Steel Dynamics Inc [STLD] stock prices are down -1.92% to $128.20 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The STLD shares have gain 4.78% over the last week, with a monthly amount glided 12.65%, and 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 24, 2025, when Jefferies upgraded its rating to a Buy and also boosted its price target to $145 from $125. Previously, Exane BNP Paribas upgraded its rating to Outperform on January 03, 2025. On December 12, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $149 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $155 on December 02, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $155 on October 01, 2024. BMO Capital Markets reiterated a Market Perform rating for this stock on September 17, 2024, and downed its price target to $127. In a note dated September 09, 2024, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $120 to $131.
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 $145.6 within the next 12 months. Steel Dynamics Inc [NASDAQ: STLD] shares were valued at $128.20 at the most recent close of the market. An investor can expect a potential return of 13.57% based on the average STLD price forecast.
Analyzing the STLD fundamentals
The Steel Dynamics Inc [NASDAQ:STLD] reported sales of 17.54B for trailing twelve months, representing a drop of -8.53%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.17 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 126.38 points at the first support level, and at 124.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.73, and for the 2nd resistance point, it is at 133.27.
Ratios To Look Out For
It’s worth pointing out that Steel Dynamics Inc [NASDAQ:STLD]’s Current Ratio is 2.53. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 13.09.
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.
