Steelcase, Inc. [SCS] stock is trading at $12.60, down -3.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SCS shares have lost -0.16% over the last week, with a monthly amount drifted -5.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, The Benchmark Company downgraded its rating to Hold on November 30, 2022. On October 04, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $11 on the stock. Sidoti downgraded its rating to a Neutral but stick to its price target of $12 on September 15, 2022. Berenberg initiated its recommendation with a Buy and recommended $17 as its price target on May 11, 2021. The Benchmark Company upgraded its rating to Buy for this stock on May 07, 2021, but kept the price target unchanged to $17. In a note dated September 15, 2020, Sidoti upgraded an Buy rating on this stock.
Steelcase, Inc. [SCS] stock has fluctuated between $10.29 and $14.74 over the past year. Steelcase, Inc. [NYSE: SCS] shares were valued at $12.60 at the most recent close of the market.
Analyzing the SCS fundamentals
Steelcase, Inc. [NYSE:SCS] reported sales of 3.14B for the trailing twelve months, which represents a growth of 0.14%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 12.42 points at the first support level, and at 12.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.84, and for the 2nd resistance point, it is at 13.09.
Ratios To Look Out For
For context, Steelcase, Inc.’s Current Ratio is 1.62. In addition, the Quick Ratio stands at 1.23 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 11.98.
Transactions by insiders
Recent insider trading involved Sylvester David C, SVP, Chief Financial Officer, that happened on Jul 24 ’24 when 73184.0 shares were sold. SVP, Chief Financial Officer, Sylvester David C completed a deal on Jul 25 ’24 to sell 1816.0 shares. Meanwhile, VP, Corp Controller and CAO McGrath Nicole Cherie sold 15749.0 shares on Jul 23 ’24.
