Nucor Corporation (NYSE:NUE) went up by 2.17% from its latest closing price compared to the recent 1-year high of $187.90. The company’s stock price has collected 2.95% of gains in the last five trading sessions. Barron’s reported on 06/15/22 that Nucor Expects Record Quarterly Earnings Thanks to Strong Steel Demand
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 5.72 x from its present earnings ratio. Plus, the 36-month beta value for NUE is at 1.39. Opinions of the stock are interesting as 3 analysts out of 15 who provided ratings for Nucor Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 11 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $128.05, which is -$7.64 below the current price. NUE currently public float of 256.52M and currently shorts hold a 3.16% ratio of that float. Today, the average trading volume of NUE was 2.61M shares.
NUE’s Market Performance
NUE stocks went up by 2.95% for the week, with a monthly jump of 26.76% and a quarterly performance of -13.12%, while its annual performance rate touched 27.98%. The volatility ratio for the week stands at 3.28% while the volatility levels for the past 30 days are set at 3.87% for Nucor Corporation. The simple moving average for the period of the last 20 days is 11.87% for NUE stocks with a simple moving average of 9.04% for the last 200 days.
Analysts’ Opinion of NUE
Many brokerage firms have already submitted their reports for NUE stocks, with JP Morgan repeating the rating for NUE by listing it as a “Neutral.” The predicted price for NUE in the upcoming period, according to JP Morgan is $125 based on the research report published on June 14th of the current year 2022.
Wolfe Research, on the other hand, stated in their research note that they expect to see NUE reach a price target of $102. The rating they have provided for NUE stocks is “Underperform” according to the report published on January 11th, 2022.
Wolfe Research gave a rating of “Peer Perform” to NUE, setting the target price at $104 in the report published on November 17th of the previous year.
NUE Trading at 12.59% 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 -28.55% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +21.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.29% upper at present.
During the last 5 trading sessions, NUE rose by +2.95%, which changed the moving average for the period of 200-days by +30.94% in comparison to the 20-day moving average, which settled at $121.20. In addition, Nucor Corporation saw 17.61% 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 4,353 shares at the price of $122.57 back on Jul 26. After this action, Behr Allen C now owns 59,734 shares of Nucor Corporation, valued at $533,542 using the latest closing price.
Behr Allen C, the Executive Vice President of Nucor Corporation, sale 3,407 shares at $122.17 during a trade that took place back on Jul 25, which means that Behr Allen C is holding 64,087 shares at $416,233 based on the most recent closing price.
Stock Fundamentals for NUE
Current profitability levels for the company are sitting at:
- +25.62 for the present operating margin
- +30.30 for the gross margin
The net margin for Nucor Corporation stands at +18.63. Equity return is now at value 49.50, with 26.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.