After finishing at $95.84 in the prior trading day, Steel Dynamics Inc. (NASDAQ: STLD) closed at $93.25, down -2.70%. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 1352401 shares were traded. STLD stock price reached its highest trading level at $94.99 during the session, while it also had its lowest trading level at $92.74.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
Ratios:
Our goal is to gain a better understanding of STLD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.04. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 4.20. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 02 when MARCUCCILLI JAMES C sold 2,500 shares for $108.90 per share. The transaction valued at 272,250 led to the insider holds 82,965 shares of the business.
BUSSE KEITH E sold 244 shares of STLD for $23,303 on Oct 25. The Director now owns 701,704 shares after completing the transaction at $95.50 per share. On Oct 24, another insider, BUSSE KEITH E, who serves as the Director of the company, sold 22,103 shares for $96.33 each. As a result, the insider received 2,129,182 and left with 701,948 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STLD now has a Market Capitalization of 18.77B and an Enterprise Value of 19.51B. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.96, and their Forward P/E ratio for the next fiscal year is 9.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 1.92. Its current Enterprise Value per Revenue stands at 0.90 whereas that against EBITDA is 3.97.
Stock Price History:
Over the past 52 weeks, STLD has reached a high of $136.46, while it has fallen to a 52-week low of $62.44. The 50-Day Moving Average of the stock is 103.77, while the 200-Day Moving Average is calculated to be 100.32.
Shares Statistics:
The stock has traded on average 1.91M shares per day over the past 3-months and 1.52M shares per day over the last 10 days, according to various share statistics. A total of 171.60M shares are outstanding, with a floating share count of 165.28M. Insiders hold about 5.80% of the company’s shares, while institutions hold 85.70% stake in the company. Shares short for STLD as of Apr 27, 2023 were 5.94M with a Short Ratio of 5.94M, compared to 6.04M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.52% and a Short% of Float of 4.34%.
Dividends & Splits
In the trailing 12 months, STLD’s forward annual dividend rate was 1.45, compared to 1.70 this year. Against a Trailing Annual Dividend Yield of 1.51%, it implies a Forward Annual Dividend Yield of 1.77%. The stock’s 5-year Average Dividend Yield is 2.21. The current Payout Ratio is 7.60% for STLD, which recently paid a dividend on Jul 13, 2023 with an ex-dividend date of Jun 28, 2023. Stock splits for the company last occurred on Mar 30, 2008 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $5.02 for the current quarter, with a high estimate of $5.62 and a low estimate of $4.52, while EPS last year was $6.73. The consensus estimate for the next quarter is $4.11, with high estimates of $5.56 and low estimates of $2.89.
Analysts are recommending an EPS of between $18.41 and $13.97 for the fiscal current year, implying an average EPS of $15.81. EPS for the following year is $9.37, with 7 analysts recommending between $11.43 and $7.19.
Revenue Estimates
7 analysts predict $5.72B in revenue for the current quarter. It ranges from a high estimate of $6.05B to a low estimate of $5.53B. As of the current estimate, Steel Dynamics Inc.’s year-ago sales were $6.21B, an estimated decrease of -8.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $5.42B, a decrease of -4.00% over than the figure of -$8.00% in the same quarter last year. There is a high estimate of $5.76B for the next quarter, whereas the lowest estimate is $5.04B.
A total of 13 analysts have provided revenue estimates for STLD’s current fiscal year. The highest revenue estimate was $21.57B, while the lowest revenue estimate was $19.8B, resulting in an average revenue estimate of $20.52B. In the same quarter a year ago, actual revenue was $22.26B, down -7.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $17.1B in the next fiscal year. The high estimate is $19.06B and the low estimate is $15.64B. The average revenue growth estimate for next year is down -16.70% from the average revenue estimate for this year.
