The price-to-earnings ratio for StepStone Group Inc (NASDAQ: STEP) is above average at 97.86x, Company’s 36-month beta value is 1.31.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for STEP is 62.58M, and currently, short sellers hold a 2.34% ratio of that floaft. The average trading volume of STEP on January 09, 2025 was 585.17K shares.
STEP) stock’s latest price update
StepStone Group Inc (NASDAQ: STEP)’s stock price has gone rise by 2.90 in comparison to its previous close of 58.98, however, the company has experienced a 4.85% increase in its stock price over the last five trading days. businesswire.com reported 2025-01-06 that CALGARY, Alberta–(BUSINESS WIRE)–STEP Energy Services Ltd. (TSX:STEP) (“STEP”) has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”) for its common shares. Under the NCIB, STEP may repurchase up to 3,601,082 common shares, representing five percent of its issued and outstanding common shares as at December 26, 2024. The NCIB is to commence on January 9, 2025 and end on January 8, 2026 or such earlier date as STEP may complete its max.
STEP’s Market Performance
STEP’s stock has risen by 4.85% in the past week, with a monthly rise of 0.80% and a quarterly rise of 1.30%. The volatility ratio for the week is 3.42% while the volatility levels for the last 30 days are 3.20% for StepStone Group Inc The simple moving average for the past 20 days is 0.97% for STEP’s stock, with a 19.77% simple moving average for the past 200 days.
Analysts’ Opinion of STEP
Many brokerage firms have already submitted their reports for STEP stocks, with JP Morgan repeating the rating for STEP by listing it as a “Overweight.” The predicted price for STEP in the upcoming period, according to JP Morgan is $49 based on the research report published on April 11, 2024 of the previous year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see STEP reach a price target of $48. The rating they have provided for STEP stocks is “Outperform” according to the report published on March 20th, 2024.
BofA Securities gave a rating of “Buy” to STEP, setting the target price at $42 in the report published on September 07th of the previous year.
STEP Trading at -2.82% from the 50-Day Moving Average
After a stumble in the market that brought STEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.77% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.25% lower at present.
During the last 5 trading sessions, STEP rose by +4.85%, which changed the moving average for the period of 200-days by +76.58% in comparison to the 20-day moving average, which settled at $60.10. In addition, StepStone Group Inc saw 4.85% 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 STEP starting from McCabe Michael I, who sale 4,000 shares at the price of $64.25 back on Dec 03 ’24. After this action, McCabe Michael I now owns 686,516 shares of StepStone Group Inc, valued at $257,000 using the latest closing price.
McCabe Michael I, the Head of Strategy of StepStone Group Inc, sale 2,200 shares at $64.34 during a trade that took place back on Dec 03 ’24, which means that McCabe Michael I is holding 247,800 shares at $141,548 based on the most recent closing price.
Stock Fundamentals for STEP
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.81 for the gross margin
The net margin for StepStone Group Inc stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 6.97, with 1.09 for asset returns.
Based on StepStone Group Inc (STEP), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 9.92.
Currently, EBITDA for the company is 249.86 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 8.79. The receivables turnover for the company is 0.52for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In a nutshell, StepStone Group Inc (STEP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
