What are the chances of Worthington Industries (NYSE:WOR) to fall in October?


USD 56.92  0.63  1.12%   

The predictive indicators we use to evaluate Worthington help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Worthington Industries. We apply different methods to arrive at the intrinsic value of Worthington based on widely used predictive technical indicators. In this post we will sum up Worthington Industries. We will analyze why it could be a much better year for Worthington Industries shareholders.
Published over two months ago
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The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Worthington Industries has an asset utilization ratio of 254.21 percent. This connotes that the company is making $2.54 for each dollar of assets. An increasing asset utilization means that Worthington Industries is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Worthington Industries stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Worthington Industries, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Worthington Industries based on Worthington Industries hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Worthington Industries's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Worthington Industries's related companies.

Use Technical Analysis to project Worthington expected Price

Worthington Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Worthington Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Worthington Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How does Worthington utilize its cash?

To perform a cash flow analysis of Worthington Industries, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Worthington Industries is receiving and how much cash it distributes out in a given period. The Worthington Industries cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Worthington Industries Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Worthington Industries reported last year Net Cash Flow from Operations of 70.11 Million

A Deeper look at Worthington

The modest gains experienced by current holders of Worthington Industries may raise some interest from retail investors as it is trading at a share price of 49.10 on 198,200 in trading volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in August. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.99. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.

Worthington is expecting lower volatility in October

The market risk adjusted performance is down to 0.11 as of today. Worthington Industries has relatively low volatility with skewness of 0.53 and kurtosis of 0.03. However, we advise all investors to independently investigate Worthington Industries to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Worthington Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Worthington Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Takeaway

While some firms under the metal fabrication industry are still a bit expensive, Worthington Industries may offer a potential longer-term growth to retail investors. Taking everything into account, as of the 29th of September 2022, we believe Worthington Industries is currently undervalued. It follows the market closely and projects low chance of financial distress in the next two years. Our up-to-date 90 days advice on the enterprise is Strong Buy.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Worthington Industries. Please refer to our Terms of Use for any information regarding our disclosure principles.

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