Steel Dynamics Inc [STLD] stock is trading at $123.27, up 5.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The STLD shares have gain 8.94% over the last week, with a monthly amount drifted -8.88%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Steel Dynamics Inc [NASDAQ: STLD] stock has seen the most recent analyst activity on January 03, 2025, when Exane BNP Paribas upgraded its rating to a Outperform. Previously, UBS downgraded its rating to Neutral on December 12, 2024, and elevated its price target to $149. On December 02, 2024, Goldman initiated with a Neutral rating and assigned a price target of $155 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $155 on October 01, 2024. BMO Capital Markets reiterated its recommendation of a Market Perform and reduced its price target to $127 on September 17, 2024. JP Morgan upgraded its rating to Neutral for this stock on September 09, 2024, and upped its price target to $131. In a note dated September 03, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $129 to $145.
Steel Dynamics Inc [STLD] stock has fluctuated between $104.60 and $155.56 over the past year. Currently, Wall Street analysts expect the stock to reach $145.6 within the next 12 months. Steel Dynamics Inc [NASDAQ: STLD] shares were valued at $123.27 at the most recent close of the market. An investor can expect a potential return of 18.11% based on the average STLD price forecast.
Analyzing the STLD fundamentals
Steel Dynamics Inc [NASDAQ:STLD] reported sales of 17.90B for the trailing twelve months, which represents 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 117.82 points at the first support level, and at 112.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.26, and for the 2nd resistance point, it is at 129.26.
Ratios To Look Out For
For context, Steel Dynamics Inc’s Current Ratio is 2.39. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 2.08 and price to earnings (TTM) ratio is 11.16.
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.
