How to Buy Shyft Group Stock
Shyft Group Inc
The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally.
Shyft Group stock last closed at $12.39, up 15.36% from the previous day, and has decreased 49.65% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.62 percentage points. Shyft Group stock is currently +26.3% from its 52-week low of $9.81, and -54.71% from its 52-week high of $27.36.
As of May 2, 2024, there are 34.37M SHYF shares outstanding. The market value of SHYF is $425.89M. In the past 24 hours, 379,943 SHYF shares were traded.
How to Buy Shyft Group Stock
Not sure how to invest in Shyft Group stock? Here's how.
- Decide where to buy Shyft Group stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Shyft Group stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your payment method and add your info.
- Analyze Shyft Group stock: The Shyft Group ticker symbol is SHYF. Is Shyft Group stock a good investment? Should you buy shares of SHYF? How do SHYF's underlying business fundamentals look? Do top analysts think Shyft Group is a good buy? Why has SHYF's stock price moved recently? (Hint: Our stock research tools can help you figure out if SHYF is a good stock to buy).
- Make your SHYF trade: Decide if you will purchase SHYF shares at the current market price or use a limit order to purchase SHYF shares at a given price.
- Monitor your SHYF position: Create a watchlist to monitor your investment in Shyft Group stock.
Step 1: Decide where to buy Shyft Group stock
You need an online brokerage account to access the NASDAQ market and buy SHYF stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal information so you can buy SHYF stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on a good online stock trading app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of depositing money into your brokerage account.
Step 4: Analyze Shyft Group stock
After you have figured out the best place to buy Shyft Group stock, it's crucial to evaluate their stock before you invest, so you actually comprehend the risk and opportunity.
Shyft Group quick stats
SHYF Overview
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SHYF's stock page.
How is SHYF stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SHYF's true value.
Using relative valuations ratios:
- SHYF could be undervalued based on its P/B ratio of 1.73x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.61x
You can access additional valuation analysis on SHYF's stock here.
Is SHYF a healthy company?
Signs that SHYF is financially healthy:
- There are more short-term assets than short-term liabilities on the SHYF balance sheet.
- There are more short-term assets than long-term liabilities on the SHYF balance sheet.
- SHYF's operating cash flow of $46.40M allows it to safely service it's debt of $131.00M.
Signs that SHYF is not financially healthy:
- SHYF earnings of $1.63M is not enough to cover its interest payments.
- SHYF has a relatively high debt to equity ratio of 1.06.
- SHYF profit margin has gone down from 4% to 0% in the past year.
- Total SHYF debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Shyft Group stock
Out of 1 sell side analysts who give ratings on SHYF, the consensus analyst rating on SHYF is a Hold
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Shyft Group stock forecast page.
SHYF Trading Indicators
SHYF Growth Numbers
Last year, SHYF earnings were $117.00k. During the past five year, SHYF's earnings have grown by -100% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 19.87%.
Last year, SHYF revenue was $826.65M. Over the last five year, SHYF's revenue has grown by 7.73% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 6.35%.
Learn more about SHYF's earnings and revenue performance here.
Are SHYF insiders buying or selling the stock?
Over the last year, insiders at SHYF have bought more shares than they have sold.
Carl A. Esposito, Director of SHYF, was the latest SHYF insider to buy. They bought $4,288.84 worth of SHYF stock on Apr 10, 2024.
Dig into more about who owns SHYF shares here.
Does SHYF provide a stable income stream?
Shyft Group pays a dividend of 1.61%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.74%. If you owned $1,000 of SHYF stock, you would have been paid $16.14 in the past year.
Shyft Group dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Shyft Group dividend yield and history here.
SHYF Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your SHYF trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open button and your broker will place the order.
If you want more help investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your SHYF position
Now that you own some SHYF shares, you'll want to stay up-to-date on your new company.
Add SHYF to a watchlist to keep track of your SHYF stock.
SHYF Feed
How to Buy Stock in Shyft Group
To summarize, here are the 6 steps to buy Shyft Group stock:
- Decide where to buy Shyft Group stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Shyft Group stock
- Make your SHYF trade
- Monitor your SHYF position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Shyft Group, hit the button below to create your watchlist.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.