Standard Motor Products, Inc [NYSE: SMP] gained 1.97% on the last trading session, reaching $23.82 price per share at the time.
If compared to the average trading volume of 180.56K shares, SMP reached a trading volume of 185575 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Standard Motor Products, Inc [SMP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMP shares is $40.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMP stock is a recommendation set at 1.00. 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.
MKM Partners have made an estimate for Standard Motor Products, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 10, 2022. The new note on the price target was released on June 26, 2020, representing the official price target for Standard Motor Products, Inc stock.
The Average True Range (ATR) for Standard Motor Products, Inc is set at 0.99, with the Price to Sales ratio for SMP stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 2.03. Price to Free Cash Flow for SMP in the course of the last twelve months was 15.94 with Quick ratio for the last quarter at 0.64.
Trading performance analysis for SMP stock
Standard Motor Products, Inc [SMP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.96. With this latest performance, SMP shares dropped by -9.08% in over the last four-week period, additionally sinking by -23.41% over the last 6 months – not to mention a drop of -25.61% 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 SMP stock in for the last two-week period is set at 44.13, with the RSI for the last a single of trading hit 50.10, and the three-weeks RSI is set at 41.09 for Standard Motor Products, Inc [SMP]. The present Moving Average for the last 50 days of trading for this stock 27.00, while it was recorded at 22.92 for the last single week of trading, and 30.46 for the last 200 days.
Standard Motor Products, Inc [SMP]: A deeper dive into fundamental analysis
Standard Motor Products, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 2.11.
An analysis of Institutional ownership at Standard Motor Products, Inc [SMP]
There are presently around $79.20%, or 83.00%% of SMP stock, in the hands of institutional investors. The top three institutional holders of SMP stocks are: BLACKROCK INC. with ownership of 3.31 million shares, which is approximately 15.2054%. DIMENSIONAL FUND ADVISORS LP, holding 1.54 million shares of the stock with an approximate value of $$42.57 million in SMP stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $$41.77 million in SMP stock with ownership which is approximately 6.871%.
