Ryerson Holding Corporation (NYSE:RYI) saw a downside of -0.59% to close Friday at $30.24 after subtracting -$0.18 on the day. The 5-day average trading volume is 655,700 shares of the company’s common stock. It has gained $30.73 in the past week and touched a new high 4 times within the past 5 days. An average of 594,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 421,276.
RYI’s 1-month performance is -30.32% or -$13.27 on its low of $27.96 reached on 08/08/23. The company’s shares have touched a 52-week low of $23.63 and high of $44.70, with the stock’s rally to the 52-week high happening on 07/03/23. YTD, RYI has lost -0.07% or -$0.02 and has reached a new high 20 times. However, the current price is down -32.35% from the 52-week high price.
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Insider Transactions
RYI stock investors last saw insider trading activity on Aug 10.PLATINUM EQUITY, LLC (10% Owner) most recently sold 4,000,000 shares at $30.36 per share on Aug 08. This transaction cost the insider $121,460,000. 10% Owner, PLATINUM EQUITY, LLC, sold 4,000,000 shares at a price of $36.52 on May 08. Then, on Feb 28, 10% Owner PLATINUM EQUITY, LLC sold 4,000,000 shares at a price of $35.08 per share. This transaction amounted to $140,322,193.
Valuation Metrics
RYI stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.19 while the price-to-book (PB) in the most recent quarter is 1.23, with the price to cash flow ratio at 2.66.
Ryerson Holding Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.46, while the total debt to equity was 0.46. In terms of profitability, the gross margin trailing 12 months is 17.20%. The trailing 12-month EBITDA margin is 10.11% while for the period ending June 29, Ryerson Holding Corporation’s operating margin was 3.30%. The firm’s gross profit as reported stood at $1.31 billion against revenue of $6.32 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -422.34% to $37.6 million, while revenue of $47.3 million was -25.8% off the previous quarter. Analysts expected RYI to announce $1.34 per share in earnings in its latest quarter, but it posted $1.06, representing a -20.90% surprise. EBITDA for the quarter stood at more than $73.4 million. RYI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.66 billion, with total debt at $739.1 million. Shareholders hold equity totaling $34.39 million.
Let’s look briefly at Ryerson Holding Corporation (RYI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 33.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.27%.
The stock’s 5-day moving average is $29.76, reflecting a +3.38% or $0.99 change from its current price. RYI is currently trading -28.53% above its 20-day SMA, -15.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.83% and SMA200 by-9.87%.
Stochastic %K and %D was 17.02% and 12.84% and the average true range (ATR) pointed at 1.39. The RSI (14) points at 31.81%, while the 14-day stochastic is at 22.27% with the period’s ATR at 1.46. The stock’s 9-day MACD Oscillator is pointing at 0.78 and -0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ryerson Holding Corporation (NYSE: RYI), BMO Capital Markets downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for RYI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate RYI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is RYI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $37.00 and a high of $37.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Ryerson Holding Corporation (RYI) stock is $37.00.
