A Closer Look At Steel Dynamics Inc. (STLD)’s Financials

As of Friday close, Steel Dynamics Inc.’s (NASDAQ:STLD) stock was down -$0.61, moving down -0.82 percent to $74.13. The average number of shares traded per day over the past five days has been 2,440,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$5.53 fall in that time frame. In the last twenty days, the average volume was 2,524,095, while in the previous 50 days, it was 2,396,976.


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Since last month, STLD stock retreated -15.12%. Shares of the company fell to $73.32 on 05/12/22, the lowest level in the past month. A 52-week high of $100.37 was reached on 04/21/22 after having rallying from a 52-week low of $50.54. Since the beginning of this year, STLD’s stock price has risen by 19.43% or $12.06, and marked a new high 18 times. However, the stock has declined by -26.14% since its 52-week high.

Steel Dynamics Inc. (STLD) last reported insider trading activity 65 days ago on Mar 10. BUSSE KEITH E, the Director of the company, disposed of 5,000 shares for $73.01 on Mar 10. It resulted in a $365,046 divestment by the insider. BUSSE KEITH E sold 25,000 shares at an average price of $72.00 on Mar 09. The insider now owns 732,378 shares following the transaction. On Mar 03, Senior Vice President Graham Christopher A sold 4,425 shares at $76.51 apiece. The transaction was valued at $338,557.

Valuation Metrics

Right now, Steel Dynamics Inc. (STLD) has a P/E ratio of about 3.83. The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 8.44 may also be considered.

The latest dividend of $0.34 per share was paid out, remained unchanged from last year’s $0.34. On Monday February 28 2022, a $0.08 dividend increase was announced.

Financial Health

In the three months ended September 29, Steel Dynamics Inc.’s quick ratio stood at 1.70, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.43, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 31.00% percent. In the year ended September 29, operating margins totaled 25.50%. Based on annual data, STLD earned $5.36 billion in gross profit and brought in $18.41 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 35.50%. Return on equity (ROE) for the past 12 months was 65.10%.

In Steel Dynamics Inc.’s quarter-end financial report for September 29, it reported total debt of $3.01 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. STLD’s revenue rose 36.36% to $5.31 billion during the quarter, while net income inched up to $5.57 billion. While analysts expected Steel Dynamics Inc. to report $4.77 quarterly earnings, the actual figure was $4.96 per share, beating the consensus estimate by 4.00%. During the quarter, the company generated $1.58 billion in EBITDA. The liabilities of Steel Dynamics Inc. were 6.31 billion at the end of its most recent quarter ended September 29, and its total debt was $3.21 billion. The value of shareholders’ equity is $188.69 million.

Technical Picture

This quick technical analysis looks at Steel Dynamics Inc.’s (STLD) price momentum. With a historical volatility rate of 56.34%, the RSI 9-day stood at 26.45% on 13 May.

With respect to its five-day moving average, the current Steel Dynamics Inc. price is down by -6.94% percent or -$5.53. At present, STLD shares trade -16.07% below its 20-day simple moving average and +24.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.84% below its SMA50 and +14.66% above its SMA200.

Stochastic coefficient K was 4.44% and Stochastic coefficient D was 4.23%, while ATR was 4.32. Given the Stochastic reading of 4.37% for the 14-day period, the RSI (14) reading has been calculated as 33.65%. As of today, the MACD Oscillator reading stands at -4.75, while the 14-day reading stands at -7.41.

Analyst Ratings

Steel Dynamics Inc. downgraded its rating on Steel Dynamics Inc. (NASDAQ: STLD) to an Underperform in a note to investors on January 11, 2022. The analysts firm previously had a Peer perform rating on the stock.Steel Dynamics Inc. (STLD) has been rated Overweight by analysts. According to 1 brokerage firm , STLD is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Steel Dynamics Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $104.50, the current consensus forecast for the stock is $72.00 – $129.00. Based on these forecasts, analysts predict Steel Dynamics Inc. (STLD) will achieve an average price target of $104.60.

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