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.
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:
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:
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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ACCO declined for three days, in of 292 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for ACCO moved out of overbought territory on September 22, 2023. 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 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where ACCO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ACCO as a result. In of 95 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 broke above its upper Bollinger Band on September 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Moving Average Convergence Divergence (MACD) for ACCO just turned positive on September 01, 2023. Looking at past instances where ACCO's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
ACCO moved above its 50-day moving average on September 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ACCO crossed bullishly above the 50-day moving average on September 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 ACCO advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 145 cases where ACCO 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 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 (0.660) is normal, around the industry mean (1.994). P/E Ratio (25.773) is within average values for comparable stocks, (33.290). ACCO's Projected Growth (PEG Ratio) (0.374) is slightly lower than the industry average of (1.291). Dividend Yield (0.052) settles around the average of (0.035) among similar stocks. P/S Ratio (0.291) is also within normal values, averaging (1.228).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ACCO’s price grows at a higher 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 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 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of office equipment
A.I.dvisor indicates that over the last year, ACCO has been loosely correlated with AVY. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if ACCO jumps, then AVY could also see price increases.