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After finishing at $128.44 in the prior trading day, Steel Dynamics Inc. (NASDAQ: STLD) closed at $127.77, down -0.52%. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 1.14 million shares were traded. STLD stock price reached its highest trading level at $128.46 during the session, while it also had its lowest trading level at $125.5.
Ratios:
Our goal is to gain a better understanding of STLD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.24.
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, Jefferies on May 20, 2024, initiated with a Hold rating and assigned the stock a target price of $150.
On January 16, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $120.
Citigroup Upgraded its Neutral to Buy on September 25, 2023, while the target price for the stock was maintained at $130.
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 May 15 ’24 when Graham Christopher A sold 21,000 shares for $136.81 per share. The transaction valued at 2,873,010 led to the insider holds 60,415 shares of the business.
Shaheen Gabriel sold 2,346 shares of STLD for $281,731 on Feb 06 ’24. The Director now owns 81,149 shares after completing the transaction at $120.09 per share. On Dec 19 ’23, another insider, MARCUCCILLI JAMES C, who serves as the Director of the company, sold 25,454 shares for $122.43 each. As a result, the insider received 3,116,206 and left with 59,989 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 20076881920 and an Enterprise Value of 21811030016. As of this moment, Steel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.24, and their Forward P/E ratio for the next fiscal year is 12.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. 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 2.22. Its current Enterprise Value per Revenue stands at 1.202 whereas that against EBITDA is 7.237.
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 $95.53. The 50-Day Moving Average of the stock is -1.06%, while the 200-Day Moving Average is calculated to be 3.08%.
Shares Statistics:
The stock has traded on average 1.33M shares per day over the past 3-months and 1433180 shares per day over the last 10 days, according to various share statistics. A total of 160.02M shares are outstanding, with a floating share count of 146.80M. Insiders hold about 6.57% of the company’s shares, while institutions hold 84.15% stake in the company. Shares short for STLD as of 1719532800 were 6187978 with a Short Ratio of 4.65, compared to 1717113600 on 6330925. Therefore, it implies a Short% of Shares Outstanding of 6187978 and a Short% of Float of 4.8499998.
Dividends & Splits
In the trailing 12 months, STLD’s forward annual dividend rate was 1.77, compared to 1.77 this year. Against a Trailing Annual Dividend Yield of 0.013780753The stock’s 5-year Average Dividend Yield is 2.06.
