With 1.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.64 million shares. The 52-week range on STLD shows that it touched its highest point at $155.56 and its lowest point at $104.60 during that stretch. It currently has a 1-year price target of $145.91. With its current market cap of 20.30 billion, STLD has annualized dividend of $1.84 while the current yield stands at 1.38%. Beta for the stock currently stands at 1.36.
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 STLD was down-trending over the past week, with a drop of -1.30%, but this was up by 4.94% over a month. Three-month performance dropped to -7.14% while six-month performance rose 8.63%. The stock gained 1.72% in the past year, while it has gained 16.88% so far this year. A look at the trailing 12-month EPS for STLD yields 9.79 with Next year EPS estimates of 12.18. For the next quarter, that number is 1.51. This implies an EPS growth rate of -10.95% for this year and 38.95% for next year. EPS is expected to grow by 13.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.48%.
Float and Shares Shorts:
At present, 152.25 million STLD shares are outstanding with a float of 142.64 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STLD since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $9.99082 being high and $9.60079 being low. For STLD, this leads to a yearly average estimate of $9.7608. Based on analyst estimates, the high estimate for the next quarter is $3.04 and the low estimate is $1.4. The average estimate for the next quarter is thus $2.17.
