Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Steelcase, Inc (NYSE: SCS) closed at $11.44 down -1.46% from its previous closing price of $11.61. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 0.84 million shares were traded. SCS stock price reached its highest trading level at $11.825 during the session, while it also had its lowest trading level at $11.44.
Ratios:
For a deeper understanding of Steelcase, 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 3.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.60.
Sidoti Upgraded its Neutral to Buy on October 04, 2022, while the target price for the stock was maintained at $11.
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 Oct 15 ’24 when Krestakos Robert G sold 4,000 shares for $13.11 per share. The transaction valued at 52,440 led to the insider holds 119,481 shares of the business.
ROBERT KRESTAKOS bought 4,000 shares of SCS for $52,445 on Oct 15 ’24. On Jul 24 ’24, another insider, Sylvester David C, who serves as the SVP, Chief Financial Officer of the company, sold 73,184 shares for $13.84 each. As a result, the insider received 1,012,603 and left with 551,592 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, SCS now has a Market Capitalization of 1300979584 and an Enterprise Value of 1695066496. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.98, and their Forward P/E ratio for the next fiscal year is 10.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is 7.653.
Stock Price History:
The Beta on a monthly basis for SCS is 1.34, which has changed by -0.09154928 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, SCS has reached a high of $14.74, while it has fallen to a 52-week low of $11.44. The 50-Day Moving Average of the stock is -10.44%, while the 200-Day Moving Average is calculated to be -11.80%.
Shares Statistics:
For the past three months, SCS has traded an average of 545.00K shares per day and 754790 over the past ten days. A total of 94.08M shares are outstanding, with a floating share count of 84.75M. Insiders hold about 25.48% of the company’s shares, while institutions hold 73.89% stake in the company. Shares short for SCS as of 1732838400 were 1570273 with a Short Ratio of 2.53, compared to 1730332800 on 1880086. Therefore, it implies a Short% of Shares Outstanding of 1570273 and a Short% of Float of 1.91.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.2.
