AIT
AS OF
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Capitalization
5.1B
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AIT Trading results, last 6 months
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AIT
Stock ticker:
NYSE
AS OF
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Price
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Capitalization
5.1B

AIT Price Prediction, Applied Industrial Technologies AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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AIT Trading results, last 6 months
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a Summary for AAPL with price predictions
12:00 AM EDT Mar 23, 2023

AIT in downward trend: price dove below 50-day moving average on March 22, 2023

AIT moved below its 50-day moving average on March 22, 2023 date and that indicates a change from an upward trend to a downward trend. In 32 of 49 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 65%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 10, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AIT as a result. In of 93 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 AIT turned negative on February 15, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for AIT crossed bearishly below the 50-day moving average on March 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 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 AIT 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 AIT entered a downward trend on March 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AIT advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

AIT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 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 (3.937) is normal, around the industry mean (3.959). P/E Ratio (16.978) is within average values for comparable stocks, (25.115). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.898). Dividend Yield (0.010) settles around the average of (0.029) among similar stocks. P/S Ratio (1.242) is also within normal values, averaging (1.654).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AIT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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A.I. Advisor
published Earnings

AIT is expected to report earnings to fall 13.66% to $1.77 per share on April 27

Applied Industrial Technologies AIT Stock Earnings Reports
Q1'23
Est.
$1.77
Q4'22
Beat
by $0.39
Q3'22
Beat
by $0.32
Q2'22
Beat
by $0.36
Q1'22
Beat
by $0.24
The last earnings report on January 26 showed earnings per share of $2.05, beating the estimate of $1.66. With 186.43K shares outstanding, the current market capitalization sits at 5.10B.
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A.I.Advisor
published Dividends

AIT paid dividends on February 28, 2023

Applied Industrial Technologies AIT Stock Dividends
А dividend of $0.35 per share was paid with a record date of February 28, 2023, and an ex-dividend date of February 14, 2023. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Fastenal Company (NASDAQ:FAST).

Industry description

Companies in this industry handle the wholesale shipments for the manufacturer of a product. They have warehouses and distribution centers, and they ship products directly to the retailer. Digitization, increasing competition, emerging customer demand, and product innovation are some of shifts that the industry has been facing in recent times – something that is potentially creating needs/opportunities for business model revisions or transformations. Data, analytics, and technology are becoming increasingly important for whole distributors in anticipating and analyzing consumer needs, and therefore planning their business strategies accordingly. Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company and Pool Corporation are some of the largest names in the business.

Market Cap

The average market capitalization across the Wholesale Distributors Industry is 6.15B. The market cap for tickers in the group ranges from 70.2K to 33.44B. GWW holds the highest valuation in this group at 33.44B. The lowest valued company is SCOO at 70.2K.

High and low price notable news

The average weekly price growth across all stocks in the Wholesale Distributors Industry was -0%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 14%. ADRZF experienced the highest price growth at 16%, while TITN experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Wholesale Distributors Industry was -31%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -35%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 61
Price Growth Rating: 48
SMR Rating: 49
Profit Risk Rating: 60
Seasonality Score: -4 (-100 ... +100)
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published General Information

General Information

a distributor of bearings, power transmission components and other industrial products

Industry WholesaleDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
1 Applied Plaza
Phone
+1 216 426-4000
Employees
6200
Web
https://www.applied.com
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AIT and

Correlation & Price change

A.I.dvisor indicates that over the last year, AIT has been loosely correlated with MSM. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if AIT jumps, then MSM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AIT
1D Price
Change %
AIT100%
-0.47%
MSM - AIT
63%
Loosely correlated
-0.31%
FAST - AIT
57%
Loosely correlated
-0.17%
GWW - AIT
56%
Loosely correlated
-0.48%
WCC - AIT
56%
Loosely correlated
-2.21%
SITE - AIT
50%
Loosely correlated
+0.69%
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