Armstrong Flooring Inc. [AFI] Stock trading around $4.23 per share: What’s Next?

Armstrong Flooring Inc. [NYSE: AFI] jumped around 0.43 points on Tuesday, while shares priced at $4.23 at the close of the session, up 11.32%. The company report on October 12, 2020 that Armstrong Flooring Announces Date for Third Quarter 2020 Results.

Armstrong Flooring, Inc. (NYSE: AFI) (“Armstrong Flooring” or the “Company”), a leader in the design and manufacture of innovative flooring solutions, announced today that the Company will release its third quarter 2020 financial results before the market opens on Wednesday, October 21, 2020. A webcast and conference call will be held that same day at 10:00 a.m. Eastern Time to review financial results, discuss recent events and conduct a question-and-answer session.

Webcast and Conference Call:.

Armstrong Flooring Inc. stock is now -0.94% down from its year-to-date (YTD) trading value. AFI Stock saw the intraday high of $5.05 and lowest of $3.76 per share. The company’s 52-week high price is 6.75, which means current price is +277.68% above from all time high which was touched on 10/13/20.

Compared to the average trading volume of 224.07K shares, AFI reached a trading volume of 1557514 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Armstrong Flooring Inc. [AFI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFI shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFI stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Nomura have made an estimate for Armstrong Flooring Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 14, 2020. The new note on the price target was released on May 08, 2019, representing the official price target for Armstrong Flooring Inc. stock. Previously, the target price had yet another raise to $24, while Gabelli & Co analysts kept a Buy rating on AFI stock.

The Average True Range (ATR) for Armstrong Flooring Inc. is set at 0.36, with the Price to Sales ratio for AFI stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.37, with the Price to Cash per share for the same quarter was set at 1.52.

How has AFI stock performed recently?

Armstrong Flooring Inc. [AFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.20. With this latest performance, AFI shares gained by 8.46% in over the last four-week period, additionally plugging by 182.00% over the last 6 months – not to mention a drop of -33.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AFI stock in for the last two-week period is set at 60.91, with the RSI for the last a single of trading hit 65.91, and the three-weeks RSI is set at 59.01 for Armstrong Flooring Inc. [AFI]. The present Moving Average for the last 50 days of trading for this stock 3.72, while it was recorded at 3.97 for the last single week of trading, and 3.08 for the last 200 days.

Armstrong Flooring Inc. [AFI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Armstrong Flooring Inc. [AFI] shares currently have an operating margin of -9.87 and a Gross Margin at +13.51. Armstrong Flooring Inc.’s Net Margin is presently recorded at -11.01.

Return on Total Capital for AFI is now -15.31, given the latest momentum, and Return on Invested Capital for the company is -17.78. Return on Equity for this stock declined to -20.90, with Return on Assets sitting at -11.38. When it comes to the capital structure of this company, Armstrong Flooring Inc. [AFI] has a Total Debt to Total Equity ratio set at 18.15. Additionally, AFI Total Debt to Total Capital is recorded at 15.36, with Total Debt to Total Assets ending up at 9.70. Long-Term Debt to Equity for the company is recorded at 16.85, with the Long-Term Debt to Total Capital now at 14.26.

Reflecting on the efficiency of the workforce at the company, Armstrong Flooring Inc. [AFI] managed to generate an average of -$43,062 per employee. Receivables Turnover for the company is 16.39 with a Total Asset Turnover recorded at a value of 1.03.Armstrong Flooring Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.80.

Earnings analysis for Armstrong Flooring Inc. [AFI]

With the latest financial reports released by the company, Armstrong Flooring Inc. posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 157.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AFI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Armstrong Flooring Inc. go to 47.60%.

Insider trade positions for Armstrong Flooring Inc. [AFI]

There are presently around $76 million, or 86.90% of AFI stock, in the hands of institutional investors. The top three institutional holders of AFI stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 2,825,674, which is approximately -9.1% of the company’s market cap and around 3.90% of the total institutional ownership; GAMCO INVESTORS, INC. ET AL, holding 1,839,496 shares of the stock with an approximate value of $7.78 million in AFI stocks shares; and NANTAHALA CAPITAL MANAGEMENT, LLC, currently with $6.58 million in AFI stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Armstrong Flooring Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 36 institutional holders increased their position in Armstrong Flooring Inc. [NYSE:AFI] by around 2,465,645 shares. Additionally, 55 investors decreased positions by around 3,957,223 shares, while 9 investors held positions by with 11,453,560 shares. The mentioned changes placed institutional holdings at 17,876,428 shares, according to the latest SEC report filing. AFI stock had 18 new institutional investments in for a total of 688,441 shares, while 22 institutional investors sold positions of 776,849 shares during the same period.

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