On May 3, ALL is expected to report earnings that are 32% higher than the previous quarter, with earnings per share expected to be -93 cents. This is a significant improvement from the previous quarter's earnings of -136 cents per share, which missed the estimated earnings of -102 cents per share. As a technical analyst, it is important to look beyond just the earnings report and analyze the company's financial ratios and technical indicators to gain a better understanding of the company's performance.
Firstly, let's take a look at the price-to-book (P/B) ratio, which compares the company's market value to its book value. ALL's P/B ratio of 1.967 is around the industry mean of 1.911, indicating that the stock is trading at a fair value relative to its book value.
Next, the price-to-earnings (P/E) ratio compares the company's current stock price to its earnings per share. ALL's P/E ratio of 40.000 is within average values for comparable stocks, which have an average P/E ratio of 104.447. This indicates that investors are willing to pay a reasonable price for the company's earnings.
The projected growth (PEG) ratio is a metric that combines the P/E ratio with the company's expected growth rate. A PEG ratio of 1 or below is considered healthy, while a ratio above 1 may indicate an overvalued stock. ALL's PEG ratio of 3.439 is within normal values, averaging 2.249, indicating that the stock is not overvalued relative to its expected growth rate.
Another important metric to consider is the dividend yield, which measures the company's annual dividend payment as a percentage of its stock price. ALL's dividend yield of 0.030 settles around the average of 0.044 among similar stocks, indicating that the company is paying a reasonable dividend relative to its stock price.
Finally, the price-to-sales (P/S) ratio compares the company's stock price to its revenue per share. ALL's P/S ratio of 0.611 is also within normal values, averaging 1.337, indicating that the stock is trading at a fair value relative to its revenue.
Looking at the technical indicators, we can see that ALL's MACD Histogram crossed above the signal line on March 30, 2023, indicating a bullish trend. Examining past instances where ALL's MACD turned positive, we can see that the stock continued to rise in 36 of 49 cases over the following month. This gives us a 73% chance of a continued upward trend.
While ALL's previous earnings report missed estimates, the company's financial ratios and technical indicators suggest that the stock is trading at fair values and has the potential for a continued upward trend. As always, it is important to conduct thorough research and analysis before making any investment decisions.
ALL moved below its 50-day moving average on May 24, 2023 date and that indicates a change from an upward trend to a downward trend. In of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 23, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ALL as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ALL turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator entered the oversold zone -- be on the watch for ALL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for ALL crossed bullishly above the 50-day moving average on May 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ALL advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
ALL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 344 cases where ALL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.855) is normal, around the industry mean (1.880). P/E Ratio (40.000) is within average values for comparable stocks, (104.000). Projected Growth (PEG Ratio) (3.439) is also within normal values, averaging (1.688). Dividend Yield (0.031) settles around the average of (0.044) among similar stocks. P/S Ratio (0.554) is also within normal values, averaging (1.269).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ALL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows