The price-to-earnings ratio for Olympic Steel Inc. (NASDAQ: ZEUS) is above average at 15.40x, Company’s 36-month beta value is 1.60.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ZEUS is 9.79M, and currently, short sellers hold a 3.22% ratio of that floaft. The average trading volume of ZEUS on May 06, 2024 was 81.00K shares.
ZEUS) stock’s latest price update
Olympic Steel Inc. (NASDAQ: ZEUS) has experienced a decline in its stock price by -9.63 compared to its previous closing price of 63.68. However, the company has seen a fall of -13.69% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-03 that Olympic Steel, Inc. (NASDAQ:ZEUS ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Richard A. Manson – CFO Richard T.
ZEUS’s Market Performance
Olympic Steel Inc. (ZEUS) has seen a -13.69% fall in stock performance for the week, with a -18.69% decline in the past month and a -15.65% plunge in the past quarter. The volatility ratio for the week is 5.80%, and the volatility levels for the past 30 days are at 3.62% for ZEUS. The simple moving average for the past 20 days is -15.23% for ZEUS’s stock, with a -3.00% simple moving average for the past 200 days.
ZEUS Trading at -14.95% from the 50-Day Moving Average
After a stumble in the market that brought ZEUS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.69% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 5.80%, as shares sank -20.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.61% lower at present.
During the last 5 trading sessions, ZEUS fell by -13.69%, which changed the moving average for the period of 200-days by +7.55% in comparison to the 20-day moving average, which settled at $67.17. In addition, Olympic Steel Inc. saw -13.72% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ZEUS
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.22 for the gross margin
The net margin for Olympic Steel Inc. stands at 0.02. The total capital return value is set at 0.09. Equity return is now at value 7.97, with 4.25 for asset returns.
Based on Olympic Steel Inc. (ZEUS), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 4.64.
Currently, EBITDA for the company is 104.85 million with net debt to EBITDA at 2.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 9.83for trailing twelve months and the total asset turnover is 2.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.28.
Conclusion
In a nutshell, Olympic Steel Inc. (ZEUS) has experienced a bad 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.
