With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.63 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $63.7 whereas the lowest price it dropped to was $62.07. The 52-week range on STEP shows that it touched its highest point at $70.38 and its lowest point at $24.97 during that stretch. It currently has a 1-year price target of $70.07. With its current market cap of 7.25 billion, STEP has annualized dividend of $0.90 while the current yield stands at 1.43%. STEP paid its most recent dividend on 1732838400, while the ex-dividend date for that was 1732838400. Beta for the stock currently stands at 1.28.
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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 STEP was down-trending over the past week, with a drop of -5.65%, but this was up by 6.30% over a month. Three-month performance surged to 17.20% while six-month performance rose 45.40%. The stock gained 147.27% in the past year, while it has gained 98.49% so far this year. A look at the trailing 12-month EPS for STEP yields 0.62 with Next year EPS estimates of 2.16. For the next quarter, that number is 0.47. This implies an EPS growth rate of 53.73% for this year and 16.21% for next year. EPS is expected to grow by 16.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.21%.
Float and Shares Shorts:
At present, 72.68 million STEP shares are outstanding with a float of 63.93 million shares on hand for trading. On 2024-11-15, short shares totaled 1.9 million, which was 261.99998 higher than short shares on 1728950400. In addition to Mr. Monte M. Brem J.D. as the firm’s Co-Founder & Executive Chairman, Mr. Scott Hart serves as its CEO, Head of Private Equity, Director & Partner.
Institutional Ownership:
Through their ownership of 0.93865997 of STEP’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 2024-09-30, STEP reported revenue of $271677000.0 and operating income of $50981000.0. The EBITDA in the recently reported quarter was $66540000.0 and diluted EPS was $0.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STEP since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With STEP analysts setting a high price target of 73.0 and a low target of 65.0, the average target price over the next 12 months is 70.07143. Based on these targets, STEP could surge 15.95% to reach the target high and rise by 3.24% to reach the target low. Reaching the average price target will result in a growth of 11.3% from current levels.
Analysts have provided yearly estimates in a range of $1.18489 being high and $1.15477 being low. For STEP, this leads to a yearly average estimate of $1.16481. The surprise factor in the prior quarter was $0.35. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.43. The average estimate for the next quarter is thus $0.46.
