AstroNova, Inc. (ALOT) Stock: Why It’s Headed For The Top

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AstroNova, Inc. (ALOT) is working its way for to the top in the market in today’s trading session. The stock, focused on the technology sector, is currently trading at $19.90 after climbing 1.42% so far in today’s session. When it comes to technology companies, there are several aspects that have the ability to lead to gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories associated with ALOT:

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Mar-22-19 08:25AM Edited Transcript of ALOT earnings conference call or presentation 14-Mar-19 1:00pm GMT
Mar-21-19 08:30AM AstroNova to Present at Sidoti & Company Spring 2019 Investor Conference
Mar-15-19 04:25PM AstroNova Declares Regular Quarterly Dividend
Mar-14-19 07:54AM AstroNova: Fiscal 4Q Earnings Snapshot
07:30AM AstroNova Announces Record Fiscal 2019 Fourth-Quarter and Full-Year Financial Results

However, when making a decision to invest, prospective investors should look into far more than news, especially in the ever changing tech space. Here’s what’s happening in regard to AstroNova, Inc..

Recent Moves From ALOT

Although a gain in a single session, like the gain that we’re seeing from AstroNova, Inc. may cause excitement in some investors, a single session gain alone should not be the reason for a decision to, or not to, invest in a company. It is always a good idea to dig into trends beyond a single session. In the case of ALOT, below are the movements that we have seen:

  • Past 5 Sessions – Over the last 5 trading sessions, ALOT has generated a price change amounting to 0.49%.
  • Past Month – The monthly ROI from AstroNova, Inc. has been 3.75%.
  • Past Three Months – Over the past 3 months, the stock has produced a return on investment of 10.55%
  • Bi-Annually – In the past 6 months, investors have seen a performance that works out to -8.09% from the company.
  • Year To Date – Since the open of this year ALOT has generated a return on investment of 6.13%.
  • Annually – Finally, over the past year, we’ve seen performance in the amount of 32.66% from ALOT. Over this period, the stock has traded at a high price of -16.92% and a low of 35.36%.

Ratios Worth Watching

Digging into a few key ratios associated with a company generally gives investors an understanding of how dangerous and/or potentially profitable a an investment option might be. Here are a few of the important ratios to consider when looking at ALOT.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. As the short ratio climbs, it means that more investors are expecting that the value of the stock is headed for declines. Throughout the sector, strong technology stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, in regard to AstroNova, Inc., it’s short ratio amounts to 0.41.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure If a company is able to pay its debts as they mature with only quick assets or current assets. Because in tech, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, some good picks in the technology space do have strong current and quick ratios. In terms of ALOT, the quick and current ratios add up to 1.40 and 2.70 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price. In this particular case, that ratio equates to 9.73.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. As it relates to ALOT, the cash to share value is 1.13.

Investors Tend To Follow The Big Money

An interesting fact I’ve come to understand in my brief time on Earth is that smart investors tend to follow big money players. Usually, investors that want to keep their investments relatively safe will watch investments made by institutions as well as insiders. With that said, is big money flowing as it relates to ALOT? Here’s the information:

  • Institutions – As it stands now, institutional investors own 58.80% of AstroNova, Inc.. However, it is important to consider that institutional ownership has moved in the amount of -3.25% in the last quarter.
  • Insider Moves – When it comes to insiders, those close to the situation currently hold 5.00% of the company. Insider ownership of the company has moved -3.09% in the past 3 months.

Analyst Opinions With Regard To AstroNova, Inc.

While it’s never a smart idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own due diligence when it comes to making an investment decision in the tech space. Here are the most recent moves that we’ve seen from analysts with regard to ALOT.

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Jun-08-15 Initiated Singular Research Buy $23

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0.22. Over the last 5 years, ALOT has generated revenue in the amount of $13.10% with earnings coming in at 18.20%. On a quarter over quarter basis, earnings have seen movement of -5.00% and revenue has seen movement of 18.80%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 6.89M shares of AstroNova, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ALOT has a float of 5.93M.

I also like to dig into the short float. After all, when a large portion of the float is sold short, the overall opinion in the market is that the equity is going to take a dive. In regard to ALOT, the percentage of the float that is sold short comes to a total of 0.08%. In general, high short percent of the float would be considered to be anything over 40%. Through my work, I’ve seen that anything over 26% is usually a risky play.

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