StepStone Group Inc (NASDAQ: STEP) has a higher price-to-earnings ratio of 50.20x compared to its average ratio. STEP has 36-month beta value of 1.28. 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 55.66M, and currently, short sellers hold a 3.45% ratio of that float. The average trading volume of STEP on July 04, 2024 was 712.16K shares.
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STEP) stock’s latest price update
The stock of StepStone Group Inc (NASDAQ: STEP) has decreased by 0.00 when compared to last closing price of 46.06. Despite this, the company has experienced a 1.41% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-27 that If you’re wondering why I always talk about momentum, take a look at the chart below. It shows how the momentum factor has clearly been the winner this year compared to several other factor investing methods.
STEP’s Market Performance
StepStone Group Inc (STEP) has experienced a 1.41% rise in stock performance for the past week, with a 3.12% rise in the past month, and a 31.83% rise in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 3.09% for STEP. The simple moving average for the past 20 days is 4.40% for STEP’s stock, with a 36.75% 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 13.42% 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 -1.50% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +2.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.74% upper at present.
During the last 5 trading sessions, STEP rose by +1.89%, which changed the moving average for the period of 200-days by +43.73% in comparison to the 20-day moving average, which settled at $44.24. In addition, StepStone Group Inc saw 45.21% 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 13,050 shares at the price of $45.32 back on Jun 12 ’24. After this action, Keck Thomas now owns 100,750 shares of StepStone Group Inc, valued at $591,426 using the latest closing price.
Mitchell Steven R, the Director of StepStone Group Inc, sale 27,500 shares at $44.34 during a trade that took place back on Jun 11 ’24, which means that Mitchell Steven R is holding 0 shares at $1,219,350 based on the most recent closing price.
Stock Fundamentals for STEP
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.8 for the gross margin
The net margin for StepStone Group Inc stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 10.60, with 1.59 for asset returns.
Based on StepStone Group Inc (STEP), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 13.39.
Currently, EBITDA for the company is 249.86 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.38. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 0.19.
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.
