With 3.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.24 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $123.27 whereas the lowest price it dropped to was $121.17. 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 $153.50. With its current market cap of 28.64 billion, NUE has annualized dividend of $2.17 while the current yield stands at 1.78%. NUE paid its most recent dividend on 1735603200, while the ex-dividend date for that was 1735603200. Beta for the stock currently stands at 1.60.
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 down-trending over the past week, with a drop of -2.06%, but this was up by 4.60% over a month. Three-month performance dropped to -13.90% while six-month performance fell -22.32%. The stock lost -29.35% in the past year, while it has gained 4.51% so far this year. A look at the trailing 12-month EPS for NUE yields 10.35 with Next year EPS estimates of 11.05. For the next quarter, that number is 1.12. This implies an EPS growth rate of -8.44% for this year and 42.65% for next year.
Float and Shares Shorts:
At present, 234.81 million NUE shares are outstanding with a float of 233.29 million shares on hand for trading. On 2024-12-31, short shares totaled 4.76 million, which was 202.99999 higher than short shares on 1732838400. 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 0.78233004 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 155.71417. Based on these targets, NUE could surge 45.94% to reach the target high and rise by 2.48% to reach the target low. Reaching the average price target will result in a growth of 27.67% from current levels.
Analysts have provided yearly estimates in a range of $8.53072 being high and $7.82819 being low. For NUE, this leads to a yearly average estimate of $8.26978. Based on analyst estimates, the high estimate for the next quarter is $1.53 and the low estimate is $0.74. The average estimate for the next quarter is thus $1.22.
