Flexsteel Industries, Stock Price Drops Below 200-day Moving Average
January 17, 2023
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The company specializes in the production of residential and contract upholstered furniture, as well as recreational vehicles, office furniture, and metal products used in the manufacture of furniture. Today, the stock price of Flexsteel Industries ($NASDAQ:FLXS), Inc. fell below its 200-day moving average of $16.43. This is a significant development as the 200-day moving average is a key indicator of a stock’s long-term trend. A stock price closing below its 200-day moving average suggests that investors are losing confidence in the company’s future growth potential. The reasons for the stock price dip are not immediately clear but the company’s overall performance has been less than stellar in recent months. This was mainly due to higher operating expenses and lower gross margins.
In addition, the company has been facing intense competition from other furniture makers, which has put pressure on its market share and profitability. The stock’s decline below its 200-day moving average will likely cause investors to take a more cautious approach when it comes to investing in Flexsteel Industries, Inc. shares. The company’s management will need to take decisive steps to rebuild investor confidence and reassure them that the company is capable of delivering long-term profitability. In the short-term, investors should keep a close eye on Flexsteel Industries Inc.’s performance and any news that might impact its stock price in the future.
Stock Price
At the time of writing, media sentiment is mostly positive towards the company, but the stock price continues to struggle. On Thursday, FLEXSTEEL INDUSTRIES stock opened at $15.9 and closed at $15.9. The company has seen a decrease in their stock price over the last few weeks, which could be due to a number of factors. It is possible that investors are concerned about the company’s recent financial performance, as they have recently reported lower than expected earnings.
In addition, uncertainty in the overall stock market could be causing investors to be more cautious with their investments. Flexsteel Industries, Inc. will need to take steps to improve their stock price if they want to remain competitive in the market. They could focus on strengthening their financial performance by reducing expenses and increasing revenue.
Additionally, they could work on improving their public image by focusing on public relations and marketing efforts. This could help to improve investor confidence in the company and help to stabilize their stock price in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flexsteel Industries. More…
| Total Revenues | Net Income | Net Margin |
| 502.28 | -2.21 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flexsteel Industries. More…
| Operations | Investing | Financing |
| 65.3 | -4.42 | -60.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flexsteel Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 278.52 | 147.44 | 24.82 |
Key Ratios Snapshot
Some of the financial key ratios for Flexsteel Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 8.2% | 0.3% |
| FCF Margin | ROE | ROA |
| 12.0% | 0.6% | 0.3% |
VI Analysis
Flexsteel Industries is a company with potential for long-term success, and the fundamentals of the company can easily be understood using the VI app. Through this app, Flexsteel Industries is given a medium risk rating when it comes to financial and business aspects. This means that investors should be aware that there is a moderate level of risk associated with investing in this company. VI app is a great tool to get detailed insight into the company’s financial health and business operations. It can help investors identify areas of potential risk and gain a better understanding of the company’s financial standing. It can also provide investors with an understanding of how the company may perform in the future. When making an investment in Flexsteel Industries, investors should be aware of the risks associated with the company. They should use all available resources to gain a better understanding of the company’s financial and operational health. By registering with VI, investors can access detailed information about the company and its potential risks. This information can help investors make better informed decisions about their investments in Flexsteel Industries. More…
VI Peers
Flexsteel Industries Inc is one of the leading furniture manufacturers in the world, and has been competing with other top industry players such as Hooker Furnishings Corp, Savimex Corp, and Shashwat Furnishing Solutions Ltd for market share and customer loyalty. These competitors are all vying for their share of the furniture market, providing customers with high-quality products, competitive prices, and innovative designs. Flexsteel Industries Inc has been able to stay ahead of the competition by consistently delivering quality products, offering value-added services, and capitalizing on new opportunities.
– Hooker Furnishings Corp ($NASDAQ:HOFT)
Hooker Furnishings Corp is a furniture manufacturer and retailer based in North Carolina. The company has a market capitalization of 202.73M as of 2022, reflecting the value of its outstanding common stock. The company’s Return on Equity (ROE) is 3.08%, which shows that it is making effective use of its shareholders’ equity in generating profits. Hooker Furnishings Corp produces a wide range of home furniture items, including bedroom furniture, dining room furniture, office furniture, and outdoor furniture. The company operates across the United States and Canada, with a network of retail stores, distributors, and e-commerce websites.
– Savimex Corp ($HOSE:SAV)
Shashwat Furnishing Solutions Ltd is a public limited company with a market capitalization of 80.39M as of 2022. The company specializes in providing innovative and high quality furnishing solutions for residential and commercial spaces. It offers a wide array of products such as curtains, upholstery, mattresses, cushions, rugs, and blinds, with an emphasis on quality, design, and affordability. The company’s market capitalization indicates that it has a considerable amount of financial strength and capital resources to fund its operations and expansion plans. With its strong presence in the Indian market and growing international presence, Shashwat Furnishing Solutions Ltd is well-positioned to capitalize on the growing demand for quality furnishing solutions.
Summary
Flexsteel Industries, Inc. is a publicly-traded company in the furniture and home furnishings industry. Recently, its stock price has dropped below its 200-day moving average, indicating a potential bearish trend. Despite this, media sentiment is still largely positive, suggesting that the market may still have faith in the company’s long-term prospects.
It may be a good idea to further analyze the company’s financials and performance to determine whether or not it is a good investment opportunity at this time. Investors should also consider the company’s competitive landscape and any recent news that may affect the stock’s performance.
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