The price-to-earnings ratio for Nucor Corporation (NYSE: NUE) is 4.99x, which is above its average ratio. Moreover, the 36-month beta value for NUE is 1.59. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 1 as “sell.”
The average price recommended by analysts for Nucor Corporation (NUE) is $153.30, which is $6.11 above the current market price. The public float for NUE is 249.41M and currently, short sellers hold a 2.38% of that float. On March 16, 2023, NUE’s average trading volume was 1.84M shares.
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NUE) stock’s latest price update
Nucor Corporation (NYSE: NUE)’s stock price has decreased by -7.32 compared to its previous closing price of 156.24. Nevertheless, the company has seen a loss of -16.43% in its stock price over the last five trading days. MarketWatch.com reported on 01/28/23 that How to invest in ‘green steel’ disrupters: U.S. company gets ArcelorMittal backing and more stocks to watch
NUE’s Market Performance
Nucor Corporation (NUE) has seen a -16.43% fall in stock performance for the week, with a -13.60% decline in the past month and a -2.20% plunge in the past quarter. The volatility ratio for the week is 5.33%, and the volatility levels for the past 30 days are at 3.32% for NUE. The simple moving average for the last 20 days is -13.47% for NUE stock, with a simple moving average of 5.74% 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 “Buy.” The predicted price for NUE in the upcoming period, according to BofA Securities is $172 based on the research report published on January 04th of the current year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see NUE reach a price target of $125, previously predicting the price at $146. The rating they have provided for NUE stocks is “Neutral” according to the report published on June 14th, 2022.
Wolfe Research gave a rating of “Underperform” to NUE, setting the target price at $102 in the report published on January 11th of the previous year.
NUE Trading at -10.20% 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 -22.93% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares sank -15.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.86% upper at present.
During the last 5 trading sessions, NUE fell by -16.43%, which changed the moving average for the period of 200-days by +8.82% in comparison to the 20-day moving average, which settled at $166.03. In addition, Nucor Corporation saw 9.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NUE starting from Utermark D. Chad, who sale 45,357 shares at the price of $177.13 back on Feb 03. After this action, Utermark D. Chad now owns 172,629 shares of Nucor Corporation, valued at $8,034,300 using the latest closing price.
QUERY KENNETH REX, the Executive Vice President of Nucor Corporation, sale 1,962 shares at $177.99 during a trade that took place back on Feb 03, which means that QUERY KENNETH REX is holding 74,138 shares at $349,217 based on the most recent closing price.
Stock Fundamentals for NUE
Current profitability levels for the company are sitting at:
- +25.15 for the present operating margin
- +29.96 for the gross margin
The net margin for Nucor Corporation stands at +18.25. Equity return is now at value 44.50, with 24.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.39.
Conclusion
To wrap up, the performance of Nucor Corporation (NUE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
