Companhia Siderurgica Nacional (SID) – Don’t Believe the Hype: Check The Facts

102 institutions hold shares in Companhia Siderurgica Nacional (SID), with institutional investors hold 2.71% of the company’s shares. The shares outstanding are 1.38B, and float is at 649.81M with Short Float at 0.49%. Institutions hold 2.71% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 6.92 million shares valued at $41.16 million. The investor’s holdings represent 0.50% of the SID Shares outstanding. As of Dec 30, 2020, the second largest holder is Capital Growth Management L.P. with 4.87 million shares valued at $28.98 million to account for 0.35% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 4.74 million shares representing 0.34% and valued at over $28.2 million, while Morgan Stanley holds 0.25% of the shares totaling 3.52 million with a market value of $20.94 million.

Companhia Siderurgica Nacional (NYSE: SID) is 9.24% higher on its value in year-to-date trading and has touched a low of $1.02 and a high of $7.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SID stock was last observed hovering at around $6.48 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $8.11 for the next 12 months. It is also 34.08% off the consensus price target high of $9.86 offered by 2 analysts, but current levels are -2.2% lower than the price target low of $6.36 for the same period.

Currently trading at $6.50, the stock is 7.11% and 6.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing 0.31% at the moment leaves the stock 81.70% off its SMA200. SID registered 121.09% gain for a year compared to 6-month gain of 149.04%. The firm has a 50-day simple moving average (SMA 50) of $6.31 and a 200-day simple moving average (SMA200) of $4.34.

The stock witnessed a 5.01% loss in the last 1 month and extending the period to 3 months gives it a 78.08%, and is 6.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.69% over the week and 4.66% over the month.

Companhia Siderurgica Nacional (SID) has around 38304 employees, a market worth around $8.76B and $4.94B in sales. Current P/E ratio is 43.92 and Fwd P/E is 15.12. Profit margin for the company is 4.10%. Distance from 52-week low is 537.25% and -10.16% from its 52-week high. The company has generated returns on investments over the last 12 months (11.30%).

Companhia Siderurgica Nacional (SID) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Companhia Siderurgica Nacional (SID) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 3.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Companhia Siderurgica Nacional is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $1.41B over the same period.The EPS is expected to shrink by -64.90% this year, but quarterly earnings will post 5.70% year-over-year. Quarterly sales are estimated to grow 16.50% in year-over-year returns.

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Companhia Siderurgica Nacional (SID): Who are the competitors?

The company’s main competitors (and peers) include United States Steel Corporation (X) that is trading 100.11% up over the past 12 months. Mechel PAO (MTL) is -38.80% down on the 1-year trading charts. Short interest in the company’s stock has fallen -1.26% from the last report on Dec 30, 2020 to stand at a total of 3.21 million short shares sold with a short interest ratio of 0.81.

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