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After finishing at $12.92 in the prior trading day, Steelcase, Inc. (NYSE: SCS) closed at $13.01, up 0.70%. In other words, the price has increased by $0.70 from its previous closing price. On the day, 0.77 million shares were traded. SCS stock price reached its highest trading level at $13.18 during the session, while it also had its lowest trading level at $12.82.
Ratios:
Our goal is to gain a better understanding of SCS 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 4.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.61.
On October 04, 2022, Sidoti Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $11.
Sidoti Downgraded its Buy to Neutral on September 15, 2022, while the target price for the stock was maintained at $12.
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 Jul 24 ’24 when Sylvester David C sold 73,184 shares for $13.84 per share. The transaction valued at 1,012,603 led to the insider holds 551,592 shares of the business.
Sylvester David C sold 1,816 shares of SCS for $24,988 on Jul 25 ’24. The SVP, Chief Financial Officer now owns 549,776 shares after completing the transaction at $13.76 per share. On Jul 23 ’24, another insider, McGrath Nicole Cherie, who serves as the VP, Corp Controller and CAO of the company, sold 15,749 shares for $13.94 each. As a result, the insider received 219,528 and left with 18,453 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 1482749696 and an Enterprise Value of 1811480960. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.37, and their Forward P/E ratio for the next fiscal year is 11.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 1.59. Its current Enterprise Value per Revenue stands at 0.578 whereas that against EBITDA is 7.005.
Stock Price History:
Over the past 52 weeks, SCS has reached a high of $14.74, while it has fallen to a 52-week low of $10.29. The 50-Day Moving Average of the stock is -3.70%, while the 200-Day Moving Average is calculated to be 0.09%.
Shares Statistics:
The stock has traded on average 686.44K shares per day over the past 3-months and 941840 shares per day over the last 10 days, according to various share statistics. A total of 93.94M shares are outstanding, with a floating share count of 85.26M. Insiders hold about 25.14% of the company’s shares, while institutions hold 73.23% stake in the company. Shares short for SCS as of 1724976000 were 2907753 with a Short Ratio of 4.24, compared to 1722384000 on 2180272. Therefore, it implies a Short% of Shares Outstanding of 2907753 and a Short% of Float of 3.55.
Dividends & Splits
In the trailing 12 months, SCS’s forward annual dividend rate was 0.4, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.030959753The stock’s 5-year Average Dividend Yield is 4.2.
