This is why Companhia Siderurgica Nacional ADR (SID) Stock is one of the options for the Longer run

Companhia Siderurgica Nacional ADR [SID] stock prices are up 0.90% to $2.25 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 SID shares have gain 2.27% over the last week, with a monthly amount glided 0.45%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Companhia Siderurgica Nacional ADR [NYSE: SID] stock has seen the most recent analyst activity on April 09, 2024, when BofA Securities downgraded its rating to a Underperform. Previously, Itau BBA downgraded its rating to Underperform on April 04, 2024. On November 20, 2023, upgrade upgraded it’s rating to Buy. Itau BBA downgraded its rating to a Underperform but stick to its price target of $2.30 on July 10, 2023. BofA Securities downgraded its rating to a Underperform. Goldman upgraded its rating to Buy for this stock on December 15, 2020. In a note dated September 02, 2020, UBS downgraded an Sell rating on this stock.

The stock price of Companhia Siderurgica Nacional ADR [SID] has been fluctuating between $1.89 and $4.03 over the past year. Companhia Siderurgica Nacional ADR [NYSE: SID] shares were valued at $2.25 at the most recent close of the market.

Analyzing the SID fundamentals

The Companhia Siderurgica Nacional ADR [NYSE:SID] reported sales of 8.75B for trailing twelve months, representing a drop of -5.96%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.63.

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 2.22 points at the first support level, and at 2.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.28, and for the 2nd resistance point, it is at 2.30.

Ratios To Look Out For

It’s worth pointing out that Companhia Siderurgica Nacional ADR [NYSE:SID]’s Current Ratio is 1.29. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 1.18.

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