The stock of Steelcase, Inc. (SCS) has seen a 2.77% increase in the past week, with a 7.32% gain in the past month, and a 16.36% flourish in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are at 2.44% for SCS. The simple moving average for the last 20 days is 5.97% for SCS’s stock, with a simple moving average of 11.90% for the last 200 days.
Is It Worth Investing in Steelcase, Inc. (NYSE: SCS) Right Now?
The price-to-earnings ratio for Steelcase, Inc. (NYSE: SCS) is above average at 18.74x, Company’s 36-month beta value is 1.32.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SCS is 85.41M, and currently, short sellers hold a 2.69% ratio of that floaft. The average trading volume of SCS on July 25, 2024 was 678.04K shares.
SCS) stock’s latest price update
Steelcase, Inc. (NYSE: SCS)’s stock price has gone rise by 3.68 in comparison to its previous close of 13.58, however, the company has experienced a 2.77% increase in its stock price over the last five trading days. investorplace.com reported 2024-07-13 that Even as the S&P 500 reaches new highs, some investors are fleeing to value stocks as their best option for long-term growth. Growing Concerns about the investment concentration in growth indices create cause for concern, as in the S&P 500’s increased reliance on high-flying tech stocks like Nvidia (NASDAQ: NVDA ) to keep the party going.
Analysts’ Opinion of SCS
Sidoti, on the other hand, stated in their research note that they expect to see SCS reach a price target of $11. The rating they have provided for SCS stocks is “Buy” according to the report published on October 04th, 2022.
Sidoti gave a rating of “Neutral” to SCS, setting the target price at $12 in the report published on September 15th of the previous year.
SCS Trading at 7.21% from the 50-Day Moving Average
After a stumble in the market that brought SCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.16% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares surge +7.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.84% upper at present.
During the last 5 trading sessions, SCS rose by +1.82%, which changed the moving average for the period of 200-days by +26.93% in comparison to the 20-day moving average, which settled at $13.34. In addition, Steelcase, Inc. saw 4.14% 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 SCS starting from McGrath Nicole Cherie, who sale 15,749 shares at the price of $13.94 back on Jul 23 ’24. After this action, McGrath Nicole Cherie now owns 18,453 shares of Steelcase, Inc., valued at $219,528 using the latest closing price.
Smith Allan W JR, the SVP, Pres, Americas and CPO of Steelcase, Inc., sale 70,444 shares at $13.84 during a trade that took place back on Jul 22 ’24, which means that Smith Allan W JR is holding 184,743 shares at $974,860 based on the most recent closing price.
Stock Fundamentals for SCS
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.33 for the gross margin
The net margin for Steelcase, Inc. stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 10.23, with 4.10 for asset returns.
Based on Steelcase, Inc. (SCS), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 10.6.
Currently, EBITDA for the company is 219.6 million with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 9.66for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
In a nutshell, Steelcase, Inc. (SCS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
