Are You Interested In Investing In Steel Dynamics Inc. (STLD)? Check This Out First


As of Friday close, Steel Dynamics Inc.’s (NASDAQ:STLD) stock was down -$2.36, moving down -2.22 percent to $103.91. The average number of shares traded per day over the past five days has been 4,124,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$16.45 fall in that time frame. In the last twenty days, the average volume was 2,303,485, while in the previous 50 days, it was 1,900,038.

Since last month, STLD stock retreated -17.32%. Shares of the company fell to $99.53 on 03/16/23, the lowest level in the past month. A 52-week high of $136.46 was reached on 03/06/23 after having rallying from a 52-week low of $62.44. Since the beginning of this year, STLD’s stock price has risen by 6.36% or $6.21, and marked a new high 16 times. However, the stock has declined by -23.85% since its 52-week high.

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STLD stock investors should be aware that Steel Dynamics Inc. (STLD) stock had its last reported insider trading activity 106 days ago on Dec 02. MARCUCCILLI JAMES C, the Director of the company, disposed of 2,500 shares for $108.90 on Dec 02. It resulted in a $272,250 divestment by the insider. BUSSE KEITH E sold 244 shares at an average price of $95.50 on Oct 25. The insider now owns 701,704 shares following the transaction. On Oct 24, Director BUSSE KEITH E sold 22,103 shares at $96.33 apiece. The transaction was valued at $2,129,182.

Valuation Metrics

Right now, Steel Dynamics Inc. (STLD) has a P/E ratio of about 5.00. The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 2.23, and the price-to-cash flow ratio of 5.73 may also be considered.

The latest dividend of $0.4250 per share was paid out, which is 25.0% more than last year’s $0.34.

Financial Health

In the three months ended December 30, Steel Dynamics Inc.’s quick ratio stood at 2.20, while its current ratio was 3.80, 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 December 30 was 0.37, and the total debt-to-equity ratio was 0.38. On the profitability front, the trailing twelve-month gross margin is 27.50% percent. In the year ended December 30, operating margins totaled 22.90%. Based on annual data, STLD earned $6.12 billion in gross profit and brought in $22.26 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 35.30%. Return on equity (ROE) for the past 12 months was 50.40%.

In Steel Dynamics Inc.’s quarter-end financial report for December 30, it reported total debt of $3.01 billion against cash and short-term investments of $628.22 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. STLD’s revenue fell -10.04% to $5.65 billion during the quarter, while net income inched up to $4.83 billion. While analysts expected Steel Dynamics Inc. to report $3.79 quarterly earnings, the actual figure was $4.37 per share, beating the consensus estimate by 15.30%. During the quarter, the company generated $861.29 million in EBITDA. The liabilities of Steel Dynamics Inc. were 6.25 billion at the end of its most recent quarter ended December 30, and its total debt was $3.07 billion. The value of shareholders’ equity is $171.58 million.

Technical Picture

This quick technical analysis looks at Steel Dynamics Inc.’s (STLD) price momentum. With a historical volatility rate of 71.64%, the RSI 9-day stood at 27.66% on 17 March.

With respect to its five-day moving average, the current Steel Dynamics Inc. price is down by -13.67% percent or -$16.45. At present, STLD shares trade -17.65% below its 20-day simple moving average and +11.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.27% above its SMA50 and +21.70% above its SMA200.

Stochastic coefficient K was 11.68% and Stochastic coefficient D was 9.62%, while ATR was 6.11. Given the Stochastic reading of 11.86% for the 14-day period, the RSI (14) reading has been calculated as 33.14%. As of today, the MACD Oscillator reading stands at -13.52, while the 14-day reading stands at -18.42.

Analyst Ratings

Steel Dynamics Inc. downgraded its rating on Steel Dynamics Inc. (NASDAQ: STLD) to a Neutral in a note to investors on March 15, 2023. The analysts firm previously had a Buy rating on the stock.Steel Dynamics Inc. (STLD) has been rated Hold by analysts. According to 1 brokerage firm, STLD is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Steel Dynamics Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $120.00, the current consensus forecast for the stock is $63.00 – $140.00. Based on these forecasts, analysts predict Steel Dynamics Inc. (STLD) will achieve an average price target of $113.82.


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