Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Nucor Corp. (NYSE: NUE) closed the day trading at $174.64 down -8.87% from the previous closing price of $191.63. In other words, the price has decreased by -$8.87 from its previous closing price. On the day, 4.85 million shares were traded. NUE stock price reached its highest trading level at $183.95 during the session, while it also had its lowest trading level at $174.4.
Ratios:
For a better understanding of NUE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 3.57. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
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, Citigroup on March 13, 2024, Upgraded its rating to Buy and sets its target price to $240 from $180 previously.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $210.
JP Morgan Upgraded its Underweight to Neutral on October 16, 2023, while the target price for the stock was maintained at $151.
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 Mar 22 ’24 when Utermark D. Chad sold 33,068 shares for $195.33 per share. The transaction valued at 6,459,044 led to the insider holds 206,078 shares of the business.
Jellison Douglas J sold 19,506 shares of NUE for $3,772,635 on Mar 21 ’24. The Executive Vice President now owns 120,738 shares after completing the transaction at $193.41 per share. On Mar 21 ’24, another insider, Keller Michael D, who serves as the Vice Pres. and Corp. Contro of the company, sold 3,145 shares for $193.67 each. As a result, the insider received 609,091 and left with 24,873 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, NUE now has a Market Capitalization of 41910108160 and an Enterprise Value of 48929189888. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.70, and their Forward P/E ratio for the next fiscal year is 13.25. 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 2.04. Its current Enterprise Value per Revenue stands at 1.433 whereas that against EBITDA is 6.986.
Stock Price History:
Over the past 52 weeks, NUE has reached a high of $203.00, while it has fallen to a 52-week low of $129.79. The 50-Day Moving Average of the stock is -8.61%, while the 200-Day Moving Average is calculated to be 2.07%.
Shares Statistics:
Over the past 3-months, NUE traded about 1.36M shares per day on average, while over the past 10 days, NUE traded about 1501470 shares per day. A total of 244.90M shares are outstanding, with a floating share count of 239.37M. Insiders hold about 0.57% of the company’s shares, while institutions hold 80.66% stake in the company. Shares short for NUE as of 1711584000 were 4901784 with a Short Ratio of 3.61, compared to 1709164800 on 4945486. Therefore, it implies a Short% of Shares Outstanding of 4901784 and a Short% of Float of 2.6700001.
Dividends & Splits
NUE’s forward annual dividend rate is 2.10, up from 1.56 a year ago. Against a Trailing Annual Dividend Yield of 0.008140687The stock’s 5-year Average Dividend Yield is 2.15.
