Nucor Corp. (NYSE:NUE) saw an upside of 1.80% to $154.47 after adding $2.73 on Wednesday. The 5-day average trading volume is 1,134,538 shares of the company’s common stock. It has gained $157.23 in the past week and touched a new high 4 times within the past 5 days. An average of 1,431,684 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,310,792.
NUE’s 1-month performance is -7.47% or -$11.19 on its low of $151.38 reached on 09/21/23. The company’s shares have touched a 52-week low of $103.75 and high of $182.68, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, NUE has achieved 17.19% or $22.40 and has reached a new high 15 times. However, the current price is down -15.44% from the 52-week high price.
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Insider Transactions
NUE stock investors last saw insider trading activity on Aug 14.Jellison Douglas J (Executive Vice President) most recently sold 5,194 shares at $172.92 per share on Aug 14. This transaction cost the insider $898,151. Executive Vice President, Needham Daniel R., sold 7,002 shares at a price of $170.00 on Aug 10. Then, on Aug 03, Executive Vice President Behr Allen C sold 8,000 shares at a price of $171.61 per share. This transaction amounted to $1,372,856.
Valuation Metrics
NUE stock has a beta of 1.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.03 while the price-to-book (PB) in the most recent quarter is 1.94, with the price to cash flow ratio at 5.98.
Nucor Corp.’s quick ratio for the period ended June 29 was 2.41, with the current ratio over the same period at 3.82. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.33, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 24.99%. The trailing 12-month EBITDA margin is 27.71% while for the period ending June 29, Nucor Corp.’s operating margin was 20.32%. The firm’s gross profit as reported stood at $12.5 billion against revenue of $41.51 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 -75.26% to $1.46 billion, while revenue of $1.14 billion was 22.23% off the previous quarter. Analysts expected NUE to announce $5.53 per share in earnings in its latest quarter, but it posted $5.81, representing a 5.10% surprise. EBITDA for the quarter stood at more than $2.33 billion. NUE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.44 billion, with total debt at $6.83 billion. Shareholders hold equity totaling $248.72 million.
Let’s look briefly at Nucor Corp. (NUE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 40.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.38%.
The stock’s 5-day moving average is $153.17, reflecting a -0.76% or -$1.18 change from its current price. NUE is currently trading -10.20% above its 20-day SMA, +10.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.97% and SMA200 by+2.22%.
Stochastic %K and %D was 12.37% and 10.48% and the average true range (ATR) pointed at 4.42. The RSI (14) points at 40.18%, while the 14-day stochastic is at 16.29% with the period’s ATR at 4.36. The stock’s 9-day MACD Oscillator is pointing at -0.66 and -3.93 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Nucor Corp. (NYSE: NUE), Exane BNP Paribas upgraded it to an Outperform rating. They previously had a Neutral rating on the stock.
