NASDAQ:ACNT

Ascent Industries (ACNT) Stock Price, News & Analysis

$10.39
+0.02 (+0.19%)
(As of 04/26/2024 ET)
Today's Range
$10.00
$10.39
50-Day Range
$9.67
$10.90
52-Week Range
$7.20
$11.19
Volume
2,279 shs
Average Volume
5,475 shs
Market Capitalization
$105.20 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.00

Ascent Industries MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
92.5% Upside
$20.00 Price Target
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.14) to $0.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.42 out of 5 stars

Industrial Products Sector

120th out of 169 stocks

Steel Pipe & Tubes Industry

3rd out of 3 stocks

ACNT stock logo

About Ascent Industries Stock (NASDAQ:ACNT)

Ascent Industries Co. an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The company also produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. In addition, it provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois.

ACNT Stock Price History

ACNT Stock News Headlines

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The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
Ascent Industries (ACNT) Gets a Buy from Stifel Nicolaus
Q4 2023 Ascent Industries Co Earnings Call
Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share
The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.
Ascent Industries: Q4 Earnings Insights
Earnings Outlook For Ascent Industries
Best IRA Accounts for March 2024
Ascent Industries: Operations Are Improving Again
Ascent Industries Promotes New Executive Management Team
Ascent Industries Promotes New Executive Management Team
Ascent Industries Co ACNT
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
4/27/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Steel pipe & tubes
Sub-Industry
N/A
Current Symbol
NASDAQ:ACNT
Employees
514
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.00
High Stock Price Target
$20.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+92.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-26,630,000.00
Pretax Margin
-21.26%

Debt

Sales & Book Value

Annual Sales
$193.18 million
Book Value
$10.61 per share

Miscellaneous

Free Float
8,894,000
Market Cap
$105.15 million
Optionable
Optionable
Beta
0.73
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Key Executives

  • Mr. Benjamin L. Rosenzweig (Age 39)
    Executive Chairman
  • Mr. J. Bryan Kitchen
    President, CEO & Director
  • Mr. Ryan Kavalauskas (Age 40)
    Chief Financial Officer
  • Mr. Douglas Glenn Tackett Jr. (Age 52)
    Chief Legal Officer & Corporate Secretary
  • Mr. John W. Johnson
    President of Ascent Tubular
  • Mr. Robert A. Peay
    Corporate Secretary

ACNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Ascent Industries stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ascent Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ACNT shares.
View ACNT analyst ratings
or view top-rated stocks.

What is Ascent Industries' stock price target for 2024?

1 brokers have issued twelve-month price objectives for Ascent Industries' stock. Their ACNT share price targets range from $20.00 to $20.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 92.5% from the stock's current price.
View analysts price targets for ACNT
or view top-rated stocks among Wall Street analysts.

How have ACNT shares performed in 2024?

Ascent Industries' stock was trading at $9.56 on January 1st, 2024. Since then, ACNT stock has increased by 8.7% and is now trading at $10.39.
View the best growth stocks for 2024 here
.

Are investors shorting Ascent Industries?

Ascent Industries saw a drop in short interest in March. As of March 31st, there was short interest totaling 9,100 shares, a drop of 10.8% from the March 15th total of 10,200 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the shares of the stock are short sold.
View Ascent Industries' Short Interest
.

When is Ascent Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our ACNT earnings forecast
.

How can I listen to Ascent Industries' earnings call?

Ascent Industries will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Ascent Industries' earnings last quarter?

Ascent Industries Co. (NASDAQ:ACNT) issued its earnings results on Thursday, March, 28th. The company reported ($0.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.65. The business had revenue of $41.22 million for the quarter, compared to the consensus estimate of $63.50 million. Ascent Industries had a negative trailing twelve-month return on equity of 15.98% and a negative net margin of 11.07%.

How do I buy shares of Ascent Industries?

Shares of ACNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ACNT) was last updated on 4/27/2024 by MarketBeat.com Staff

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