Are You Interested In Investing In Nucor Corporation (NUE)? Check This Out First

As of Friday close, Nucor Corporation’s (NYSE:NUE) stock was down -$0.85, moving down -0.68 percent to $123.79. The average number of shares traded per day over the past five days has been 3,390,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$12.76 fall in that time frame. In the last twenty days, the average volume was 3,754,330, while in the previous 50 days, it was 3,365,516.

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Since last month, NUE stock retreated -24.16%. Shares of the company fell to $122.24 on 05/12/22, the lowest level in the past month. A 52-week high of $187.90 was reached on 04/21/22 after having rallying from a 52-week low of $87.71. Since the beginning of this year, NUE’s stock price has risen by 8.45% or $9.64, and marked a new high 20 times. However, the stock has declined by -34.12% since its 52-week high.

Nucor Corporation (NUE) last reported insider trading activity 18 days ago on Apr 26. Needham Daniel R., the Executive Vice President of the company, disposed of 4,000 shares for $160.00 on Apr 26. It resulted in a $640,000 divestment by the insider. Keller Michael D sold 3,600 shares at an average price of $154.58 on Mar 25. The insider now owns 26,134 shares following the transaction. On Mar 24, Executive Vice President Utermark D. Chad sold 2,945 shares at $152.87 apiece. The transaction was valued at $450,196.

Valuation Metrics

Right now, Nucor Corporation (NUE) has a P/E ratio of about 6.62. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 1.04, the price-to-book (PB) ratio of 2.48, and the price-to-cash flow ratio of 16.04 may also be considered.

The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50. On Thursday December 2 2021, a $0.0950 dividend increase was announced.

Financial Health

In the three months ended September 29, Nucor Corporation’s quick ratio stood at 1.30, while its current ratio was 2.50, 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 0.35, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 27.50% percent. In the year ended September 29, operating margins totaled 22.80%. Based on annual data, NUE earned $11.03 billion in gross profit and brought in $36.48 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 36.40%. Return on equity (ROE) for the past 12 months was 43.00%.

In Nucor Corporation’s quarter-end financial report for September 29, it reported total debt of $6.11 billion against cash and short-term investments of $446.87 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NUE’s revenue rose 33.13% to $10.36 billion during the quarter, while net income inched up to $10.49 billion. While analysts expected Nucor Corporation to report $7.28 quarterly earnings, the actual figure was $7.28 per share. During the quarter, the company generated $3.17 billion in EBITDA. The liabilities of Nucor Corporation were 12.49 billion at the end of its most recent quarter ended September 29, and its total debt was $5.82 billion. The value of shareholders’ equity is $266.06 million.

Technical Picture

This quick technical analysis looks at Nucor Corporation’s (NUE) price momentum. With a historical volatility rate of 47.88%, the RSI 9-day stood at 19.75% on 13 May.

With respect to its five-day moving average, the current Nucor Corporation price is down by -9.34% percent or -$12.76. At present, NUE shares trade -25.12% below its 20-day simple moving average and +11.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.99% below its SMA50 and +19.66% above its SMA200.

Stochastic coefficient K was 3.28% and Stochastic coefficient D was 2.70%, while ATR was 7.15. Given the Stochastic reading of 3.73% for the 14-day period, the RSI (14) reading has been calculated as 28.13%. As of today, the MACD Oscillator reading stands at -10.54, while the 14-day reading stands at -18.02.


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