An Analysis Of Armstrong Flooring Inc. (AFI)’s Weekly Performance

As of Thursday close, Armstrong Flooring Inc.’s (NYSE:AFI) stock was down -$0.09, moving down -18.41 percent to $0.40. The average number of shares traded per day over the past five days has been 35,582,656 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0857 gain in that time frame. In the last twenty days, the average volume was 10,186,140, while in the previous 50 days, it was 4,225,634.


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Since last month, AFI stock retreated -75.01%. Shares of the company fell to $0.1337 on 05/10/22, the lowest level in the past month. A 52-week high of $6.62 was reached on 01/03/22 after having rallying from a 52-week low of $0.13. Since the beginning of this year, AFI’s stock price has dropped by -79.81% or -$1.5802, and marked a new high 1 time. However, the stock has declined by -93.96% since its 52-week high.

Armstrong Flooring Inc. (AFI) last reported insider trading activity 11 days ago on May 02. 22NW, LP, the of the company, disposed of 3,196,336 shares for $0.38 on May 02. It resulted in a $1,221,959 divestment by the insider. 22NW, LP added 13,695 shares at an average price of $4.00 on Jul 27. The insider now owns 3,196,336 shares following the transaction. On Jul 26, 10% Owner 22NW, LP bought 104,370 shares at $4.01 apiece. The transaction was valued at $418,058.

Valuation Metrics

The stock’s beta is 2.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.01, the price-to-book (PB) ratio of 0.04.

Financial Health

In the three months ended March 30, Armstrong Flooring Inc.’s quick ratio stood at 0.30, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 12.10% percent. In the year ended March 30, operating margins totaled -6.30%. Based on annual data, AFI earned $74.1 million in gross profit and brought in $649.9 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -13.00%. Return on equity (ROE) for the past 12 months was -24.00%.

In Armstrong Flooring Inc.’s quarter-end financial report for March 30, it reported total debt of $0.7 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AFI’s revenue rose 4.74% to $168.5 million during the quarter, while net income inched up to $164.4 million. While analysts expected Armstrong Flooring Inc. to report -$0.82 quarterly earnings, the actual figure was -$0.58 per share, beating the consensus estimate by 29.30%. During the quarter, the company generated -$11.5 million in EBITDA. The liabilities of Armstrong Flooring Inc. were 317.8 million at the end of its most recent quarter ended March 30, and its total debt was $94.0 million. The value of shareholders’ equity is $21.78 million.

Technical Picture

This quick technical analysis looks at Armstrong Flooring Inc.’s (AFI) price momentum. With a historical volatility rate of 996.42%, the RSI 9-day stood at 32.98% on 12 May.

With respect to its five-day moving average, the current Armstrong Flooring Inc. price is up by +27.28% percent or $0.0857. At present, AFI shares trade -76.89% below its 20-day simple moving average and -77.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -72.99% below its SMA50 and -90.44% below its SMA200.

Stochastic coefficient K was 12.87% and Stochastic coefficient D was 7.04%, while ATR was 0.2165. Given the Stochastic reading of 16.67% for the 14-day period, the RSI (14) reading has been calculated as 32.35%. As of today, the MACD Oscillator reading stands at 0.0205, while the 14-day reading stands at -0.4507.

Analyst Ratings

Nomura upgraded its rating on Armstrong Flooring Inc. (NYSE: AFI) to a Buy in a note to investors on May 14, 2020. The analysts firm previously had a Neutral rating on the stock.Armstrong Flooring Inc. (AFI) has been rated Hold by analysts. According to 0 brokerage firms, AFI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Armstrong Flooring Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $3.00, the current consensus forecast for the stock is $3.00 – $3.00. Based on these forecasts, analysts predict Armstrong Flooring Inc. (AFI) will achieve an average price target of $3.00.

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