With 1.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.46 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $154.39 whereas the lowest price it dropped to was $152.33. The 52-week range on NUE shows that it touched its highest point at $203.00 and its lowest point at $133.42 during that stretch. It currently has a 1-year price target of $180.11. With its current market cap of 36.61 billion, NUE has annualized dividend of $2.16 while the current yield stands at 1.40%. Beta for the stock currently stands at 1.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NUE was up-trending over the past week, with a rise of 1.61%, but this was up by 8.50% over a month. Three-month performance dropped to -6.88% while six-month performance fell -19.98%. The stock gained 3.54% in the past year, while it has lost -11.36% so far this year. A look at the trailing 12-month EPS for NUE yields 13.86 with Next year EPS estimates of 10.53. For the next quarter, that number is 1.50. This implies an EPS growth rate of -49.32% for this year and 15.49% for next year. EPS is expected to decline by -4.98% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.38%.
Float and Shares Shorts:
At present, 244.90 million NUE shares are outstanding with a float of 235.78 million shares on hand for trading. On 2024-09-30, short shares totaled 5.29 million, which was 223.0 higher than short shares on 1724976000. In addition to Mr. Leon J. Topalian as the firm’s President, CEO & Chairman of the Board, Mr. Stephen D. Laxton serves as its CFO, Treasurer & Executive VP.
Institutional Ownership:
Through their ownership of 0.79473 of NUE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-29, NUE reported revenue of $8077172000.0 and operating income of $886825000.0. The EBITDA in the recently reported quarter was $1296870000.0 and diluted EPS was $2.68.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NUE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
