With 2.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.15 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $123.445 whereas the lowest price it dropped to was $120.24. The 52-week range on NUE shows that it touched its highest point at $203.00 and its lowest point at $112.25 during that stretch. It currently has a 1-year price target of $155.10. With its current market cap of 28.48 billion, NUE has annualized dividend of $2.17 while the current yield stands at 1.79%. Beta for the stock currently stands at 1.61.
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 4.68%, but this was down by -16.69% over a month. Three-month performance dropped to -20.60% while six-month performance fell -19.28%. The stock lost -28.90% in the past year, while it has gained 3.92% so far this year. A look at the trailing 12-month EPS for NUE yields 10.35 with Next year EPS estimates of 8.07. For the next quarter, that number is 0.69. This implies an EPS growth rate of -53.91% for this year and -2.72% for next year. EPS is expected to grow by 0.67% 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, 234.81 million NUE shares are outstanding with a float of 233.30 million shares on hand for trading. On 2024-12-13, short shares totaled 5.85 million, which was 248.99999999999997 higher than short shares on 1731628800. 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 0.79653 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 2024-09-28, NUE reported revenue of $7444160000.0 and operating income of $513277000.0. The EBITDA in the recently reported quarter was $927110000.0 and diluted EPS was $1.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NUE since 11 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 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 NUE analysts setting a high price target of 178.0 and a low target of 125.0, the average target price over the next 12 months is 157.0475. Based on these targets, NUE could surge 46.77% to reach the target high and rise by 3.07% to reach the target low. Reaching the average price target will result in a growth of 29.49% from current levels.
Analysts have provided yearly estimates in a range of $8.48925 being high and $8.11107 being low. For NUE, this leads to a yearly average estimate of $8.31011. Based on analyst estimates, the high estimate for the next quarter is $1.59 and the low estimate is $0.74. The average estimate for the next quarter is thus $1.24.
