The stock of Steelcase, Inc (SCS) has gone down by -1.73% for the week, with a 4.57% rise in the past month and a -6.46% drop in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are 2.24% for SCS. The simple moving average for the past 20 days is 1.42% for SCS’s stock, with a 0.29% simple moving average for the past 200 days.
Is It Worth Investing in Steelcase, Inc (NYSE: SCS) Right Now?
Steelcase, Inc (NYSE: SCS) has a price-to-earnings ratio that is above its average at 12.40x. The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 2 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 84.66M, and at present, short sellers hold a 2.22% of that float. On November 22, 2024, the average trading volume of SCS was 549.24K shares.
SCS) stock’s latest price update
Steelcase, Inc (NYSE: SCS) has experienced a decline in its stock price by -0.23 compared to its previous closing price of 13.07. However, the company has seen a fall of -1.73% in its stock price over the last five trading days. businesswire.com reported 2024-11-18 that HOUSTON–(BUSINESS WIRE)– #CleanEnergy–SCS Technologies (SCS), a leading provider of CO2 measurement systems, methane vapor recovery units and petroleum LACT units, today announced the adoption of Microsoft RealWear Navigator Z1 for its Factory Acceptable Tests (FATs). Watch a demonstration of a virtual FAT inspection on the SCS Technologies YouTube Channel. As an early adopter of Microsoft’s industrial wearable technology, SCS can now conduct FATs remotely, increasing productivity while saving the valuable.
Analysts’ Opinion of SCS
Sidoti gave a rating of “Buy” to SCS, setting the target price at $11 in the report published on October 04th of the previous year.
SCS Trading at 0.28% 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 -11.53% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.76% lower at present.
During the last 5 trading sessions, SCS fell by -1.73%, which changed the moving average for the period of 200-days by +3.74% in comparison to the 20-day moving average, which settled at $12.86. In addition, Steelcase, Inc saw -3.55% 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 SCS starting from Krestakos Robert G, who sale 4,000 shares at the price of $13.11 back on Oct 15 ’24. After this action, Krestakos Robert G now owns 119,481 shares of Steelcase, Inc, valued at $52,440 using the latest closing price.
ROBERT KRESTAKOS, the Officer of Steelcase, Inc, proposed sale 4,000 shares at $13.11 during a trade that took place back on Oct 15 ’24, which means that ROBERT KRESTAKOS is holding shares at $52,445 based on the most recent closing price.
Stock Fundamentals for SCS
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.33 for the gross margin
The net margin for Steelcase, Inc stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 13.63, with 5.45 for asset returns.
Based on Steelcase, Inc (SCS), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 7.42.
Currently, EBITDA for the company is 208.3 million with net debt to EBITDA at 1.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 8.85for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To sum up, Steelcase, Inc (SCS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
