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In the latest session, Steelcase, Inc. (NYSE: SCS) closed at $12.52 down -0.08% from its previous closing price of $12.53. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 0.83 million shares were traded. SCS stock price reached its highest trading level at $12.54 during the session, while it also had its lowest trading level at $11.9788.
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 4.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.66.
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:
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 Mar 25 ’24 when Krestakos Robert G sold 4,000 shares for $12.61 per share. The transaction valued at 50,453 led to the insider holds 108,081 shares of the business.
McGrath Nicole Cherie sold 1,792 shares of SCS for $24,998 on Dec 27 ’23. The VP, Corp Controller and CAO now owns 33,899 shares after completing the transaction at $13.95 per share. On Dec 26 ’23, another insider, Krestakos Robert G, who serves as the VP, Global Operations of the company, sold 3,800 shares for $13.83 each. As a result, the insider received 52,560 and left with 110,489 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 1428669824 and an Enterprise Value of 1747806592. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.63, and their Forward P/E ratio for the next fiscal year is 11.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 0.553 whereas that against EBITDA is 8.391.
Stock Price History:
Over the past 52 weeks, SCS has reached a high of $14.54, while it has fallen to a 52-week low of $7.10. The 50-Day Moving Average of the stock is -1.76%, while the 200-Day Moving Average is calculated to be 3.94%.
Shares Statistics:
For the past three months, SCS has traded an average of 736.79K shares per day and 652530 over the past ten days. A total of 93.94M shares are outstanding, with a floating share count of 85.40M. Insiders hold about 25.17% of the company’s shares, while institutions hold 75.03% stake in the company. Shares short for SCS as of 1715731200 were 2144296 with a Short Ratio of 2.91, compared to 1713139200 on 3387932. Therefore, it implies a Short% of Shares Outstanding of 2144296 and a Short% of Float of 2.6199998.
Dividends & Splits
According to the company, the forward annual dividend rate for SCS is 0.40, from 0.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.031923383The stock’s 5-year Average Dividend Yield is 4.23.
