Steel Dynamics Inc [STLD] stock prices are up 2.71% to $144.04 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The STLD shares have gain 1.51% over the last week, with a monthly amount glided 9.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Steel Dynamics Inc [NASDAQ: STLD] stock has seen the most recent analyst activity on October 01, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $155 from $140. Previously, BMO Capital Markets reaffirmed its Market Perform rating on September 17, 2024, and dropped its price target to $127. On September 09, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $131 on the stock. UBS upgraded its rating to a Buy and increased its price target to $145 on September 03, 2024. Jefferies initiated its recommendation with a Hold and recommended $150 as its price target on May 20, 2024. UBS started tracking with a Neutral rating for this stock on January 16, 2024, and assigned it a price target of $120. In a note dated September 25, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $130.
The stock price of Steel Dynamics Inc [STLD] has been fluctuating between $104.60 and $155.56 over the past year. Currently, Wall Street analysts expect the stock to reach $134 within the next 12 months. Steel Dynamics Inc [NASDAQ: STLD] shares were valued at $144.04 at the most recent close of the market. An investor can expect a potential drop of -6.97% based on the average STLD price forecast.
Analyzing the STLD fundamentals
The Steel Dynamics Inc [NASDAQ:STLD] reported sales of 17.90B for trailing twelve months, representing a drop of -5.35%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.19 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 141.88 points at the first support level, and at 139.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.57, and for the 2nd resistance point, it is at 147.11.
Ratios To Look Out For
It’s worth pointing out that Steel Dynamics Inc [NASDAQ:STLD]’s Current Ratio is 2.39. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 13.04.
Transactions by insiders
Recent insider trading involved Poinsatte Richard A, Senior Vice President, that happened on Nov 15 ’24 when 2000.0 shares were sold. Senior Vice President, Poinsatte Richard A completed a deal on Nov 15 ’24 to buy 2000.0 shares. Meanwhile, Senior Vice President Alvarez Miguel sold 6650.0 shares on Nov 13 ’24.
