Steel Dynamics Inc. (STLD) Records 1.35 million Shares Traded, Reaches $94.99 High

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.

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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.