A share price of Worthington Steel Inc [WS] is currently trading at $27.87, up 3.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The WS shares have gain 7.65% over the last week, with a monthly amount drifted -3.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on December 04, 2023, and set its price target to $29.
Worthington Steel Inc experienced fluctuations in its stock price throughout the past year between $24.22 and $47.19. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Worthington Steel Inc [NYSE: WS] shares were valued at $27.87 at the most recent close of the market. An investor can expect a potential return of 43.52% based on the average WS price forecast.
Analyzing the WS fundamentals
Trailing Twelve Months sales for Worthington Steel Inc [NYSE:WS] were 3.29B which represents -8.54% decline. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 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 0.19.
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 25.80 points at the first support level, and at 23.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.48, and for the 2nd resistance point, it is at 31.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Worthington Steel Inc [NYSE:WS] is 1.83. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 9.59.
Transactions by insiders
Recent insider trading involved NELSON CARL A JR, Director, that happened on Apr 26 ’24 when 12000.0 shares were sold.
