A share price of Steelcase, Inc [SCS] is currently trading at $11.61, up 3.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCS shares have gain 3.66% over the last week, with a monthly amount drifted -10.28%, and not seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $10.90 and $14.74. Steelcase, Inc [NYSE: SCS] shares were valued at $11.61 at the most recent close of the market.
Analyzing the SCS fundamentals
Trailing Twelve Months sales for Steelcase, Inc [NYSE:SCS] were 3.15B which represents 2.19% growth. 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 0.05, Equity is 0.13 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
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 11.42 points at the first support level, and at 11.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.74, and for the 2nd resistance point, it is at 11.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Steelcase, Inc [NYSE:SCS] is 1.57. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 12.16.
Transactions by insiders
Recent insider trading involved Krestakos Robert G, VP, Chief Operations Officer, that happened on Oct 15 ’24 when 4000.0 shares were sold. Officer, ROBERT KRESTAKOS completed a deal on Oct 15 ’24 to buy 4000.0 shares. Meanwhile, SVP, Chief Financial Officer Sylvester David C sold 73184.0 shares on Jul 24 ’24.
