Ryerson Holding Corp. (NYSE: RYI)’s stock price has gone decline by -13.20 in comparison to its previous close of 28.55, however, the company has experienced a -20.70% decrease in its stock price over the last five trading days. The Motley Fool reported 2024-05-01 that Ryerson posted an unexpected quarterly loss as raw materials costs and modernization expenses soared. The company is making progress in its restructuring and sees signs of pricing stabilization, but investors might want to take a cautious approach before buying in.
Is It Worth Investing in Ryerson Holding Corp. (NYSE: RYI) Right Now?
The price-to-earnings ratio for Ryerson Holding Corp. (NYSE: RYI) is 6.08x, which is above its average ratio. Moreover, the 36-month beta value for RYI is 1.69. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for RYI is 28.84M and currently, short sellers hold a 2.72% of that float. On May 02, 2024, RYI’s average trading volume was 228.00K shares.
RYI’s Market Performance
RYI’s stock has seen a -20.70% decrease for the week, with a -24.66% drop in the past month and a -27.80% fall in the past quarter. The volatility ratio for the week is 6.51%, and the volatility levels for the past 30 days are at 3.60% for Ryerson Holding Corp. The simple moving average for the past 20 days is -23.38% for RYI’s stock, with a -21.96% simple moving average for the past 200 days.
Analysts’ Opinion of RYI
Many brokerage firms have already submitted their reports for RYI stocks, with BMO Capital Markets repeating the rating for RYI by listing it as a “Market Perform.” The predicted price for RYI in the upcoming period, according to BMO Capital Markets is $45 based on the research report published on July 05, 2023 of the previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see RYI reach a price target of $35. The rating they have provided for RYI stocks is “Outperform” according to the report published on August 15th, 2022.
Deutsche Bank gave a rating of “Hold” to RYI, setting the target price at $10 in the report published on April 10th of the previous year.
RYI Trading at -22.89% from the 50-Day Moving Average
After a stumble in the market that brought RYI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.56% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 6.51%, as shares sank -27.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.86% lower at present.
During the last 5 trading sessions, RYI fell by -20.70%, which changed the moving average for the period of 200-days by -42.81% in comparison to the 20-day moving average, which settled at $31.88. In addition, Ryerson Holding Corp. saw -28.55% 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 RYI starting from Sundarrajan Alagu, who sale 2,593 shares at the price of $32.52 back on Mar 25 ’24. After this action, Sundarrajan Alagu now owns 10,484 shares of Ryerson Holding Corp., valued at $84,324 using the latest closing price.
Sundarrajan Alagu, the Chief Information Officer of Ryerson Holding Corp., sale 7,407 shares at $32.77 during a trade that took place back on Mar 22 ’24, which means that Sundarrajan Alagu is holding 13,077 shares at $242,753 based on the most recent closing price.
Stock Fundamentals for RYI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.2 for the gross margin
The net margin for Ryerson Holding Corp. stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 16.27, with 5.94 for asset returns.
Based on Ryerson Holding Corp. (RYI), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -99.31.
Currently, EBITDA for the company is 290.9 million with net debt to EBITDA at 4.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
To wrap up, the performance of Ryerson Holding Corp. (RYI) has been bad in recent times. The stock has received a mixed of “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.
