The stock of MSA Safety Incorporated (NYSE:MSA) is now priced at $113.5 and the shares are 1.66 points up or 1.48% higher compared to its previous closing price of $111.84. The stock had 142621 contracts set over the past session. MSA shares’ daily volume is compared to its average trading volume at 0.319 million shares. However, it has a float of 36.03 million and although its performance was 2.58% over the week, it’s one to watch. Analysts have given the MSA stock a yearly average price target of $130.67 per share. It means the stock’s upside potential is 15.13% with the MSA share price recently placing at $111.12 to $113.63. However, some brokerage firms have priced the stock below the average, including one that has called $120.
The shorts are running away from the MSA Safety Incorporated stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the MSA shares have declined. Short interest in the stock represents just 5.54% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, MSA Safety Incorporated (NYSE:MSA) raised by $2.86 over the week and gained $1.31 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $142.34. The stock recorded its established 52-week high on 02/13/20.
Since 03/23/20, the stock has traded to a low of $83.57 at 35.81%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.1. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, MSA Safety Incorporated’s two-week RSI is 53.3. This suggests that the stock is neutral at the moment and that MSA shares’ price movement remains stable. The stochastic readings are equally revealing at 77.94% meaning the MSA share price is currently in oversold territory.
The technical chart shows that the MSA stock will likely settle at between $114.38 and $115.26 per share. However, if the stock dips below $111.87, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $110.24.
Currently, the stock is trading in the green of MACD, with a reading of 0.74. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Sidoti raised their recommendation for MSA from Neutral to Buy in March 24 review while maintain their target price of $113. William Blair analysts see the stock as a Mkt Perform with a target price of $ in a flash note released to investors on January 10 initiating covering the stock. Robert W. Baird seeing the stock struggling downgraded it from Outperform to Neutral on December 21.
The average rating for the MSA equity is 2 and is currently gathering a bullish momentum. Of 4 analysts tracking MSA Safety Incorporated polled by Reuters, 2 rated MSA as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the MSA stock price is 23.09X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for MSA Safety Incorporated (NYSE:MSA) will decrease by about -99.91%, which will see them reach $314.23 million. The company’s full-year revenues are, however, expected to diminish by about -2.14%, down from $1400 million to $1370 million. MSA’s expected adjusted earnings should drop almost -22.13% to end up at $0.95 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -8.12% to record $4.41/share.