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AYI
Stock ticker: NYSE
AS OF
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Price
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Capitalization
5.59B

AYI Acuity Brands Forecast, Technical & Fundamental Analysis

a producer of indoor and outdoor lighting fixtures

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for AYI with price predictions
07:00 PM EST Nov 26, 2023

AYI's RSI Indicator reaches into overbought territory

The RSI Indicator for AYI moved into overbought territory on November 27, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

AYI broke above its upper Bollinger Band on November 14, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on AYI as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AYI just turned positive on November 06, 2023. Looking at past instances where AYI's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

AYI moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AYI crossed bullishly above the 50-day moving average on November 13, 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 .

The 50-day moving average for AYI moved above the 200-day moving average on November 16, 2023. 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 AYI advanced for three days, in of 344 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 264 cases where AYI 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AYI’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 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 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 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 (2.769) is normal, around the industry mean (5.084). P/E Ratio (16.750) is within average values for comparable stocks, (32.682). Projected Growth (PEG Ratio) (1.342) is also within normal values, averaging (2.865). Dividend Yield (0.003) settles around the average of (0.025) among similar stocks. P/S Ratio (1.468) is also within normal values, averaging (23.512).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ), SunPower Corp (NASDAQ:SPWR), GrafTech International Ltd (NYSE:EAF), FuelCell Energy (NASDAQ:FCEL).

Industry description

The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.

Market Cap

The average market capitalization across the Electrical Products Industry is 3.82B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -19%. ILIKF experienced the highest price growth at 31%, while EGTYF experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -2%

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: 70
Price Growth Rating: 58
SMR Rating: 73
Profit Risk Rating: 81
Seasonality Score: -1 (-100 ... +100)
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A.I. Advisor
published Earnings

AYI is expected to report earnings to fall 19.40% to $3.20 per share on January 10

Acuity Brands AYI Stock Earnings Reports
Q4'23
Est.
$3.20
Q3'23
Beat
by $0.25
Q2'23
Beat
by $0.03
Q1'23
Beat
by $0.34
Q4'22
Beat
by $0.27
The last earnings report on October 04 showed earnings per share of $3.97, beating the estimate of $3.72. With 8.27K shares outstanding, the current market capitalization sits at 5.59B.
A.I.Advisor
published Dividends

AYI paid dividends on November 01, 2023

Acuity Brands AYI Stock Dividends
А dividend of $0.13 per share was paid with a record date of November 01, 2023, and an ex-dividend date of October 17, 2023. Read more...
A.I. Advisor
published General Information

General Information

a producer of indoor and outdoor lighting fixtures

Industry ElectricalProducts

Profile
Fundamentals
Details
Industry
Electrical Products
Address
1170 Peachtree Street, N.E.
Phone
+1 404 853-1400
Employees
12200
Web
https://www.acuitybrands.com
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AYI and

Correlation & Price change

A.I.dvisor indicates that over the last year, AYI has been loosely correlated with NVT. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if AYI jumps, then NVT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AYI
1D Price
Change %
AYI100%
+1.11%
NVT - AYI
61%
Loosely correlated
+0.37%
ATKR - AYI
57%
Loosely correlated
-1.25%
WIRE - AYI
51%
Loosely correlated
-0.44%
AEIS - AYI
49%
Loosely correlated
-0.02%
HUBB - AYI
47%
Loosely correlated
+0.02%
More

Groups containing AYI

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AYI
1D Price
Change %
AYI100%
+1.11%
indoor
(undefined stocks)
95%
Closely correlated
-0.68%
smart home
(undefined stocks)
71%
Closely correlated
+0.10%
power
(undefined stocks)
69%
Closely correlated
+0.70%
electrical
(undefined stocks)
64%
Loosely correlated
+0.75%
outdoor
(undefined stocks)
60%
Loosely correlated
+0.87%
More