Office Equipment Sector Stocks ( $ACCO,$EBF,$HNI,$ACTG,$SCS) Posted an Average Gain of 6.3% in the Last Month
The Office Equipment and Supplies industry encompasses a wide range of products and services essential to the daily operations of businesses and organizations. From basic items like blank sheet paper, calendars, label and adhesive paper, paper clips, janitorial supplies to more expensive goods like computers, printers, photocopiers, and office furniture. This industry has also seen expansion into related areas like business cards, high-quality printing, and binding of business and engineering documents. Additionally, some players in the industry offer shipping services including packaging and bulk mailing. Notable companies in this industry include Herman Miller, Inc., Steelcase Inc., and HNI Corporation.
Market Capitalization
Within this industry, the average market capitalization across the group stands at $772.3M, ranging from $398.5M to $1.4B. HNI Corporation takes the lead with the highest valuation of $1.4B, while the lowest valued company is ACTG at $398.5M. In a broader view, the Office Equipment/Supplies Industry has an average market capitalization of $1.8B, with the range from as low as 542.3K to a staggering $90B.
Price Movements: Highs and Lows
The group under consideration experienced an average weekly price growth of 2.8% and a monthly price growth of 7.48%. The quarterly view saw a slight decline of -0.44%. Specific notable movements include ACCO's highest price growth at 6.43% and HNI's smallest fall at 0.42%. In contrast, the entire Office Equipment/Supplies Industry had an average monthly price growth of just 2.97%.
Recent price action:
- 7/8/23: Acco Brands (ACCO, $5.5) was a top weekly gainer, with a +5.57% jump.
- 6/24/23: Acco Brands (ACCO, $4.98) and Acacia Research (ACTG, $4.14) were top losers this week, declining by -5.14% and -8.81% respectively.
Volume Analysis
The average weekly volume growth across the group was -10.29%, with the monthly and quarterly volume growth at -24.21% and -28.5% respectively. Noteworthy volume spikes include:
- 6/24/23: HNI stock's record-breaking daily growth of 474% of the 65-Day Volume Moving Average.
- 6/17/23: Acacia Research stock's daily growth of 218% of the 65-Day Volume Moving Average.
- 3/18/23: Ennis stock's daily growth of 460% of the 65-Day Volume Moving Average.
The broader Office Equipment/Supplies Industry experienced slightly less contraction in volume, with average monthly volume growth at -13.14% and quarterly at -22.59%.
Fundamental Analysis Ratings
Although specific ratings are not provided, the industry and the group under examination have fundamental analysis ratings based on a scale where 1 is best and 100 is worst. These ratings offer insights into the underlying health and potential of the companies within this sector.
The Office Equipment and Supplies sector showed an impressive average monthly gain of 6.3% in the last month. This growth demonstrates the dynamic nature of this sector, as it continues to evolve and expand into related markets, further strengthening its position in the global economy. Investors and market watchers would do well to keep an eye on this vibrant and diverse industry, as it continues to shape the way businesses operate and thrive.
SCS - Steelcase :
On August 1, 2023, Steelcase Inc. (SCS) witnessed its 50-day Moving Average (MA) cross above the 200-day MA. This significant crossover is often interpreted by market analysts as a bullish signal, indicating a possible long-term upward trend for the stock. In the world of technical analysis, when a shorter-term MA crosses above a longer-term MA, it can suggest that recent gains are more than just short-term fluctuations and may continue. For current and potential investors in SCS, this trend might be seen as a favorable development, aligning with a positive market outlook for the company. While this signal alone shouldn't dictate investment decisions, it's a positive aspect that could be considered along with other market data and insights in forming a comprehensive investment strategy.
HNI - HNI Corp :
HNI Corporation (HNI) recently experienced a significant event in its stock price movement. On July 19, 2023, its Momentum Indicator moved above the zero level, which is often interpreted as a bullish signal. This shift indicates the stock could be entering a new phase of upward momentum, suggesting an enhanced investment appeal. Therefore, traders might want to consider augmenting their positions in the stock or buying call options.
In analyzing historical trends, Tickeron's A.I.dvisor examined 103 instances where a similar positive momentum shift occurred. Intriguingly, in 74 out of these 103 instances, the stock price moved higher in subsequent trading sessions. This suggests that there's a 72% probability that HNI's stock price will follow the same upward trajectory, based on historical precedent.
While every trading decision should be made with a well-rounded understanding of the market conditions and company fundamentals, the Momentum Indicator's shift above zero presents a promising indication for potential investors. The upward momentum, supported by Tickeron's A.I. analysis, shows a higher probability of continued growth, making HNI a stock to watch closely in the coming days.
EBF - Ennis :
Ennis Inc. (EBF) marked a significant milestone on June 27, 2023, as its price crossed above the 50-day Moving Average (MA), indicating a potential shift from a bearish to a bullish trend. This pattern is often seen as a positive sign among market analysts, pointing towards a possible upward momentum in the near future.
Historical data offers further insights: in 33 out of 59 similar occurrences where EBF's price ascended above its 50-day MA, the stock continued to increase in the following month. This represents a probability of 56% for sustained upward movement.
For investors monitoring EBF, these statistics might signal a promising opportunity. While historical trends should be interpreted with caution and not used as the sole basis for investment decisions, they can form part of a broader analysis. In conjunction with a thorough review of EBF's fundamentals and market context, this bullish trend could be an enticing factor for both short-term traders and long-term investors considering the stock. The upward shift above the 50-day MA adds to the optimistic view on EBF, making it a stock to watch in the subsequent trading weeks.
ACCO in upward trend: price may jump up because it broke its lower Bollinger Band on October 23, 2024
ACCO 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 40 cases where ACCO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ACCO's RSI Indicator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day moving average for ACCO moved above the 200-day moving average on October 15, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACCO advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ACCO as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ACCO moved below its 50-day moving average on October 18, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ACCO crossed bearishly below the 50-day moving average on October 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 ACCO 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 ACCO entered a downward trend on October 28, 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 seriously undervalued 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 (0.655) is normal, around the industry mean (1.108). P/E Ratio (11.069) is within average values for comparable stocks, (25.652). ACCO's Projected Growth (PEG Ratio) (0.421) is slightly lower than the industry average of (1.036). ACCO has a moderately high Dividend Yield (0.055) as compared to the industry average of (0.032). P/S Ratio (0.282) is also within normal values, averaging (0.942).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ACCO’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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ACCO’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 70, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of office equipment
Industry OfficeEquipmentSupplies