Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 30, 2023
SENEB Stock | USD 72.04 1.66 2.25% |
About 60% of all Seneca Foods' investors are looking to take a long position. The analysis of overall sentiment of trading Seneca Foods Corp stock suggests that some investors are interested at this time. The current market sentiment, together with Seneca Foods' historical and current headlines, can help investors time the market. In addition, many technical investors use Seneca Foods Corp stock news signals to limit their universe of possible portfolio assets.
Seneca |
FAIRPORT, N.Y., Nov. 09, 2023 -- Seneca Foods Corporation today announced financial results for the second quarter and six months ended September 30, 2023. Executive Summary Net sales for the six months ended September 30, 2023 totaled 706.1 million compared to 705.0 for the six months ended October 1, 2022. The year-over-year increase of 1.1 million was mainly due to higher selling prices partially offset by lower
Read at finance.yahoo.com
Seneca Foods Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Seneca Foods can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Seneca Foods Fundamental Analysis
We analyze Seneca Foods' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Seneca Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Seneca Foods based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
Seneca Foods is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Seneca Foods Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Seneca Foods stock to make a market-neutral strategy. Peer analysis of Seneca Foods could also be used in its relative valuation, which is a method of valuing Seneca Foods by comparing valuation metrics with similar companies.
Peers
Seneca Foods Related Equities
SENEA | Seneca Foods | 1.55 | ||||
LFVN | Lifevantage | 1.46 | ||||
JJSF | J J | 1.35 | ||||
NATR | Natures Sunshine | 0.56 | ||||
CIADF | China Mengniu | 0.00 | ||||
MKC-V | McCormick Company | 0.58 | ||||
CENTA | Central Garden | 1.00 | ||||
CENT | Central Garden | 1.02 | ||||
LWAY | Lifeway Foods | 1.45 | ||||
MRRTY | Marfrig Global | 1.61 | ||||
BRID | Bridgford Foods | 2.05 | ||||
ASBFY | Associated British | 3.72 |
Complementary Tools for Seneca Stock analysis
When running Seneca Foods' price analysis, check to measure Seneca Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seneca Foods is operating at the current time. Most of Seneca Foods' value examination focuses on studying past and present price action to predict the probability of Seneca Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seneca Foods' price. Additionally, you may evaluate how the addition of Seneca Foods to your portfolios can decrease your overall portfolio volatility.
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