The price-to-earnings ratio for Steel Dynamics Inc. (NASDAQ: STLD) is above average at 9.19x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for STLD is 147.82M, and currently, short sellers hold a 3.08% ratio of that floaft. The average trading volume of STLD on April 24, 2024 was 1.16M shares.
STLD) stock’s latest price update
Steel Dynamics Inc. (NASDAQ: STLD)’s stock price has plunge by -2.29relation to previous closing price of 137.30. Nevertheless, the company has seen a -4.01% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that While the top- and bottom-line numbers for Steel Dynamics (STLD) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
STLD’s Market Performance
Steel Dynamics Inc. (STLD) has experienced a -4.01% fall in stock performance for the past week, with a -6.84% drop in the past month, and a 15.52% rise in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.31% for STLD. The simple moving average for the past 20 days is -6.74% for STLD’s stock, with a 15.54% simple moving average for the past 200 days.
Analysts’ Opinion of STLD
Many brokerage firms have already submitted their reports for STLD stocks, with UBS repeating the rating for STLD by listing it as a “Neutral.” The predicted price for STLD in the upcoming period, according to UBS is $120 based on the research report published on January 16, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see STLD reach a price target of $130. The rating they have provided for STLD stocks is “Buy” according to the report published on September 25th, 2023.
Exane BNP Paribas gave a rating of “Neutral” to STLD, setting the target price at $102 in the report published on July 05th of the previous year.
STLD Trading at -1.37% from the 50-Day Moving Average
After a stumble in the market that brought STLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.35% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -6.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.34% upper at present.
During the last 5 trading sessions, STLD fell by -4.01%, which changed the moving average for the period of 200-days by +27.58% in comparison to the 20-day moving average, which settled at $143.36. In addition, Steel Dynamics Inc. saw 13.60% 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 STLD starting from Shaheen Gabriel, who sale 2,346 shares at the price of $120.09 back on Feb 06 ’24. After this action, Shaheen Gabriel now owns 81,149 shares of Steel Dynamics Inc., valued at $281,731 using the latest closing price.
MARCUCCILLI JAMES C, the Director of Steel Dynamics Inc., sale 25,454 shares at $122.43 during a trade that took place back on Dec 19 ’23, which means that MARCUCCILLI JAMES C is holding 59,989 shares at $3,116,206 based on the most recent closing price.
Stock Fundamentals for STLD
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.21 for the gross margin
The net margin for Steel Dynamics Inc. stands at 0.13. The total capital return value is set at 0.25. Equity return is now at value 28.84, with 16.78 for asset returns.
Based on Steel Dynamics Inc. (STLD), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 1.14. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 41.2.
Currently, EBITDA for the company is 3.58 billion with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 11.69for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.91.
Conclusion
In a nutshell, Steel Dynamics Inc. (STLD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
