Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Steel Dynamics Inc. (NASDAQ: STLD) closed at $134.16 down -2.29% from its previous closing price of $137.30. In other words, the price has decreased by -$2.29 from its previous closing price. On the day, 2.12 million shares were traded. STLD stock price reached its highest trading level at $135.78 during the session, while it also had its lowest trading level at $130.765.
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 10.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 2.91. In the meantime, Its Debt-to-Equity ratio is 0.36 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 this company, UBS on January 16, 2024, initiated with a Neutral rating and assigned the stock a target price of $120.
On September 25, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $130.
Exane BNP Paribas Downgraded its Outperform to Neutral on July 05, 2023, while the target price for the stock was maintained at $102.
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 Feb 06 ’24 when Shaheen Gabriel sold 2,346 shares for $120.09 per share. The transaction valued at 281,731 led to the insider holds 81,149 shares of the business.
MARCUCCILLI JAMES C sold 25,454 shares of STLD for $3,116,206 on Dec 19 ’23. The Director now owns 59,989 shares after completing the transaction at $122.43 per share. On Dec 19 ’23, another insider, Pushis Glenn, who serves as the Senior Vice President of the company, sold 12,113 shares for $123.06 each. As a result, the insider received 1,490,626 and left with 149,407 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 21190170624 and an Enterprise Value of 22764595200. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.19, and their Forward P/E ratio for the next fiscal year is 13.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 1.211 whereas that against EBITDA is 6.343.
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 $90.55. The 50-Day Moving Average of the stock is -1.37%, while the 200-Day Moving Average is calculated to be 15.54%.
Shares Statistics:
For the past three months, STLD has traded an average of 1.16M shares per day and 1167740 over the past ten days. A total of 160.02M shares are outstanding, with a floating share count of 147.82M. Insiders hold about 6.54% of the company’s shares, while institutions hold 85.37% stake in the company. Shares short for STLD as of 1711584000 were 4547826 with a Short Ratio of 3.91, compared to 1709164800 on 4329732. Therefore, it implies a Short% of Shares Outstanding of 4547826 and a Short% of Float of 3.54.
Dividends & Splits
According to the company, the forward annual dividend rate for STLD is 1.74, from 1.7 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012381646The stock’s 5-year Average Dividend Yield is 2.13.
