As of Thursday close, Steel Dynamics Inc.’s (NASDAQ:STLD) stock was down -$0.71, moving down -0.71 percent to $99.54. The average number of shares traded per day over the past five days has been 2,012,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.99 fall in that time frame. In the last twenty days, the average volume was 1,316,240, while in the previous 50 days, it was 1,263,202.
Since last month, STLD stock retreated -5.06%. Shares of the company fell to $95.53 on 09/18/23, 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 $69.12. Since the beginning of this year, STLD’s stock price has risen by 1.88% or $1.84, and marked a new high 16 times. However, the stock has declined by -27.06% since its 52-week high.
STLD stock investors should be aware that Steel Dynamics Inc. (STLD) stock had its last reported insider trading activity 38 days ago on Aug 15. Graham Christopher A, the Senior Vice President of the company, disposed of 48,000 shares for $105.03 on Aug 15. It resulted in a $5,041,219 divestment by the insider. Shaheen Gabriel sold 1,717 shares at an average price of $105.80 on Jul 31. The insider now owns 83,074 shares following the transaction. On Dec 02, Director MARCUCCILLI JAMES C sold 2,500 shares at $108.90 apiece. The transaction was valued at $272,250.
Valuation Metrics
Right now, Steel Dynamics Inc. (STLD) has a P/E ratio of about 5.80. The stock’s beta is 1.53. Besides these, the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 1.92, and the price-to-cash flow ratio of 5.69 may also be considered.
The latest dividend of $0.4250 per share was paid out, remained unchanged from last year’s $0.4250.
Financial Health
In the three months ended June 29, Steel Dynamics Inc.’s quick ratio stood at 2.50, while its current ratio was 4.20, 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 June 29 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 23.50% percent. In the year ended June 29, EBITDA margin amounted to 24.49%, whereas operating margins totaled 19.00%. 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 36.20%.
In Steel Dynamics Inc.’s quarter-end financial report for June 29, it reported total debt of $3.01 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. STLD’s revenue fell -22.26% to $4.89 billion during the quarter, while net income inched up to $5.08 billion. While analysts expected Steel Dynamics Inc. to report $4.81 quarterly earnings, the actual figure was $4.81 per share. During the quarter, the company generated $1.17 billion in EBITDA. The liabilities of Steel Dynamics Inc. were 6.06 billion at the end of its most recent quarter ended June 29, and its total debt was $3.07 billion. The value of shareholders’ equity is $165.64 million.
Technical Picture
This quick technical analysis looks at Steel Dynamics Inc.’s (STLD) price momentum. With a historical volatility rate of 33.42%, the RSI 9-day stood at 42.45% on 21 September.
With respect to its five-day moving average, the current Steel Dynamics Inc. price is down by -2.92% percent or -$2.99. At present, STLD shares trade -3.26% below its 20-day simple moving average and -4.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.94% below its SMA50 and -9.14% below its SMA200.
Stochastic coefficient K was 32.73% and Stochastic coefficient D was 27.18%, while ATR was 3.01. Given the Stochastic reading of 31.53% for the 14-day period, the RSI (14) reading has been calculated as 43.37%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -1.91.
Analyst Ratings
Steel Dynamics Inc. downgraded its rating on Steel Dynamics Inc. (NASDAQ: STLD) to a Neutral in a note to investors on July 05, 2023. The analysts firm previously had an Outperform rating on the stock.Steel Dynamics Inc. (STLD) has been rated Hold by analysts. According to 2 brokerage firms, STLD is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Steel Dynamics Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $107.00, the current consensus forecast for the stock is $71.00 – $130.00. Based on these forecasts, analysts predict Steel Dynamics Inc. (STLD) will achieve an average price target of $106.71.
