The stock of Simpson Manufacturing Co., Inc. (SSD) has seen a -8.39% decrease in the past week, with a -16.16% drop in the past month, and a -6.89% decrease in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 2.63% for SSD. The simple moving average for the past 20 days is -11.49% for SSD’s stock, with a -0.46% simple moving average for the past 200 days.
Is It Worth Investing in Simpson Manufacturing Co., Inc. (NYSE: SSD) Right Now?
Simpson Manufacturing Co., Inc. (NYSE: SSD) has a higher price-to-earnings ratio of 20.47x compared to its average ratio, The 36-month beta value for SSD is at 1.31. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SSD is 42.18M, and currently, shorts hold a 1.95% of that float. The average trading volume for SSD on April 24, 2024 was 238.59K shares.
SSD) stock’s latest price update
The stock of Simpson Manufacturing Co., Inc. (NYSE: SSD) has decreased by -8.58 when compared to last closing price of 185.12. Despite this, the company has experienced a -8.39% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-22 that Simpson Manufacturing Co., Inc. (NYSE:SSD ) Q1 2024 Earnings Conference Call April 22, 2024 5:00 PM ET Company Participants Kim Orlando – ADDO Investor Relations Mike Olosky – President & Chief Executive Officer Brian Magstadt – Chief Financial Officer Conference Call Participants Daniel Moore – CJS Securities Tim Wojs – Baird Kurt Yinger – D.A. Davidson Operator Greetings.
Analysts’ Opinion of SSD
Many brokerage firms have already submitted their reports for SSD stocks, with Sidoti repeating the rating for SSD by listing it as a “Buy.” The predicted price for SSD in the upcoming period, according to Sidoti is $152 based on the research report published on February 08, 2022 of the previous year 2022.
Robert W. Baird gave a rating of “Outperform” to SSD, setting the target price at $112 in the report published on October 15th of the previous year.
SSD Trading at -14.15% from the 50-Day Moving Average
After a stumble in the market that brought SSD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.51% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares sank -14.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.04% lower at present.
During the last 5 trading sessions, SSD fell by -8.39%, which changed the moving average for the period of 200-days by +26.98% in comparison to the 20-day moving average, which settled at $189.77. In addition, Simpson Manufacturing Co., Inc. saw -14.52% 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 SSD starting from Dankel Roger, who sale 850 shares at the price of $198.08 back on Mar 20 ’24. After this action, Dankel Roger now owns 28,764 shares of Simpson Manufacturing Co., Inc., valued at $168,368 using the latest closing price.
Burton Phillip, the EVP, North America of Simpson Manufacturing Co., Inc., sale 2,000 shares at $211.39 during a trade that took place back on Mar 06 ’24, which means that Burton Phillip is holding 4,044 shares at $422,780 based on the most recent closing price.
Stock Fundamentals for SSD
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.47 for the gross margin
The net margin for Simpson Manufacturing Co., Inc. stands at 0.15. The total capital return value is set at 0.19. Equity return is now at value 22.89, with 13.59 for asset returns.
Based on Simpson Manufacturing Co., Inc. (SSD), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.88. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 79.25.
Currently, EBITDA for the company is 554.37 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 3.31. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.63.
Conclusion
In conclusion, Simpson Manufacturing Co., Inc. (SSD) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
