Select Interior Concepts Inc. (NASDAQ:SIC) Relative Strength Index (RSI) is 49.09, with weekly volatility at 9.16% and ATR at 0.40. The SIC stock’s 52-week price range has touched low of $1.25 and a $13.76 high. Intraday shares traded counted 0.13 million, which was 35.38% higher than its 30-day average trading volume of 202.58K. Its shares traded higher over the last trading session, gaining 10.79% on 06/29/20. The shares fell to a low of $3.21 before closing at $3.49. SIC’s previous close was $3.15 while the outstanding shares total 25.19M. The firm has a 12-month trailing P/E ratio of 31.16,.
Investors have identified the Residential Construction company Select Interior Concepts Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $91.19 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Select Interior Concepts Inc. (SIC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SIC, the company has in raw cash 36.93 million on their books with 0.95 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 218600000 million total, with 78713000 million as their total liabilities.
SIC were able to record 6.46 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 31.93 million. In cash movements, the company had a total of 7.83 million as operating cash flow.
Potential earnings growth for Select Interior Concepts Inc. (SIC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Select Interior Concepts Inc. recorded a total of 134.38 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -1.89% coming in sequential stages and their sales for the third quarter reducing by -15.88%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 103.68 million trying to sell their products during the last quarter, with the result yielding a gross income of 30.69 million. This allows shareholders to hold on to 25.19M with the revenue now reading -0.16 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.09 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.27 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SIC sounds very interesting.
Is the stock of SIC attractive?
In related news, Director, B. Riley Financial, Inc. bought 79,385 shares of the company’s stock in a transaction that recorded on Jun 12. The purchase was performed at an average price of 4.00, for a total value of 317,540. As the purchase deal closes, the Director, B. Riley Financial, Inc. now bought 11,090 shares of the company’s stock, valued at 45,226. Also, Chief Executive Officer, Varner Leo William Jr. bought 25,000 shares of the company’s stock in a deal that was recorded on Jun 10. The shares were cost at an average price of 4.26 per share, with a total market value of 106,500. Following this completion of disposal, the Director, Vansant Robert Scott now holds 10,000 shares of the company’s stock, valued at 43,800. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.20%.