Assessing the Risk and Potential of Steelcase, Inc.’s (SCS) Stock

The stock of Steelcase, Inc. (SCS) has gone up by 3.66% for the week, with a -2.84% drop in the past month and a -3.70% drop in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are 3.00% for SCS. The simple moving average for the past 20 days is 1.83% for SCS’s stock, with a 19.18% simple moving average for the past 200 days.

Is It Worth Investing in Steelcase, Inc. (NYSE: SCS) Right Now?

The price-to-earnings ratio for Steelcase, Inc. (NYSE: SCS) is above average at 19.19x. The 36-month beta value for SCS is also noteworthy at 1.30. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for SCS is 84.73M, and at present, short sellers hold a 3.73% of that float. The average trading volume of SCS on April 03, 2024 was 809.22K shares.

SCS) stock’s latest price update

Steelcase, Inc. (NYSE: SCS) has seen a decline in its stock price by -0.08 in relation to its previous close of 13.03. However, the company has experienced a 3.66% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-31 that March remained a solid stock season, and all signs point to continued strength if you’re looking for stocks to buy in April. Though inflation seems mildly stickier than previously planned, most expect the planned rate cuts to go into effect later this year, creating continued market momentum that’s surprisingly hard to shake.

Analysts’ Opinion of SCS

Sidoti, on the other hand, stated in their research note that they expect to see SCS reach a price target of $11. The rating they have provided for SCS stocks is “Buy” according to the report published on October 04th, 2022.

Sidoti gave a rating of “Neutral” to SCS, setting the target price at $12 in the report published on September 15th of the previous year.

SCS Trading at 1.22% from the 50-Day Moving Average

After a stumble in the market that brought SCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.45% of loss for the given period.

Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.08% upper at present.

During the last 5 trading sessions, SCS rose by +3.66%, which changed the moving average for the period of 200-days by +73.83% in comparison to the 20-day moving average, which settled at $12.78. In addition, Steelcase, Inc. saw -3.70% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SCS starting from Krestakos Robert G, who sale 4,000 shares at the price of $12.61 back on Mar 25 ’24. After this action, Krestakos Robert G now owns 108,081 shares of Steelcase, Inc., valued at $50,453 using the latest closing price.

McGrath Nicole Cherie, the VP, Corp Controller and CAO of Steelcase, Inc., sale 1,792 shares at $13.95 during a trade that took place back on Dec 27 ’23, which means that McGrath Nicole Cherie is holding 33,899 shares at $24,998 based on the most recent closing price.

Stock Fundamentals for SCS

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.32 for the gross margin

The net margin for Steelcase, Inc. stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 9.19, with 3.55 for asset returns.

Based on Steelcase, Inc. (SCS), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 5.04.

Currently, EBITDA for the company is 223.9 million with net debt to EBITDA at 1.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 9.34for trailing twelve months and the total asset turnover is 1.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.

Conclusion

In summary, Steelcase, Inc. (SCS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts