The stock of Nucor Corp. (NYSE: NUE) has decreased by -0.79 when compared to last closing price of 152.84.Despite this, the company has seen a gain of 2.38% in its stock price over the last five trading days. zacks.com reported 2024-10-14 that Nucor (NUE) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Nucor Corp. (NYSE: NUE) Right Now?
Nucor Corp. (NYSE: NUE) has a higher price-to-earnings ratio of 10.94x compared to its average ratio. NUE has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for NUE is 235.78M, and currently, short sellers hold a 2.24% ratio of that float. The average trading volume of NUE on October 16, 2024 was 1.46M shares.
NUE’s Market Performance
NUE stock saw an increase of 2.38% in the past week, with a monthly gain of 6.07% and a quarterly increase of -7.54%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.27% for Nucor Corp. (NUE). The simple moving average for the last 20 days is 1.00% for NUE’s stock, with a simple moving average of -9.64% for the last 200 days.
Analysts’ Opinion of NUE
Many brokerage firms have already submitted their reports for NUE stocks, with JP Morgan repeating the rating for NUE by listing it as a “Overweight.” The predicted price for NUE in the upcoming period, according to JP Morgan is $174 based on the research report published on September 09, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NUE reach a price target of $176, previously predicting the price at $187. The rating they have provided for NUE stocks is “Overweight” according to the report published on August 15th, 2024.
Jefferies gave a rating of “Hold” to NUE, setting the target price at $190 in the report published on May 20th of the current year.
NUE Trading at 3.36% 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 -25.30% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.74% upper at present.
During the last 5 trading sessions, NUE rose by +2.38%, which changed the moving average for the period of 200-days by -13.44% in comparison to the 20-day moving average, which settled at $150.13. In addition, Nucor Corp. saw -12.87% 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 0.86. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 70.55.
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 1.17. 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
To put it simply, Nucor Corp. (NUE) has had a mixed 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’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.
