As of Friday close, Companhia Siderurgica Nacional’s (NYSE:SID) stock was down -$0.02, moving down -0.82 percent to $2.41. The average number of shares traded per day over the past five days has been 2,236,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 1,823,735, while in the previous 50 days, it was 2,117,670.
Since last month, SID stock retreated -3.98%. Shares of the company fell to $2.34 on 09/07/23, the lowest level in the past month. A 52-week high of $3.70 was reached on 02/01/23 after having rallying from a 52-week low of $2.12. Since the beginning of this year, SID’s stock price has dropped by -9.25% or -$0.35, and marked a new high 13 times. However, the stock has declined by -34.86% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.84.
The latest dividend of $0.1175 per share was paid out, which is -51.71% less than last year’s $0.2433. On Tuesday May 9 2023, a $0.1258 dividend decrease was announced.
Financial Health
In the three months ended June 29, Companhia Siderurgica Nacional’s quick ratio stood at 1.00, while its current ratio was 1.50, 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 1.98, and the total debt-to-equity ratio was 2.30. On the profitability front, the trailing twelve-month gross margin is 25.50% percent. In the year ended June 29, EBITDA margin amounted to 27.02%, whereas operating margins totaled 9.10%. Based on annual data, SID earned $2.58 billion in gross profit and brought in $8.59 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 9.30%. Return on equity (ROE) for the past 12 months was -3.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SID’s revenue fell -172.5% during the quarter, while net income inched up to $8.43 billion. While analysts expected Companhia Siderurgica Nacional to report $0.12 quarterly earnings, the actual figure was $0.03 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated $380.42 million in EBITDA. The liabilities of Companhia Siderurgica Nacional were 12.78 billion at the end of its most recent quarter ended June 29, and its total debt was $42.43 billion.
Technical Picture
This quick technical analysis looks at Companhia Siderurgica Nacional’s (SID) price momentum. With a historical volatility rate of 30.99%, the RSI 9-day stood at 40.01% on 22 September.
With respect to its five-day moving average, the current Companhia Siderurgica Nacional price is down by -5.49% percent or -$0.14. At present, SID shares trade -0.82% below its 20-day simple moving average and -13.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.36% below its SMA50 and -13.31% below its SMA200.
Stochastic coefficient K was 41.98% and Stochastic coefficient D was 54.73%, while ATR was 0.07. Given the Stochastic reading of 25.93% for the 14-day period, the RSI (14) reading has been calculated as 42.60%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.01.
Analyst Ratings
Companhia Siderurgica Nacional downgraded its rating on Companhia Siderurgica Nacional (NYSE: SID) to an Underperform in a note to investors on July 10, 2023. The analysts firm previously had a Market perform rating on the stock.Companhia Siderurgica Nacional (SID) has been rated Hold by analysts. According to 2 brokerage firms, SID is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Companhia Siderurgica Nacional stock as buy, with 2 recommending it as overweight.
With a median target price of $2.92, the current consensus forecast for the stock is $2.21 – $3.94. Based on these forecasts, analysts predict Companhia Siderurgica Nacional (SID) will achieve an average price target of $2.93.
