Nucor Corporation (NYSE:NUE) went down by -0.18% from its latest closing price compared to the recent 1-year high of $83.11. The company’s stock price has collected 5.69% of gains in the last five trading sessions. Barron’s reported 12 hours ago that Steel Stocks Are Due for a Fall. What to Know.
Is It Worth Investing in Nucor Corporation (NYSE :NUE) Right Now?
Nucor Corporation (NYSE:NUE) scored a price-to-earnings ratio above its average ratio, recording 72.93 x from its present earnings ratio. Plus, the 36-month beta value for NUE is at 1.41. Opinions of the stock are interesting as 4 analysts out of 12 who provided ratings for Nucor Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $77.40, which is -$8.35 below the current price. NUE currently public float of 295.65M and currently shorts hold a 1.27% ratio of that float. Today, the average trading volume of NUE was 3.21M shares.
NUE’s Market Performance
NUE stocks went up by 5.69% for the week, with a monthly jump of 2.48% and a quarterly performance of 68.81%, while its annual performance rate touched 99.71%. The volatility ratio for the week stands at 2.74% while the volatility levels for the past 30 days are set at 2.75% for Nucor Corporation. The simple moving average for the period of the last 20 days is 3.24% for NUE stocks with a simple moving average of 48.66% for the last 200 days.
Analysts’ Opinion of NUE
Many brokerage firms have already submitted their reports for NUE stocks, with BofA Securities repeating the rating for NUE by listing it as a “Neutral.” The predicted price for NUE in the upcoming period, according to BofA Securities is $80 based on the research report published on April 20th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see NUE reach a price target of $86. The rating they have provided for NUE stocks is “Buy” according to the report published on April 09th, 2021.
Argus gave a rating of “Buy” to NUE, setting the target price at $85 in the report published on March 19th of the current year.
NUE Trading at 14.00% from the 50-Day Moving Average
After a stumble in the market that brought NUE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.02% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.59% upper at present.
During the last 5 trading sessions, NUE rose by +5.69%, which changed the moving average for the period of 200-days by +97.36% in comparison to the 20-day moving average, which settled at $79.79. In addition, Nucor Corporation saw 54.65% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NUE starting from Behr Allen C, who sale 5,647 shares at the price of $81.42 back on Apr 29. After this action, Behr Allen C now owns 45,623 shares of Nucor Corporation, valued at $459,785 using the latest closing price.
Frias James D, the CFO, Treasurer and EVP of Nucor Corporation, sale 34,324 shares at $81.94 during a trade that took place back on Apr 28, which means that Frias James D is holding 323,506 shares at $2,812,427 based on the most recent closing price.
Stock Fundamentals for NUE
Current profitability levels for the company are sitting at:
- +8.19 for the present operating margin
- +11.16 for the gross margin
The net margin for Nucor Corporation stands at +3.56. The total capital return value is set at 10.33, while invested capital returns managed to touch 4.65. Equity return is now at value 3.30, with 1.80 for asset returns.
Based on Nucor Corporation (NUE), the company’s capital structure generated 50.39 points at debt to equity in total, while total debt to capital is 33.51. Total debt to assets is 27.01, with long-term debt to equity ratio resting at 49.57. Finally, the long-term debt to capital ratio is 32.96.
When we switch over and look at the enterprise to sales, we see a ratio of 0.94, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 7.81 and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.61.