Worthington Steel Inc. (WS) Stock Down -2.23%: Latest Performance Analysis

A share price of Worthington Steel Inc. [WS] is currently trading at $36.03, down -2.23%. 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 WS shares have gain 9.81% over the last week, with a monthly amount glided 6.28%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on December 04, 2023, and set its price target to $29.

Worthington Steel Inc. experienced fluctuations in its stock price throughout the past year between $21.00 and $41.01. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Worthington Steel Inc. [NYSE: WS] shares were valued at $36.03 at the most recent close of the market. An investor can expect a potential return of 11.02% based on the average WS price forecast.

Analyzing the WS fundamentals

Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.16 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.

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 35.72 points at the first support level, and at 35.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.56, and for the 2nd resistance point, it is at 37.09.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Worthington Steel Inc. [NYSE:WS] is 1.62. Further, the Quick Ratio stands at 0.96, while the Cash Ratio is 0.07.

Transactions by insiders

Recent insider trading involved NELSON CARL A JR, Director, that happened on Apr 26 ’24 when 12000.0 shares were sold. Director, Chiappone Charles M completed a deal on Jan 12 ’24 to buy 1850.0 shares.

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