Analytical Overview: Steel Dynamics Inc. (STLD)’s Ratios Tell a Financial Story

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As of close of business last night, Steel Dynamics Inc.’s stock clocked out at $125.68, up 0.54% from its previous closing price of $125.00. In other words, the price has increased by $0.54 from its previous closing price. On the day, 1.24 million shares were traded. STLD stock price reached its highest trading level at $127.05 during the session, while it also had its lowest trading level at $124.67.

Ratios:

To gain a deeper understanding of STLD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 2.87. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on May 20, 2024, initiated with a Hold rating and assigned the stock a target price of $150.

On January 16, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $120.

Citigroup Upgraded its Neutral to Buy on September 25, 2023, while the target price for the stock was maintained at $130.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 15 ’24 when Graham Christopher A sold 21,000 shares for $136.81 per share. The transaction valued at 2,873,010 led to the insider holds 60,415 shares of the business.

Shaheen Gabriel sold 2,346 shares of STLD for $281,731 on Feb 06 ’24. The Director now owns 81,149 shares after completing the transaction at $120.09 per share. On Dec 19 ’23, another insider, MARCUCCILLI JAMES C, who serves as the Director of the company, sold 25,454 shares for $122.43 each. As a result, the insider received 3,116,206 and left with 59,989 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 19748474880 and an Enterprise Value of 21069117440. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.63, and their Forward P/E ratio for the next fiscal year is 12.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 1.133 whereas that against EBITDA is 5.999.

Stock Price History:

The Beta on a monthly basis for STLD is 1.35, which has changed by 0.22399688 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, STLD has reached a high of $151.34, while it has fallen to a 52-week low of $95.53. The 50-Day Moving Average of the stock is -5.38%, while the 200-Day Moving Average is calculated to be 3.57%.

Shares Statistics:

It appears that STLD traded 1.13M shares on average per day over the past three months and 1375490 shares per day over the past ten days. A total of 160.02M shares are outstanding, with a floating share count of 146.80M. Insiders hold about 6.57% of the company’s shares, while institutions hold 84.80% stake in the company. Shares short for STLD as of 1715731200 were 5365748 with a Short Ratio of 5.62, compared to 1713139200 on 4892464. Therefore, it implies a Short% of Shares Outstanding of 5365748 and a Short% of Float of 4.21.

Dividends & Splits

With its trailing 12-month dividend rate of 1.735, STLD has a forward annual dividend rate of 1.74. Against a Trailing Annual Dividend Yield of 0.01388The stock’s 5-year Average Dividend Yield is 2.08. The current Payout Ratio is 11.61% for STLD, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2008-03-31 when the company split stock in a 2:1 ratio.

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