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In the latest session, Steel Dynamics Inc (NASDAQ: STLD) closed at $141.90 down -1.70% from its previous closing price of $144.35. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 1.16 million shares were traded. STLD stock price reached its highest trading level at $144.71 during the session, while it also had its lowest trading level at $141.67.
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 13.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.31.
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, BofA Securities on October 01, 2024, Upgraded its rating to Buy and sets its target price to $155 from $140 previously.
On September 17, 2024, BMO Capital Markets reiterated its Market Perform rating and also upped its target price recommendation from $135 to $127.
JP Morgan Upgraded its Underweight to Neutral on September 09, 2024, whereas the target price for the stock was revised from $120 to $131.
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 Nov 13 ’24 when Alvarez Miguel sold 6,650 shares for $143.00 per share. The transaction valued at 950,950 led to the insider holds 116,949 shares of the business.
Alvarez Miguel bought 6,650 shares of STLD for $959,928 on Nov 13 ’24. On Oct 28 ’24, another insider, Bickford Chad, who serves as the Vice President of the company, sold 2,000 shares for $134.86 each. As a result, the insider received 269,720 and left with 17,100 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 21603563520 and an Enterprise Value of 23624693760. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.84, and their Forward P/E ratio for the next fiscal year is 14.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 1.32 whereas that against EBITDA is 8.785.
Stock Price History:
Over the past 52 weeks, STLD has reached a high of $155.56, while it has fallen to a 52-week low of $104.60. The 50-Day Moving Average of the stock is 10.96%, while the 200-Day Moving Average is calculated to be 9.82%.
Shares Statistics:
For the past three months, STLD has traded an average of 1.34M shares per day and 1402420 over the past ten days. A total of 160.02M shares are outstanding, with a floating share count of 144.70M. Insiders hold about 6.22% of the company’s shares, while institutions hold 82.28% stake in the company. Shares short for STLD as of 1730332800 were 3458366 with a Short Ratio of 2.58, compared to 1727654400 on 4463102. Therefore, it implies a Short% of Shares Outstanding of 3458366 and a Short% of Float of 2.7999999.
Dividends & Splits
According to the company, the forward annual dividend rate for STLD is 1.80, from 1.805 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012504329The stock’s 5-year Average Dividend Yield is 1.95.
