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ASTE
Stock ticker: NASDAQ
AS OF
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Capitalization
1.07B

ASTE Astec Industries Forecast, Technical & Fundamental Analysis

a manufacturer of equipment for aggregate processing, asphalt road building and pipeline

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ASTE with price predictions
08:00 PM EDT Sep 25, 2023

ASTE in downward trend: 10-day moving average broke below 50-day moving average on September 15, 2023

The 10-day moving average for ASTE crossed bearishly below the 50-day moving average on September 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ASTE as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ASTE moved below its 50-day moving average on September 12, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for ASTE'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 shows that the ticker has stayed in the oversold zone for 14 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 ASTE advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

ASTE 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 173 cases where ASTE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (1.655) is normal, around the industry mean (1.898). P/E Ratio (42.918) is within average values for comparable stocks, (32.216). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.782). Dividend Yield (0.011) settles around the average of (0.036) among similar stocks. P/S Ratio (0.786) is also within normal values, averaging (108.934).

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. ASTE’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 71, 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.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE).

Industry description

The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.

Market Cap

The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 9.54B. The market cap for tickers in the group ranges from 223.29K to 139.92B. CAT holds the highest valuation in this group at 139.92B. The lowest valued company is OSRS at 223.29K.

High and low price notable news

The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -2%. AMMX experienced the highest price growth at 33%, while ZEVY experienced the biggest fall at -68%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -45%. For the same stocks of the Industry, the average monthly volume growth was 11% and the average quarterly volume growth was 148%

Fundamental Analysis Ratings

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

Valuation Rating: 44
P/E Growth Rating: 67
Price Growth Rating: 54
SMR Rating: 60
Profit Risk Rating: 70
Seasonality Score: -21 (-100 ... +100)
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A.I. Advisor
published Earnings

ASTE is expected to report earnings to fall 39.08% to 52 cents per share on November 01

Astec Industries ASTE Stock Earnings Reports
Q3'23
Est.
$0.53
Q2'23
Beat
by $0.19
Q1'23
Beat
by $0.05
Q4'22
Missed
by $0.05
Q3'22
Missed
by $0.47
The last earnings report on August 02 showed earnings per share of 87 cents, beating the estimate of 68 cents. With 36.47K shares outstanding, the current market capitalization sits at 1.07B.
A.I.Advisor
published Dividends

ASTE paid dividends on August 31, 2023

Astec Industries ASTE Stock Dividends
А dividend of $0.13 per share was paid with a record date of August 31, 2023, and an ex-dividend date of August 10, 2023. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of equipment for aggregate processing, asphalt road building and pipeline

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
Trucks Or Construction Or Farm Machinery
Address
1725 Shepherd Road
Phone
+1 423 899-5898
Employees
4291
Web
https://www.astecindustries.com
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ASTE and

Correlation & Price change

A.I.dvisor indicates that over the last year, ASTE has been closely correlated with TEX. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASTE jumps, then TEX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASTE
1D Price
Change %
ASTE100%
-1.29%
TEX - ASTE
68%
Closely correlated
-0.72%
CAT - ASTE
66%
Loosely correlated
-1.73%
PCAR - ASTE
64%
Loosely correlated
-1.87%
AGCO - ASTE
61%
Loosely correlated
-0.79%
OSK - ASTE
60%
Loosely correlated
-1.09%
More

Groups containing ASTE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASTE
1D Price
Change %
ASTE100%
-1.29%
ASTE
(undefined stocks)
91%
Closely correlated
+2.55%
roads
(undefined stocks)
73%
Closely correlated
+1.88%
farm machinery
(undefined stocks)
71%
Closely correlated
+1.17%
Trucks/Construction/Farm Machinery
(undefined stocks)
71%
Closely correlated
+0.41%
construction
(undefined stocks)
71%
Closely correlated
+0.96%
More