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In the latest session, Steel Dynamics Inc. (NASDAQ: STLD) closed at $108.10 down -0.59% from its previous closing price of $108.74. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 1.8 million shares were traded. STLD stock price reached its highest trading level at $108.83 during the session, while it also had its lowest trading level at $104.6.
Ratios:
For a deeper understanding of Steel Dynamics Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.64. 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 the company, JP Morgan on September 09, 2024, Upgraded its rating to Neutral and sets its target price to $131 from $120 previously.
On September 03, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $129 to $145.
On May 20, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $150.Jefferies initiated its Hold rating on May 20, 2024, with a $150 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 16680155136 and an Enterprise Value of 18449641472. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.67, and their Forward P/E ratio for the next fiscal year is 10.91. 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 0.92 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 1.017 whereas that against EBITDA is 6.122.
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 -11.65%, while the 200-Day Moving Average is calculated to be -14.40%.
Shares Statistics:
For the past three months, STLD has traded an average of 1.34M shares per day and 1463550 over the past ten days. A total of 160.02M shares are outstanding, with a floating share count of 144.15M. Insiders hold about 6.58% of the company’s shares, while institutions hold 85.35% stake in the company. Shares short for STLD as of 1723680000 were 5200739 with a Short Ratio of 3.88, compared to 1721001600 on 5262941. Therefore, it implies a Short% of Shares Outstanding of 5200739 and a Short% of Float of 4.17.
Dividends & Splits
According to the company, the forward annual dividend rate for STLD is 1.77, from 1.77 in the trailing year. Against a Trailing Annual Dividend Yield of 0.01627736The stock’s 5-year Average Dividend Yield is 2.01.
