Analysts Issue Research Notes On Companhia Siderurgica Nacional (SID)


Companhia Siderurgica Nacional (NYSE:SID) finished Thursday with an addition of $0.14 to close at $2.59, an upside of 5.71 percent. An average of 5,152,460 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,222,300 shares traded, while the 50-day average volume stands at 4,616,730.

SID stock has decreased by -20.06% in the last month. The company shares reached their 1-month lowest point of $2.43 on 09/16/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $2.42 and a high of $5.97 in 52 weeks. It has reached a new high 16 times so far this year and lost -41.10% or -$1.85 in price. In spite of this, the price is down -56.58% from the 52-week high.

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Valuation Metrics

Companhia Siderurgica Nacional (SID) has a trailing price-to-earnings (P/E) ratio of 5.33. The stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, the price-to-book (PB) ratio at 0.85.

The company has a payout ratio of 447.20%. The company’s most recent quarterly dividend payment was $0.2433 a share, representing a up of 78.9% from $0.1360 last year. Its latest increase dividend $0.1073 reported on Friday December 31 2021.

Financial Health

The quick ratio of Companhia Siderurgica Nacional for the three months ended March 30 was 1.10, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.43 and a total debt to equity ratio of 1.66 for the quarter ending March 30. Its gross profit as reported stood at $4.09 billion compared to revenue of $8.88 billion.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $5.07 billion in the quarter, while revenues were grew 99.8%. The analyst consensus anticipated Companhia Siderurgica Nacional’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.18, a -61.70% surprise. For the quarter, EBITDA amounted to $348.87 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Companhia Siderurgica Nacional (SID) price momentum. RSI 9-day as of the close on 22 September was 45.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.17%.

As of today, SID’s price is $2.55 +3.19% or $0.08 from its 5-day moving average. SID is currently trading -18.55% lower than its 20-day SMA and -38.48% lower than its 100-day SMA. However, the stock’s current price level is -3.00% below the SMA50 and -38.48% below the SMA200.

The stochastic %K and %D were 25.00% and 26.44%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 36.36% and the average true range at 0.14, the RSI (14) stands at 44.41%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.06.

Analyst Ratings

BofA Securities downgraded Companhia Siderurgica Nacional (NYSE: SID) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Companhia Siderurgica Nacional (SID) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SID, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is SID’s price target for the next 12 months?

Analysts predict a range of price targets between $2.88 and $6.46, with a median target of $3.35. Taking a look at these predictions, the average price target given by analysts for Companhia Siderurgica Nacional (SID) stock is $4.02.


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