Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Shyft Group Inc before investing.

In this article, we go over a few key elements for understanding Shyft Group Inc’s stock price such as:

• Shyft Group Inc’s current stock price and volume
• Why Shyft Group Inc’s stock price changed recently
• Upgrades and downgrades for SHYF from analysts
• SHYF’s stock price momentum as measured by its relative strength

About Shyft Group Inc (SHYF)

Before we jump into Shyft Group Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

The Shyft Group, Inc. is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle, including last-mile delivery, specialty service and vocation-specific upfit segments and recreational vehicle industries. The Company’s segments include Fleet Vehicles and Services (FVS) and Specialty Vehicles (SV). The FVS segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trade and construction industries. The Specialty Vehicles segment includes a portfolio of business that provides service bodies, RV chassis, vocational upfit and contract manufacturing products and services. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, and luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services.

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Shyft Group Inc’s Stock Price as of Market Close

As of July 18, 2024, 4:00 PM, CST, Shyft Group Inc’s stock price was $11.66.

Shyft Group Inc is down 4.74% from its previous closing price of $12.24.

During the last market session, Shyft Group Inc’s stock traded between $11.35 and $12.24. Currently, there are 34.32 million shares of Shyft Group Inc stock available for purchase.

Unfortunately, Shyft Group Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Shyft Group Inc Stock Price History

Shyft Group Inc’s (SHYF) price is currently down 1.69% so far this month.

During the month of July, Shyft Group Inc’s stock price has reached a high of $12.63 and a low of $9.93.

Over the last year, Shyft Group Inc has hit prices as high as $21.62 and as low as $9.81. Year to date, Shyft Group Inc’s stock is down 53.1%.

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What Caused Shyft Group Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 17, 2024, there was 1 analyst who downgraded Shyft Group Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Shyft Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Shyft Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Shyft Group Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Shyft Group Inc (SHYF) by visiting AAII Stock Evaluator.

Relative Price Strength of Shyft Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 17, 2024, Shyft Group Inc has a weighted four-quarter relative price strength of -11.27%, which translates to a Momentum Score of 28 and is considered to be Weak.

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Shyft Group Inc Stock Price: Bottom Line

As of July 18, 2024, Shyft Group Inc’s stock price is $11.66, which is down 4.74% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Shyft Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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