Nucor Corp. (NYSE: NUE) has a higher price-to-earnings ratio of 10.97x compared to its average ratio. NUE has 36-month beta value of 1.63. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for NUE is 239.37M, and currently, short sellers hold a 2.05% ratio of that float. The average trading volume of NUE on April 12, 2024 was 1.39M shares.
NUE) stock’s latest price update
Nucor Corp. (NYSE: NUE)’s stock price has dropped by -0.42 in relation to previous closing price of 198.18. Nevertheless, the company has seen a loss of -0.88% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that Nucor’s (NUE) acquisition of SWDP positions it as a key supplier in the data center infrastructure market, complementing its broader strategy of diversification into steel-centric ventures.
NUE’s Market Performance
Nucor Corp. (NUE) has experienced a -0.88% fall in stock performance for the past week, with a 7.90% rise in the past month, and a 16.87% rise in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 2.06% for NUE. The simple moving average for the last 20 days is 1.12% for NUE’s stock, with a simple moving average of 16.20% for the last 200 days.
Analysts’ Opinion of NUE
Many brokerage firms have already submitted their reports for NUE stocks, with Citigroup repeating the rating for NUE by listing it as a “Buy.” The predicted price for NUE in the upcoming period, according to Citigroup is $240 based on the research report published on March 13, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NUE reach a price target of $210. The rating they have provided for NUE stocks is “Buy” according to the report published on January 16th, 2024.
JP Morgan gave a rating of “Neutral” to NUE, setting the target price at $151 in the report published on October 16th of the previous year.
NUE Trading at 3.96% 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 -2.79% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +7.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.47% upper at present.
During the last 5 trading sessions, NUE fell by -0.88%, which changed the moving average for the period of 200-days by +27.01% in comparison to the 20-day moving average, which settled at $195.83. In addition, Nucor Corp. saw 13.39% 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 33,068 shares at the price of $195.33 back on Mar 22 ’24. After this action, Utermark D. Chad now owns 206,078 shares of Nucor Corp., valued at $6,459,044 using the latest closing price.
Jellison Douglas J, the Executive Vice President of Nucor Corp., sale 19,506 shares at $193.41 during a trade that took place back on Mar 21 ’24, which means that Jellison Douglas J is holding 120,738 shares at $3,772,635 based on the most recent closing price.
Stock Fundamentals for NUE
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.23 for the gross margin
The net margin for Nucor Corp. stands at 0.13. The total capital return value is set at 0.2. Equity return is now at value 22.91, with 13.29 for asset returns.
Based on Nucor Corp. (NUE), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 1.06. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -210.42.
Currently, EBITDA for the company is 7.41 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 10.52for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.
Conclusion
To put it simply, Nucor Corp. (NUE) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
