In the past week, NUE stock has gone down by -3.69%, with a monthly decline of -15.84% and a quarterly plunge of -19.00%. The volatility ratio for the week is 2.74%, and the volatility levels for the last 30 days are 3.01% for Nucor Corp. The simple moving average for the past 20 days is -9.76% for NUE’s stock, with a -18.25% simple moving average for the past 200 days.
Is It Worth Investing in Nucor Corp. (NYSE: NUE) Right Now?
The price-to-earnings ratio for Nucor Corp. (NYSE: NUE) is above average at 10.09x. The 36-month beta value for NUE is also noteworthy at 1.59. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NUE is 235.81M, and at present, short sellers hold a 1.80% of that float. The average trading volume of NUE on August 14, 2024 was 1.57M shares.
NUE) stock’s latest price update
Nucor Corp. (NYSE: NUE) has seen a decline in its stock price by -2.13 in relation to its previous close of 142.88. However, the company has experienced a -3.69% decline in its stock price over the last five trading sessions. forbes.com reported 2024-08-12 that Today, I am bringing you something very special. Not only is the featured stock in this Model Portfolio, it is also on my Focus List Stocks: Long Model Portfolio.
Analysts’ Opinion of NUE
Many brokerage firms have already submitted their reports for NUE stocks, with Jefferies repeating the rating for NUE by listing it as a “Hold.” The predicted price for NUE in the upcoming period, according to Jefferies is $190 based on the research report published on May 20, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see NUE reach a price target of $240, previously predicting the price at $180. The rating they have provided for NUE stocks is “Buy” according to the report published on March 13th, 2024.
UBS gave a rating of “Buy” to NUE, setting the target price at $210 in the report published on January 16th of the current year.
NUE Trading at -10.61% from the 50-Day Moving Average
After a stumble in the market that brought NUE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.12% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -14.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.34% lower at present.
During the last 5 trading sessions, NUE fell by -3.88%, which changed the moving average for the period of 200-days by -5.91% in comparison to the 20-day moving average, which settled at $153.73. In addition, Nucor Corp. saw -19.66% 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 NUE starting from Needham Daniel R., who sale 8,624 shares at the price of $160.00 back on Jul 31 ’24. After this action, Needham Daniel R. now owns 99,049 shares of Nucor Corp., valued at $1,379,840 using the latest closing price.
Needham Daniel R., the Officer of Nucor Corp., proposed sale 8,624 shares at $160.00 during a trade that took place back on Jul 31 ’24, which means that Needham Daniel R. is holding shares at $1,379,840 based on the most recent closing price.
Stock Fundamentals for NUE
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.18 for the gross margin
The net margin for Nucor Corp. stands at 0.1. The total capital return value is set at 0.16. Equity return is now at value 16.73, with 10.07 for asset returns.
Based on Nucor Corp. (NUE), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -1439.1.
Currently, EBITDA for the company is 7.41 billion with net debt to EBITDA at 0.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 10.5for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.93.
Conclusion
In summary, Nucor Corp. (NUE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
