Insteel Industries Stock Price on December 19, 2024
| IIIN Stock | USD 27.80 0.52 1.84% |
Below is the normalized historical share price chart for Insteel Industries extending back to April 25, 1985. 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 Insteel Industries stands at 27.80, as last reported on the 23rd of December, with the highest price reaching 28.47 and the lowest price hitting 27.57 during the day.
If you're considering investing in Insteel Stock, it is important to understand the factors that can impact its price. Insteel Industries holds Efficiency (Sharpe) Ratio of -0.0662, which attests that the entity had a -0.0662% return per unit of risk over the last 3 months. Insteel Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Insteel Industries' Risk Adjusted Performance of (0.05), standard deviation of 2.08, and Market Risk Adjusted Performance of (0.10) to validate the risk estimate we provide.
At this time, Insteel Industries' Total Stockholder Equity is very stable compared to the past year. As of the 23rd of December 2024, Common Stock is likely to grow to about 19.9 M, while Common Stock Shares Outstanding is likely to drop about 17.6 M. . As of the 23rd of December 2024, Price To Sales Ratio is likely to drop to 0.98. In addition to that, Price Earnings Ratio is likely to drop to 19.53. Insteel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of March 1992 | 200 Day MA 31.7633 | 50 Day MA 29.148 | Beta 1.087 |
Insteel |
Sharpe Ratio = -0.0662
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| Negative Returns | IIIN |
Estimated Market Risk
| 2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Insteel Industries is not performing at its full potential. However, 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 Insteel Industries by adding Insteel Industries to a well-diversified portfolio.
Price Book 1.5413 | Enterprise Value Ebitda 10.5646 | Price Sales 1.0219 | Shares Float 18.5 M | Dividend Share 0.12 |
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Insteel Industries Valuation on December 19, 2024
It is possible to determine the worth of Insteel Industries on a given historical date. On December 19, 2024 Insteel was worth 28.65 at the beginning of the trading date compared to the closed value of 28.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Insteel Industries stock. Still, in general, we apply an absolute valuation method to find Insteel 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 Insteel Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Insteel Industries' related companies.
| Open | High | Low | Close | Volume | |
| 29.81 | 30.34 | 28.36 | 28.68 | 185,470 | |
12/19/2024 | 28.65 | 28.96 | 28.25 | 28.72 | 172,039 |
| 28.20 | 29.14 | 28.20 | 28.32 | 1,019,507 |
| Backtest Insteel Industries | | | Insteel Industries History | | | Insteel Industries Valuation | Previous | Next |
Insteel Industries Trading Date Momentum on December 19, 2024
| On December 20 2024 Insteel Industries was traded for 28.32 at the closing time. The top price for the day was 29.14 and the lowest listed price was 28.20 . The trading volume for the day was 1 M. The trading history from December 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.39% . The trading delta at closing time against the current closing price is 1.32% . |
Insteel Industries Fundamentals Correlations and Trends
By evaluating Insteel 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 Insteel Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Insteel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Insteel Industries Stock history
Insteel 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 Insteel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Insteel 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 Insteel Industries stock prices may prove useful in developing a viable investing in Insteel Industries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 19.6 M | 17.6 M | |
| Net Income Applicable To Common Shares | 37.3 M | 29.5 M |
Insteel Industries Quarterly Net Working Capital |
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Insteel Industries Stock Technical Analysis
Insteel 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.
Price Boundaries
Insteel Industries Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
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Insteel Industries December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Insteel 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 Insteel Industries shares will generate the highest return on investment. By undertsting and applying Insteel Industries stock market strength indicators, traders can identify Insteel Industries entry and exit signals to maximize returns
Insteel Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Insteel Industries' price direction in advance. Along with the technical and fundamental analysis of Insteel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Insteel 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.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.11) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Insteel Industries. If investors know Insteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Insteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 0.12 | Earnings Share 0.99 | Revenue Per Share 27.136 | Quarterly Revenue Growth (0.15) |
The market value of Insteel Industries is measured differently than its book value, which is the value of Insteel that is recorded on the company's balance sheet. Investors also form their own opinion of Insteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Insteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Insteel Industries' market value can be influenced by many factors that don't directly affect Insteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Insteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Insteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Insteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.