How have Steel Dynamics Inc. (STLD)’s performance and profitability changed over the time?

Steel Dynamics Inc. [STLD] stock prices are down -0.91% to $147.90 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The STLD shares have gain 2.60% over the last week, with a monthly amount glided 10.61%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

On 1, April 2024, Steel Dynamics Announces Leadership Appointments. In a post published today on Yahoo Finance, Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced leadership appointments for James Anderson and Chad Bickford.

From an analyst’s perspective:

Steel Dynamics Inc. [NASDAQ: STLD] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $120. Previously, Citigroup upgraded its rating to Buy on September 25, 2023, and kept the price target unchanged to $130. On July 05, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $102 on the stock. JP Morgan started tracking the stock assigning a Underweight rating and suggested a price target of $82 on May 23, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $123 on April 05, 2023. Citigroup downgraded its rating to Neutral for this stock on March 15, 2023. In a note dated January 27, 2023, Goldman downgraded an Neutral rating on this stock and boosted its target price from $114 to $118.

The stock price of Steel Dynamics Inc. [STLD] has been fluctuating between $90.55 and $151.34 over the past year. Currently, Wall Street analysts expect the stock to reach $117 within the next 12 months. Steel Dynamics Inc. [NASDAQ: STLD] shares were valued at $147.90 at the most recent close of the market. An investor can expect a potential drop of -20.89% based on the average STLD price forecast.

Analyzing the STLD fundamentals

The Steel Dynamics Inc. [NASDAQ:STLD] reported sales of 18.80B for trailing twelve months, representing a drop of -12.28%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.28 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 146.14 points at the first support level, and at 144.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.50, and for the 2nd resistance point, it is at 151.10.

Steel Dynamics Inc. [STLD] reported earnings per share of $2.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.66/share, meaning a difference of -$0.05 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.47 per share as compared to estimates of $3.43 per share, a difference of $0.04 representing a surprise of 1.20%.

Ratios To Look Out For

It’s worth pointing out that Steel Dynamics Inc. [NASDAQ:STLD]’s Current Ratio is 2.91. Further, the Quick Ratio stands at 1.67, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 2.67 and price to earnings (TTM) ratio is 10.13.

Transactions by insiders

Recent insider trading involved Shaheen Gabriel, Director, that happened on Feb 06 ’24 when 2346.0 shares were sold. Director, MARCUCCILLI JAMES C completed a deal on Dec 19 ’23 to sell 25454.0 shares. Meanwhile, Senior Vice President Pushis Glenn sold 12113.0 shares on Dec 19 ’23.

Related Posts