StepStone Group Inc (NASDAQ: STEP)’s stock price has gone decline by -1.48 in comparison to its previous close of 35.82, however, the company has experienced a -2.14% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that CIB, MPLX and STEP made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 15, 2024.
Is It Worth Investing in StepStone Group Inc (NASDAQ: STEP) Right Now?
StepStone Group Inc (NASDAQ: STEP) has a higher price-to-earnings ratio of 40.26x compared to its average ratio. STEP has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for STEP is 55.36M, and currently, short sellers hold a 2.40% ratio of that float. The average trading volume of STEP on April 19, 2024 was 370.50K shares.
STEP’s Market Performance
The stock of StepStone Group Inc (STEP) has seen a -2.14% decrease in the past week, with a 0.89% rise in the past month, and a 5.31% gain in the past quarter. The volatility ratio for the week is 3.84%, and the volatility levels for the past 30 days are at 3.76% for STEP. The simple moving average for the past 20 days is -0.14% for STEP’s stock, with a 14.87% simple moving average for the past 200 days.
Analysts’ Opinion of STEP
Many brokerage firms have already submitted their reports for STEP stocks, with JP Morgan repeating the rating for STEP by listing it as a “Overweight.” The predicted price for STEP in the upcoming period, according to JP Morgan is $49 based on the research report published on April 11, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see STEP reach a price target of $48. The rating they have provided for STEP stocks is “Outperform” according to the report published on March 20th, 2024.
BofA Securities gave a rating of “Buy” to STEP, setting the target price at $42 in the report published on September 07th of the previous year.
STEP Trading at 1.30% from the 50-Day Moving Average
After a stumble in the market that brought STEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.73% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares sank -1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.63% upper at present.
During the last 5 trading sessions, STEP fell by -2.63%, which changed the moving average for the period of 200-days by +45.68% in comparison to the 20-day moving average, which settled at $35.30. In addition, StepStone Group Inc saw 10.87% 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 STEP starting from Keck Thomas, who sale 3,694 shares at the price of $35.47 back on Feb 26 ’24. After this action, Keck Thomas now owns 200,750 shares of StepStone Group Inc, valued at $131,026 using the latest closing price.
Keck Thomas, the Director of StepStone Group Inc, sale 53,403 shares at $35.47 during a trade that took place back on Feb 23 ’24, which means that Keck Thomas is holding 204,444 shares at $1,894,204 based on the most recent closing price.
Stock Fundamentals for STEP
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.65 for the gross margin
The net margin for StepStone Group Inc stands at 0.16. The total capital return value is set at 0.04. Equity return is now at value 7.41, with 1.61 for asset returns.
Based on StepStone Group Inc (STEP), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 10.44.
Currently, EBITDA for the company is 4000.0 with net debt to EBITDA at 0.39. When we switch over and look at the enterprise to sales, we see a ratio of 4.53. The receivables turnover for the company is 0.4for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To put it simply, StepStone Group Inc (STEP) 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.
