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As of close of business last night, Nucor Corp.’s stock clocked out at $146.02, down -6.46% from its previous closing price of $156.11. In other words, the price has decreased by -$6.46 from its previous closing price. On the day, 5.18 million shares were traded. NUE stock price reached its highest trading level at $153.85 during the session, while it also had its lowest trading level at $142.8.
Ratios:
To gain a deeper understanding of NUE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.76. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.28.
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 Overweight and sets its target price to $174 from $170 previously.
On August 15, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also lowered its target price recommendation from $187 to $176.
On May 20, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $190.Jefferies initiated its Hold rating on May 20, 2024, with a $190 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 31 ’24 when Needham Daniel R. sold 8,624 shares for $160.00 per share. The transaction valued at 1,379,840 led to the insider holds 99,049 shares of the business.
Needham Daniel R. bought 8,624 shares of NUE for $1,379,840 on Jul 31 ’24. On Mar 22 ’24, another insider, Utermark D. Chad, who serves as the Executive Vice President of the company, sold 33,068 shares for $195.33 each. As a result, the insider received 6,459,044 and left with 206,078 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 34656096256 and an Enterprise Value of 40078385152. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.11, and their Forward P/E ratio for the next fiscal year is 14.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 1.278 whereas that against EBITDA is 8.113.
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 $133.42. The 50-Day Moving Average of the stock is -1.08%, while the 200-Day Moving Average is calculated to be -12.74%.
Shares Statistics:
It appears that NUE traded 1.48M shares on average per day over the past three months and 1585600 shares per day over the past ten days. A total of 244.90M shares are outstanding, with a floating share count of 235.78M. Insiders hold about 0.66% of the company’s shares, while institutions hold 79.07% stake in the company. Shares short for NUE as of 1727654400 were 5288961 with a Short Ratio of 3.57, compared to 1724976000 on 4460407. Therefore, it implies a Short% of Shares Outstanding of 5288961 and a Short% of Float of 2.92.
Dividends & Splits
With its trailing 12-month dividend rate of 0.54, NUE has a forward annual dividend rate of 2.16. Against a Trailing Annual Dividend Yield of 0.0034590994The stock’s 5-year Average Dividend Yield is 1.98.
