Companhia Siderurgica Nacional (NYSE:SID) finished Friday with a subtraction of -$0.01 to close at $2.42, a downside of -0.41 percent. An average of 1,325,700 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,185,025 shares traded, while the 50-day average volume stands at 2,816,572.
SID stock has decreased by -16.26% in the last month. The company shares reached their 1-month lowest point of $2.39 on 08/25/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $2.12 and a high of $3.70 in 52 weeks. It has reached a new high 13 times so far this year and lost -8.87% or -$0.34 in price. In spite of this, the price is down -34.59% from the 52-week high.
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Valuation Metrics
Companhia Siderurgica Nacional (SID) stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.36, the price-to-book (PB) ratio at 0.86.
The company has a payout ratio of 100.65%. The company’s most recent quarterly dividend payment was $0.1175 a share, representing a down of -51.71% from $0.2433 last year. Its latest decrease dividend $0.1258 reported on Tuesday May 9 2023.
Financial Health
The quick ratio of Companhia Siderurgica Nacional for the three months ended June 29 was 1.00, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.98 and a total debt to equity ratio of 2.30 for the quarter ending June 29. Companhia Siderurgica Nacional’s EBITDA margin for the year ending June 29 is 27.02%, while its operating margin for the same period stands at 9.10%. Its gross profit as reported stood at $2.58 billion compared to revenue of $8.59 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $295.27 million in the quarter, while revenues were shrunk -1618.47%. The analyst consensus anticipated Companhia Siderurgica Nacional’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.03, a -75.00% surprise. For the quarter, EBITDA amounted to $262.19 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Companhia Siderurgica Nacional (SID) price momentum. RSI 9-day as of the close on 25 August was 35.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.82%.
As of today, SID’s price is $2.45 -0.82% or -$0.02 from its 5-day moving average. SID is currently trading -15.38% lower than its 20-day SMA and -19.06% lower than its 100-day SMA. However, the stock’s current price level is -11.36% below the SMA50 and -6.56% below the SMA200.
The stochastic %K and %D were 22.22% and 22.19%, respectively, and the average true range (ATR) was 0.07. With the 14-day stochastic at 14.29% and the average true range at 0.08, the RSI (14) stands at 37.96%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.
Analyst Ratings
Itau BBA downgraded Companhia Siderurgica Nacional (NYSE: SID) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Companhia Siderurgica Nacional (SID) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell SID, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is SID’s price target for the next 12 months?
Analysts predict a range of price targets between $2.21 and $3.94, with a median target of $2.91. Taking a look at these predictions, the average price target given by analysts for Companhia Siderurgica Nacional (SID) stock is $2.93.
