date Momentum on October 1, 2024

On October 02 2024 Friedman Industries was traded for  16.05  at the closing time. Highest Friedman Industries's price during the trading hours was 16.09  and the lowest price during the day was  15.63 . The net volume was 6.1 K. The overall trading history on the 2nd of October contributed to the next trading period price growth. The overall trading delta to the next next day price was 3.82% . The overall trading delta to current price is 2.46% .

Friedman Industries Fundamentals Correlations and Trends

By evaluating Friedman Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Friedman Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Friedman financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Friedman Industries Stock history

Friedman Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Friedman is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Friedman Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Friedman Industries stock prices may prove useful in developing a viable investing in Friedman Industries
Last ReportedProjected for Next Year
Common Stock Shares Outstanding7.2 M7.5 M
Net Income Applicable To Common Shares24.5 M25.8 M

Friedman Industries Quarterly Net Working Capital

111.68 Million

Friedman Industries Stock Technical Analysis

Friedman Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Friedman Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Friedman Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Friedman Industries Period Price Range

Low
December 12, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Friedman Industries cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Friedman Industries December 12, 2024 Market Strength

Market strength indicators help investors to evaluate how Friedman Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Friedman Industries shares will generate the highest return on investment. By undertsting and applying Friedman Industries stock market strength indicators, traders can identify Friedman Industries entry and exit signals to maximize returns

Friedman Industries Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Friedman Industries' price direction in advance. Along with the technical and fundamental analysis of Friedman Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Friedman to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Friedman Stock analysis

When running Friedman Industries' price analysis, check to measure Friedman Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Friedman Industries is operating at the current time. Most of Friedman Industries' value examination focuses on studying past and present price action to predict the probability of Friedman Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Friedman Industries' price. Additionally, you may evaluate how the addition of Friedman Industries to your portfolios can decrease your overall portfolio volatility.
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