Companhia Siderurgica Nacional (NYSE:SID) saw a downside of -1.14% to close Monday at $2.61 after subtracting -$0.03 on the day. The 5-day average trading volume is 3,159,940 shares of the company’s common stock. It has gained $2.93 in the past week and touched a new high 1 time within the past 5 days. An average of 2,637,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,511,590.
SID’s 1-month performance is -2.25% or -$0.06 on its low of $2.54 reached on 07/11/23. The company’s shares have touched a 52-week low of $2.12 and high of $3.70, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, SID has lost -1.72% or -$0.15 and has reached a new high 13 times. However, the current price is down -29.46% from the 52-week high price.
Valuation Metrics
SID stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.39 while the price-to-book (PB) in the most recent quarter is 0.92.
Companhia Siderurgica Nacional’s quick ratio for the period ended June 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 June 29 was 1.98, while the total debt to equity was 2.30. In terms of profitability, the gross margin trailing 12 months is 25.50%. The trailing 12-month EBITDA margin is 27.02% while for the period ending June 29, Companhia Siderurgica Nacional’s operating margin was 9.10%. The firm’s gross profit as reported stood at $2.58 billion against revenue of $8.59 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1618.47% to $295.27 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SID to announce $0.12 per share in earnings in its latest quarter, but it posted $0.03, representing a -75.00% surprise. EBITDA for the quarter stood at more than $262.19 million. SID stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.49 billion, with total debt at $42.43 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 07 August was 36.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.85%.
The stock’s 5-day moving average is $2.71, reflecting a -11.53% or -$0.34 change from its current price. SID is currently trading +1.95% above its 20-day SMA, -13.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.16% and SMA200 by+3.57%.
Stochastic %K and %D was 4.44% and 18.65% and the average true range (ATR) pointed at 0.09. The RSI (14) points at 41.98%, while the 14-day stochastic is at 2.50% with the period’s ATR at 0.10. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.15 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Companhia Siderurgica Nacional (NYSE: SID), Itau BBA downgraded it to an Underperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for SID stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate SID as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is SID’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.24 and a high of $3.94, with their median price target at $2.92. Looking at these predictions, the average price target given by analysts is for Companhia Siderurgica Nacional (SID) stock is $2.94.
