The Shyft Group, Inc. Common Stock | SHYF

Daily Technical Analysis of The Shyft Group, Inc. Common Stock

Not too much action today, The Shyft Group drifted down slightly. We'll see where it goes next.

Currently SHYF isn't at a clear support/resistance line that seems tradable. The Shyft Group hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the asset has lost -0.18 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. SHYF may hit some resistance around the 10.77 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Analyst Ratings for The Shyft Group By Price Target And Rating

Overall, the analysts have a more negative view on The Shyft Group but it's not a very strong negative. The current Analysts Sentiment Score is -15.44. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. DA Davidson provided a price target decease of -7.69% to $12.00 from $13.00 on 2024-02-27. On 2023-10-27 there was a downgrade announced by BTIG Research from Buy to Neutral. On 2023-10-27 Craig Hallum lowered their price target by -25% to $12.00. Raymond James announced a lowering of their price target to $18.00 from $26.00 on 2023-07-28.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for The Shyft Group

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for The Shyft Group

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.