A share price of Steelcase, Inc. [SCS] is currently trading at $13.15, up 2.65%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SCS shares have gain 7.35% over the last week, with a monthly amount glided 8.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Steelcase, Inc. [NYSE: SCS] stock has seen the most recent analyst activity on November 30, 2022, when The Benchmark Company downgraded its rating to a Hold. Previously, Sidoti upgraded its rating to Buy on October 04, 2022, and kept the price target unchanged to $11. On September 15, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $12 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $17 on May 11, 2021. The Benchmark Company upgraded its rating to a Buy but $17 remained the price target by the analyst firm on May 07, 2021. Sidoti upgraded its rating to Buy for this stock on September 15, 2020. In a note dated August 24, 2020, The Benchmark Company downgraded an Hold rating on this stock.
Steelcase, Inc. experienced fluctuations in its stock price throughout the past year between $6.39 and $14.54. Steelcase, Inc. [NYSE: SCS] shares were valued at $13.15 at the most recent close of the market.
Analyzing the SCS fundamentals
Trailing Twelve Months sales for Steelcase, Inc. [NYSE:SCS] were 3.16B which represents -3.31% decline. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 12.89 points at the first support level, and at 12.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.29, and for the 2nd resistance point, it is at 13.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Steelcase, Inc. [NYSE:SCS] is 1.58. Also, the Quick Ratio is 1.20, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 19.57.
Transactions by insiders
Recent insider trading involved Krestakos Robert G, VP, Chief Operations Officer, that happened on Mar 25 ’24 when 4000.0 shares were sold. VP, Corp Controller and CAO, McGrath Nicole Cherie completed a deal on Dec 27 ’23 to sell 1792.0 shares. Meanwhile, VP, Global Operations Krestakos Robert G sold 3800.0 shares on Dec 26 ’23.
