Companhia Siderurgica Nacional (NYSE:SID) saw a downside of -1.72% to $3.42 after subtracting -$0.06 on Tuesday. The 5-day average trading volume is 2,144,991 shares of the company’s common stock. It has gained $3.54 in the past week and touched a new high 3 times within the past 5 days. An average of 2,584,473 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,544,479.
SID’s 1-month performance is 31.19% or $0.66 on its low of $2.68 reached on 01/03/23. The company’s shares have touched a 52-week low of $2.12 and high of $5.75, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, SID has achieved 30.71% or $0.65 and has reached a new high 10 times. However, the current price is down -40.56% from the 52-week high price.
SID stock has a beta of 1.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.54 while the price-to-book (PB) in the most recent quarter is 1.13.
Companhia Siderurgica Nacional’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.55, while the total debt to equity was 1.79. In terms of profitability, the gross margin trailing 12 months is 31.60%. The firm’s gross profit as reported stood at $4.09 billion against revenue of $8.88 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 99.8% to $5.07 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SID to announce $0.11 per share in earnings in its latest quarter, but it posted $0.02, representing a -81.80% surprise. EBITDA for the quarter stood at more than $197.2 million. SID stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 11.23 billion, with total debt at $37.87 billion.
Let’s look briefly at Companhia Siderurgica Nacional (SID) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 71.92% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.41%.
The stock’s 5-day moving average is $3.41, reflecting a +3.17% or $0.11 change from its current price. SID is currently trading +22.84% above its 20-day SMA, +22.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.36% and SMA200 by-34.95%.
Stochastic %K and %D was 91.48% and 91.21% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 69.31%, while the 14-day stochastic is at 85.21% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.18 on the 14-day charts.
In the most recent analyst report for Companhia Siderurgica Nacional (NYSE: SID), BofA Securities downgraded it to an Underperform rating. They previously had a Neutral rating on the stock.