In the past week, SCS stock has gone down by -2.25%, with a monthly gain of 4.83% and a quarterly plunge of -8.44%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 2.64% for Steelcase, Inc The simple moving average for the past 20 days is 1.57% for SCS’s stock, with a -5.45% 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 higher price-to-earnings ratio of 12.72x compared to its average ratio, The 36-month beta value for SCS is at 1.32. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SCS is 84.85M, and currently, shorts hold a 1.44% of that float. The average trading volume for SCS on February 28, 2025 was 589.59K shares.
SCS) stock’s latest price update
The stock price of Steelcase, Inc (NYSE: SCS) has plunged by -2.17 when compared to previous closing price of 12.42, but the company has seen a -2.25% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-02-19 that GRAND RAPIDS, Mich., Feb. 19, 2025 /PRNewswire/ — Steelcase (NYSE: SCS), a global design, research and thought leader in the world of work, announced today Megan Blazina has been appointed as vice president, chief legal officer and secretary, effective March 17, 2025.
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 2.50% 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 -17.57% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +5.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.11% lower at present.
During the last 5 trading sessions, SCS fell by -2.25%, which changed the moving average for the period of 200-days by -7.60% in comparison to the 20-day moving average, which settled at $11.96. In addition, Steelcase, Inc saw 2.79% 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 SCS starting from Krestakos Robert G, who sale 5,000 shares at the price of $11.74 back on Jan 22 ’25. After this action, Krestakos Robert G now owns 114,481 shares of Steelcase, Inc, valued at $58,700 using the latest closing price.
ROBERT KRESTAKOS, the Officer of Steelcase, Inc, proposed sale 5,000 shares at $11.74 during a trade that took place back on Jan 22 ’25, which means that ROBERT KRESTAKOS is holding shares at $58,690 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 12.23, with 4.84 for asset returns.
Based on Steelcase, Inc (SCS), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 7.34.
Currently, EBITDA for the company is 216.6 million with net debt to EBITDA at 0.92. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 9.27for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In conclusion, Steelcase, Inc (SCS) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
