As of Friday close, Nucor Corporation’s (NYSE:NUE) stock was down -$1.3, moving down -0.89 percent to $144.12. The average number of shares traded per day over the past five days has been 3,018,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$14.76 fall in that time frame. In the last twenty days, the average volume was 1,929,885, while in the previous 50 days, it was 1,929,286.
Since last month, NUE stock retreated -15.26%. Shares of the company fell to $139.03 on 03/16/23, the lowest level in the past month. A 52-week high of $187.90 was reached on 02/03/23 after having rallying from a 52-week low of $100.12. Since the beginning of this year, NUE’s stock price has risen by 9.34% or $12.31, and marked a new high 15 times. However, the stock has declined by -23.30% since its 52-week high.
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NUE stock investors should be aware that Nucor Corporation (NUE) stock had its last reported insider trading activity 43 days ago on Feb 03. Utermark D. Chad, the Executive Vice President of the company, disposed of 45,357 shares for $177.13 on Feb 03. It resulted in a $8,034,300 divestment by the insider. QUERY KENNETH REX sold 1,962 shares at an average price of $177.99 on Feb 03. The insider now owns 74,138 shares following the transaction. On Feb 02, Executive Vice President Hanners Noah C sold 4,900 shares at $176.63 apiece. The transaction was valued at $865,508.
Right now, Nucor Corporation (NUE) has a P/E ratio of about 4.96. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 0.92, the price-to-book (PB) ratio of 2.00, and the price-to-cash flow ratio of 5.05 may also be considered.
The latest dividend of $0.51 per share was paid out, remained unchanged from last year’s $0.51.
In the three months ended December 30, Nucor Corporation’s quick ratio stood at 2.10, 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 December 30 was 0.36, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 30.10% percent. In the year ended December 30, operating margins totaled 25.10%. Based on annual data, NUE earned $12.5 billion in gross profit and brought in $41.51 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 32.80%. Return on equity (ROE) for the past 12 months was 44.50%.
In Nucor Corporation’s quarter-end financial report for December 30, it reported total debt of $6.61 billion against cash and short-term investments of $576.95 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NUE’s revenue fell -18.8% to $10.5 billion during the quarter, while net income inched up to $8.72 billion. While analysts expected Nucor Corporation to report $4.19 quarterly earnings, the actual figure was $4.89 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $1.86 billion in EBITDA. The liabilities of Nucor Corporation were 12.91 billion at the end of its most recent quarter ended December 30, and its total debt was $6.69 billion. The value of shareholders’ equity is $251.93 million.
This quick technical analysis looks at Nucor Corporation’s (NUE) price momentum. With a historical volatility rate of 39.99%, the RSI 9-day stood at 22.79% on 17 March.
With respect to its five-day moving average, the current Nucor Corporation price is down by -9.29% percent or -$14.76. At present, NUE shares trade -15.13% below its 20-day simple moving average and +6.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.20% above its SMA50 and +8.80% above its SMA200.
Stochastic coefficient K was 12.00% and Stochastic coefficient D was 12.51%, while ATR was 6.49. Given the Stochastic reading of 12.77% for the 14-day period, the RSI (14) reading has been calculated as 30.30%. As of today, the MACD Oscillator reading stands at -12.69, while the 14-day reading stands at -18.44.