In the past week, WS stock has gone down by -13.13%, with a monthly decline of -6.62% and a quarterly plunge of -2.08%. The volatility ratio for the week is 4.88%, and the volatility levels for the last 30 days are 4.12% for Worthington Steel Inc. The simple moving average for the past 20 days is -4.97% for WS’s stock, with a -0.63% simple moving average for the past 200 days.
Is It Worth Investing in Worthington Steel Inc. (NYSE: WS) Right Now?
Worthington Steel Inc. (NYSE: WS) has a higher price-to-earnings ratio of 12.75x compared to its average ratio, Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for WS is 32.16M, and currently, shorts hold a 1.16% of that float. The average trading volume for WS on September 27, 2024 was 219.15K shares.
WS) stock’s latest price update
Worthington Steel Inc. (NYSE: WS)’s stock price has dropped by -10.93 in relation to previous closing price of 35.94. Nevertheless, the company has seen a loss of -13.13% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-26 that Worthington Steel, Inc. (NYSE:WS ) Q1 2025 Earnings Conference Call September 26, 2024 8:30 AM ET Company Participants Melissa Dykstra – VP of Corporate Communications and IR Geoffrey Gilmore – President and CEO Jeffrey Klingler – EVP and COO Timothy Adams – VP and CFO Conference Call Participants Martin Englert – Seaport Research Philip Gibbs – KeyBanc Capital Markets John Tumazos – John Tumazos Very Independent Research Operator Thank you for standing by and welcome to the Worthington Steel’s First Quarter Fiscal 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Analysts’ Opinion of WS
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see WS reach a price target of $29. The rating they have provided for WS stocks is “Overweight” according to the report published on December 04th, 2023.
WS Trading at -7.57% from the 50-Day Moving Average
After a stumble in the market that brought WS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.95% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 4.88%, as shares sank -6.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.46% lower at present.
During the last 5 trading sessions, WS fell by -13.13%, which changed the moving average for the period of 200-days by +22.74% in comparison to the 20-day moving average, which settled at $33.57. In addition, Worthington Steel Inc. saw 13.91% 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 WS starting from NELSON CARL A JR, who sale 12,000 shares at the price of $30.89 back on Apr 26 ’24. After this action, NELSON CARL A JR now owns 85,583 shares of Worthington Steel Inc., valued at $370,620 using the latest closing price.
Chiappone Charles M, the Director of Worthington Steel Inc., purchase 1,850 shares at $28.08 during a trade that took place back on Jan 12 ’24, which means that Chiappone Charles M is holding 7,033 shares at $51,954 based on the most recent closing price.
Stock Fundamentals for WS
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.13 for the gross margin
The net margin for Worthington Steel Inc. stands at 0.05. The total capital return value is set at 0.16.
Based on Worthington Steel Inc. (WS), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 36.18.
Currently, EBITDA for the company is 272.8 million with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 7.2for trailing twelve months and the total asset turnover is 1.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, Worthington Steel Inc. (WS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
