The stock price of Companhia Siderurgica Nacional ADR (NYSE: SID) has plunged by -1.60 when compared to previous closing price of 3.13, but the company has seen a -1.91% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-14 that National Steel’s (SID) domestic revenues decrease 7.3% y/y, while international sales increase 25.1% in Q4.
Is It Worth Investing in Companhia Siderurgica Nacional ADR (NYSE: SID) Right Now?
The 36-month beta value for SID is also noteworthy at 2.03. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SID is 1.33B, and at present, short sellers hold a 0.22% of that float. The average trading volume of SID on March 27, 2024 was 2.59M shares.
SID’s Market Performance
The stock of Companhia Siderurgica Nacional ADR (SID) has seen a -1.91% decrease in the past week, with a -9.68% drop in the past month, and a -20.62% fall in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.44% for SID. The simple moving average for the past 20 days is -5.03% for SID’s stock, with a 7.11% simple moving average for the past 200 days.
Analysts’ Opinion of SID
Itau BBA, on the other hand, stated in their research note that they expect to see SID reach a price target of $2.30. The rating they have provided for SID stocks is “Underperform” according to the report published on July 10th, 2023.
SID Trading at -10.00% from the 50-Day Moving Average
After a stumble in the market that brought SID to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.57% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares sank -11.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.15% lower at present.
During the last 5 trading sessions, SID fell by -1.91%, which changed the moving average for the period of 200-days by +14.07% in comparison to the 20-day moving average, which settled at $3.22. In addition, Companhia Siderurgica Nacional ADR saw -21.63% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SID
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.26 for the gross margin
The net margin for Companhia Siderurgica Nacional ADR stands at 0.0. The total capital return value is set at 0.09. Equity return is now at value -1.54, with -0.32 for asset returns.
Based on Companhia Siderurgica Nacional ADR (SID), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.57. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is 9.8 billion with net debt to EBITDA at 3.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 8.45for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
In summary, Companhia Siderurgica Nacional ADR (SID) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
