Thursday, September 24, 2020

Steel Dynamics Inc. [STLD] is -11.60% lower this YTD. Is it still time to buy?

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Steel Dynamics Inc. [NASDAQ: STLD] stock went on an upward path that rose over 2.59% on Monday, amounting to a one-week price decrease of less than -1.86%. The company report on August 21, 2020 that Steel Dynamics Announces Third Quarter 2020 Cash Dividend.

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2020, and is payable on or about October 16, 2020.

About Steel Dynamics, Inc.

Over the last 12 months, STLD stock dropped by -4.84%. The one-year Steel Dynamics Inc. stock forecast points to a potential downside of -7.08. The average equity rating for STLD stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.27 billion, with 210.34 million shares outstanding and 199.51 million shares in the current float. Compared to the average trading volume of 1.65M shares, STLD stock reached a trading volume of 1520551 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Steel Dynamics Inc. [STLD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STLD shares is $28.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STLD stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CFRA have made an estimate for Steel Dynamics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2020. The new note on the price target was released on May 13, 2020, representing the official price target for Steel Dynamics Inc. stock. Previously, the target price had yet another raise to $23, while BofA/Merrill analysts kept a Underperform rating on STLD stock. On March 30, 2020, analysts decreased their price target for STLD shares from 30 to 27.

The Average True Range (ATR) for Steel Dynamics Inc. is set at 0.89, with the Price to Sales ratio for STLD stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 7.51. Price to Free Cash Flow for STLD in the course of the last twelve months was 12.48 with Quick ratio for the last quarter at 2.20.

STLD Stock Performance Analysis:

Steel Dynamics Inc. [STLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.86. With this latest performance, STLD shares dropped by -1.54% in over the last four-week period, additionally plugging by 68.29% over the last 6 months – not to mention a drop of -4.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STLD stock in for the last two-week period is set at 54.75, with the RSI for the last a single of trading hit 54.46, and the three-weeks RSI is set at 55.18 for Steel Dynamics Inc. [STLD]. The present Moving Average for the last 50 days of trading for this stock 28.56, while it was recorded at 29.44 for the last single week of trading, and 27.73 for the last 200 days.

Insight into Steel Dynamics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Steel Dynamics Inc. [STLD] shares currently have an operating margin of +9.44 and a Gross Margin at +13.61. Steel Dynamics Inc.’s Net Margin is presently recorded at +6.41.

Return on Total Capital for STLD is now 15.04, given the latest momentum, and Return on Invested Capital for the company is 10.27. Return on Equity for this stock inclined to 16.75, with Return on Assets sitting at 8.66. When it comes to the capital structure of this company, Steel Dynamics Inc. [STLD] has a Total Debt to Total Equity ratio set at 68.94. Additionally, STLD Total Debt to Total Capital is recorded at 40.81, with Total Debt to Total Assets ending up at 36.24. Long-Term Debt to Equity for the company is recorded at 66.31, with the Long-Term Debt to Total Capital now at 39.25.

Reflecting on the efficiency of the workforce at the company, Steel Dynamics Inc. [STLD] managed to generate an average of $80,036 per employee. Receivables Turnover for the company is 11.09 with a Total Asset Turnover recorded at a value of 1.35.Steel Dynamics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 3.60.

STLD Stock EPS

With the latest financial reports released by the company, Steel Dynamics Inc. posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Steel Dynamics Inc. go to -6.52%.

Steel Dynamics Inc. [STLD] Insider Position Details

There are presently around $5,343 million, or 86.90% of STLD stock, in the hands of institutional investors. The top three institutional holders of STLD stocks are: BLACKROCK INC. with ownership of 23,024,005, which is approximately 5.864% of the company’s market cap and around 5.10% of the total institutional ownership; VANGUARD GROUP INC, holding 19,631,244 shares of the stock with an approximate value of $590.7 million in STLD stocks shares; and STATE STREET CORP, currently with $263.66 million in STLD stock with ownership of nearly 0.202% of the company’s market capitalization.

Positions in Steel Dynamics Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 202 institutional holders increased their position in Steel Dynamics Inc. [NASDAQ:STLD] by around 14,279,312 shares. Additionally, 227 investors decreased positions by around 13,127,924 shares, while 48 investors held positions by with 150,154,236 shares. The mentioned changes placed institutional holdings at 177,561,472 shares, according to the latest SEC report filing. STLD stock had 57 new institutional investments in for a total of 1,856,264 shares, while 60 institutional investors sold positions of 2,368,942 shares during the same period.

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