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After finishing at $116.70 in the prior trading day, Steel Dynamics Inc. (NASDAQ: STLD) closed at $116.06, down -0.55%. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 0.94 million shares were traded. STLD stock price reached its highest trading level at $118.33 during the session, while it also had its lowest trading level at $115.48.
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 14.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.24.
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:
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 Jul 30 ’24 when Shaheen Gabriel sold 1,825 shares for $129.78 per share. The transaction valued at 236,848 led to the insider holds 80,922 shares of the business.
Shaheen Gabriel bought 1,825 shares of STLD for $237,250 on Jul 30 ’24. On May 15 ’24, another insider, Graham Christopher A, who serves as the Senior Vice President of the company, sold 21,000 shares for $136.81 each. As a result, the insider received 2,873,010 and left with 60,415 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 17908406272 and an Enterprise Value of 19677888512. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.31, and their Forward P/E ratio for the next fiscal year is 11.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 1.084 whereas that against EBITDA is 6.53.
Stock Price History:
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 -7.22%, while the 200-Day Moving Average is calculated to be -7.74%.
Shares Statistics:
The stock has traded on average 1.32M shares per day over the past 3-months and 1122480 shares per day over the last 10 days, according to various share statistics. A total of 160.02M shares are outstanding, with a floating share count of 143.80M. Insiders hold about 6.80% of the company’s shares, while institutions hold 85.64% stake in the company. Shares short for STLD as of 1722384000 were 4495662 with a Short Ratio of 3.39, compared to 1719532800 on 6187978. Therefore, it implies a Short% of Shares Outstanding of 4495662 and a Short% of Float of 3.5700000000000003.
Dividends & Splits
In the trailing 12 months, STLD’s forward annual dividend rate was 1.77, compared to 1.77 this year. Against a Trailing Annual Dividend Yield of 0.015167096The stock’s 5-year Average Dividend Yield is 2.04.
