The price-to-earnings ratio for Steel Dynamics Inc (NASDAQ: STLD) is above average at 12.69x. The 36-month beta value for STLD is also noteworthy at 1.32. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
The public float for STLD is 142.78M, and at present, short sellers hold a 2.42% of that float. The average trading volume of STLD on November 20, 2024 was 1.34M shares.
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STLD) stock’s latest price update
The stock price of Steel Dynamics Inc (NASDAQ: STLD) has plunged by -0.32 when compared to previous closing price of 140.69, but the company has seen a -2.85% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that Steel Dynamics (STLD) reported earnings 30 days ago. What’s next for the stock?
STLD’s Market Performance
Steel Dynamics Inc (STLD) has seen a -2.85% fall in stock performance for the week, with a 5.09% gain in the past month and a 17.80% surge in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 2.90% for STLD. The simple moving average for the past 20 days is 1.31% for STLD’s stock, with a 8.22% simple moving average for the past 200 days.
Analysts’ Opinion of STLD
Many brokerage firms have already submitted their reports for STLD stocks, with BofA Securities repeating the rating for STLD by listing it as a “Buy.” The predicted price for STLD in the upcoming period, according to BofA Securities is $155 based on the research report published on October 01, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see STLD reach a price target of $127, previously predicting the price at $135. The rating they have provided for STLD stocks is “Market Perform” according to the report published on September 17th, 2024.
JP Morgan gave a rating of “Neutral” to STLD, setting the target price at $131 in the report published on September 09th of the current year.
STLD Trading at 7.70% from the 50-Day Moving Average
After a stumble in the market that brought STLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.85% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +6.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.97% upper at present.
During the last 5 trading sessions, STLD fell by -2.85%, which changed the moving average for the period of 200-days by +15.43% in comparison to the 20-day moving average, which settled at $138.43. In addition, Steel Dynamics Inc saw 18.75% 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 STLD starting from Poinsatte Richard A, who sale 2,000 shares at the price of $138.75 back on Nov 15 ’24. After this action, Poinsatte Richard A now owns 21,101 shares of Steel Dynamics Inc, valued at $277,500 using the latest closing price.
Poinsatte Richard A, the Senior Vice President of Steel Dynamics Inc, proposed sale 2,000 shares at $137.81 during a trade that took place back on Nov 15 ’24, which means that Poinsatte Richard A is holding shares at $275,620 based on the most recent closing price.
Stock Fundamentals for STLD
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.17 for the gross margin
The net margin for Steel Dynamics Inc stands at 0.1. The total capital return value is set at 0.17. Equity return is now at value 19.52, with 11.47 for asset returns.
Based on Steel Dynamics Inc (STLD), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.64. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 39.32.
Currently, EBITDA for the company is 3.59 billion with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 11.44for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In summary, Steel Dynamics Inc (STLD) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
