Steel Dynamics Inc. [NASDAQ: STLD] gained 4.00% or 5.19 points to close at $135.05 with a heavy trading volume of 2783707 shares.
The daily chart for STLD points out that the company has recorded -0.75% loss over the past six months.
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If we look at the average trading volume of 1.31M shares, STLD reached to a volume of 2783707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $137.30 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 2.67. 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.
BofA Securities have made an estimate for Steel Dynamics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 01, 2024. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $135 to $127. The new note on the price target was released on September 17, 2024, representing the official price target for Steel Dynamics Inc. stock. Previously, the target price had yet another raise from $120 to $131, while JP Morgan kept a Neutral rating on STLD stock. On September 03, 2024, analysts increased their price target for STLD shares from 129 to 145.
The Average True Range (ATR) for Steel Dynamics Inc. is set at 3.53, with the Price to Sales ratio for STLD stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 10.76. Price to Free Cash Flow for STLD in the course of the last twelve months was 48.18 with Quick ratio for the last quarter at 1.26.
Trading performance analysis for STLD stock
Steel Dynamics Inc. [STLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.13. With this latest performance, STLD shares gained by 17.31% in over the last four-week period, additionally sinking by -0.75% over the last 6 months – not to mention a rise of 26.48% 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 68.72, with the RSI for the last a single of trading hit 72.60, and the three-weeks RSI is set at 64.84 for Steel Dynamics Inc. [STLD]. The present Moving Average for the last 50 days of trading for this stock 120.46, while it was recorded at 130.68 for the last single week of trading, and 127.09 for the last 200 days.
Steel Dynamics Inc. [STLD]: A deeper dive into fundamental analysis
Steel Dynamics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 2.39.
Steel Dynamics Inc. [STLD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Steel Dynamics Inc. posted 2.61/share EPS, while the average EPS was predicted by analysts to be reported at 2.66/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.05. 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 5.00%.
An analysis of Institutional ownership at Steel Dynamics Inc. [STLD]
There are presently around $86.26%, or 92.37%% of STLD stock, in the hands of institutional investors. The top three institutional holders of STLD stocks are: VANGUARD GROUP INC with ownership of 19.23 million shares, which is approximately 12.117%. BLACKROCK INC., holding 12.44 million shares of the stock with an approximate value of $$1.61 billion in STLD stocks shares; and BLACKROCK INC., currently with $$942.92 million in STLD stock with ownership which is approximately 4.5729%.
