Intel stock spikes after report of possible US government stake
In a challenging market environment, Spartan Motors , Inc. (NASDAQ: NASDAQ:SHYF) has seen its stock price descend to a 52-week low, touching $9.8. According to InvestingPro data, the stock’s beta of 1.65 indicates higher volatility than the broader market, while maintaining a 38-year track record of consistent dividend payments. This latest price level reflects a notable downturn from the company’s performance over the past year, with the stock experiencing a 1-year change of -2.28%. While the company posted revenue of $786.18M in the last twelve months, InvestingPro analysis suggests the stock is currently undervalued, with analysts projecting a return to profitability this year. The 52-week low serves as a critical juncture for Spartan Motors, as market participants consider the stock’s potential for rebound or further decline in the coming months. Discover more insights and 8 additional ProTips for SHYF with an InvestingPro subscription.
In other recent news, The Shyft Group reported its fourth-quarter earnings for 2024, revealing an earnings per share (EPS) of $0.15, which met analyst expectations, although revenue fell short at $201.4 million compared to the anticipated $213.24 million. Despite this revenue miss, the company remains optimistic about significant sales and EBITDA growth in 2025, projecting sales between $870 million and $970 million. The Shyft Group’s strategic collaboration with Isuzu North America is expected to enhance its North American operations, with plans for a new production facility in Greenville County, South Carolina, set to begin in 2027.
Furthermore, DA Davidson analyst Michael D. Shlisky maintained a Buy rating for The Shyft Group, with a price target of $15.00, citing a positive outlook despite the company’s slightly trailing 2025 guidance. The analyst highlighted the potential benefits of The Shyft Group’s pending merger with Aebi Schmidt, which is anticipated to create a stronger presence in the specialty vehicles market. The Shyft Group is also focused on expanding its electric vehicle offerings, with the BlueARC EV truck production and deliveries to FedEx (NYSE:FDX) already underway.
Additionally, the company plans to establish a dedicated upfit and modification center near Isuzu’s Greenville plant to support vehicle modifications and other services. This strategic partnership and upcoming merger are expected to drive long-term growth and operational efficiencies for The Shyft Group.
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