2/19/2023 0 Comments Cheap stocks that will skyrocketFRD has a grade of A for Value, Growth, and Momentum and B for Quality. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The stock has declined 6.8% over the past month and 8.4% year-to-date to close the last trading session at $8.59.įRD’s POWR Ratings reflect this strong outlook. ![]() Its trailing-12-month Price/Sales multiple of 0.23 is 81.7% lower than the industry average of 1.25x. In terms of trailing-12-month EV/EBITDA, FRD is currently trading at 1.47x, 79.8% lower than the industry average of 7.28x. The company’s Coil segment sales grew 92.9% from the year-ago value to $41.80 million, and its Tubular segment sales rose 44.4% year-over-year to $9.86 million.įRD is relatively undervalued compared to its peers. In the fiscal 2022 third quarter ended December 31, 2021, FRD’s net sales increased 181.2% year-over-year to $51.66 million. This acquisition might position the company as a leading North American steel service center with an expanded geographic presence, scale, and processing capabilities. In addition to the facilities acquired, FRD purchased the steel inventory and customer relationships at Plateplus’ Loudon and Houston locations. On May 02, 2022, FRD acquired two high-quality, strategically located facilities from Plateplus, Inc. The Tubular segment produces line and oil country pipes for structural applications. The Coil segment involves converting steel coils into flat and plate sheet cuts. The company operates through two segments: Coil and Tubular. Analysts expect AE’s EPS for the current year to increase 28.7% year-over-year to $3.54.įRD engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution businesses in the U.S. ![]() The $764.88 million consensus revenue estimate for the fiscal year 2022, ending December 2022, represents a 51.6% growth from the previous year. Its forward Price/ Sales ratio of 0.04 compared with the industry average of 1.39. Its forward EV/EBITDA multiple of 1.76 is 69.9% lower than the industry average of 5.84x. In terms of forward EV/Sales, AE is currently trading at 0.02x, 99% lower than the industry average of 1.75x. The company’s net earnings and earnings per share came in at $6.09 million and $1.39, registering a growth of 116.9% and 110.6%, respectively, from the prior-year period. Its operating earnings grew 111.6% year-over-year to $8.15 million. In the fiscal 2022 first quarter ended March 31, 2022, AE’s revenues increased 137.9% year-over-year to $774.25 million. The company operates through three segments: Crude Oil Marketing, Transportation and Storage Tank Truck Transportation of Liquid Chemicals, Pressurized Gases, Asphalt, and Dry Bulk and Pipeline Transportation, Terminalling and Storage of Crude Oil. ![]() Each of these stocks possesses solid value and momentum attributes.ĪE engages in the marketing, transportation, and storage of various crude oil and natural gas basins in the United States. So, these stocks could be solid investments now. ( GTE ) are showing solid momentum lately but are trading at discounts to their peers. ( AE ), Friedman Industries, Incorporated ( FRD ), First United Corporation ( FUNC ), and Gran Tierra Energy Inc. Undervalued stocks with strong financials, healthy cash flows, and solid growth prospects could see a solid rebound when recession concerns subside.įundamentally sound stocks Adams Resource & Energy, Inc. However, the extended market correction over the past couple of months has led several fundamentally strong stocks to trade at attractive valuations. While the market witnessed a rebound last week, the expected monetary policy is adding fuel to recession concerns and will likely keep the market under significant pressure. ![]() Moreover, the Fed is expected to deliver another 75 basis-point interest rate hike next month, followed by a 50 basis-point rise in September. Earlier this month, the Federal Reserve raised interest rates by 75 basis points to tame the 40-year high inflation.
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