The mechanical industry is a diverse and dynamic sector that encompasses a range of services related to construction, defense/aerospace, industrial operations, and several other purposes. This category features prominent companies such as MYR Group Inc., Emcor Group, Inc., and Intest Corp., each contributing to the robust growth and development within this sector.
🌐Tickers in Industry - $INTT, $MYRG, $CYCC, $EME, $LKQ, $TMST
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Impressive Market Capitalization
The mechanical sector boasts an impressive average market capitalization of $4.3 billion. The companies within this theme exhibit a wide range of valuations, stretching from a modest $3.7 million to a substantial $12.2 billion. LKQ stands at the forefront with the highest valuation of $12.2 billion, while Cyclacel Pharmaceuticals (CYCC) has the smallest market cap at $3.7 million.
Notable Price Movements
The mechanical industry has witnessed significant price fluctuations. On average, weekly price growth for stocks in this theme was 208.49%, with monthly growth reaching 187.62% and quarterly growth at 70.04%. MYR Group experienced the most considerable price increase at 11.48%, whereas Cyclacel Pharmaceuticals faced the steepest decline at -12.03%.
Key Highlights:
Volume Growth
The mechanical sector also saw remarkable growth in terms of trading volume:
The mechanical industry has demonstrated exceptional growth and vitality over the past month. The significant gains in market capitalization, price, and volume growth across various companies underscore the industry's robust performance and potential for future growth.
EME : On December 13, 2023, Emcor Group, Inc. (EME) exhibited a bullish signal as its Moving Average Convergence Divergence (MACD) histogram crossed above the signal line. Historical data reveals that in 39 out of 51 instances when EME's MACD turned positive, the stock experienced an upward trajectory over the subsequent month. This pattern suggests a robust 76% probability of continued growth for EME, highlighting a potential opportunity for investors to capitalize on this upward trend in the stock's performance.
LKQ : On December 14, 2023, LKQ Corporation marked a significant shift in its stock trajectory by rising above its 50-day Moving Average. This move signals a transition from a previously declining trend to a promising upward trend. Historical analysis shows that in 31 out of 40 comparable scenarios, LKQ's stock continued to climb in the following month. This pattern indicates a strong likelihood of 77% for the stock's sustained upward movement, presenting a potentially advantageous opportunity for investors observing LKQ's evolving market performance.
TMST : TimkenSteel Corporation (TMST) has hit a bullish milestone as its Moving Average Convergence Divergence (MACD) shifted to positive on December 11, 2023. Historical performance analysis reveals a strong trend: in 41 out of 50 instances where TMST's MACD turned positive, the stock demonstrated further upward movement in the subsequent month. This trend suggests a high probability of 82% for continued upward momentum, signaling a potentially favorable outlook for TMST investors banking on the stock's robust performance trend.
INTT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where INTT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where INTT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 INTT advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for INTT moved out of overbought territory on April 05, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INTT as a result. In of 92 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 INTT turned negative on May 07, 2024. 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 59 similar instances when the indicator turned negative. In of the 59 cases the stock turned lower in the days that followed. This puts the odds of success at .
INTT moved below its 50-day moving average on May 07, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for INTT crossed bearishly below the 50-day moving average on April 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTT 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 Aroon Indicator for INTT entered a downward trend on May 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 (1.709) is normal, around the industry mean (6.874). P/E Ratio (16.861) is within average values for comparable stocks, (52.284). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.219). INTT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (1.273) is also within normal values, averaging (32.970).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. INTT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of mechanical, thermal and electrical products
Industry Semiconductors