Companhia Siderurgica Nacional (NYSE: SID) is 30.34% higher on its value in year-to-date trading and has touched a low of $2.12 and a high of $5.75 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 $3.48 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $3.48 for the next 12 months. It is also 36.91% off the consensus price target high of $5.50 offered by 11 analysts, but current levels are -15.28% lower than the price target low of $3.01 for the same period.
Currently trading at $3.47, the stock is 14.15% and 23.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing -0.29% at the moment leaves the stock 12.92% off its SMA200. SID registered -23.13% loss for a year compared to 6-month gain of 32.74%.
The stock witnessed a 28.94% loss in the last 1 month and extending the period to 3 months gives it a 32.25%, and is 4.83% 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 2.46% over the week and 3.50% over the month.
Companhia Siderurgica Nacional (SID) has around 35179 employees, a market worth around $4.50B and $8.43B in sales. Current P/E ratio is 9.89 and Fwd P/E is 9.13. Profit margin for the company is 5.60%. Distance from 52-week low is 63.51% and -39.69% from its 52-week high. The company has generated returns on investments over the last 12 months (29.10%).
Companhia Siderurgica Nacional (SID) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Companhia Siderurgica Nacional (SID) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 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 05/03/2023.The EPS is expected to grow by 224.00% this year.
Companhia Siderurgica Nacional (SID) Top Institutional Holders
The shares outstanding are 1.33B, and float is at 654.89M with Short Float at 0.67%.
Companhia Siderurgica Nacional (SID): Who are the competitors?
The company’s main competitors (and peers) include United States Steel Corporation (X) that is trading 45.09% up over the past 12 months and Petroleo Brasileiro S.A. – Petrobras (PBR) that is -3.35% lower over the same period. Nucor Corporation (NUE) is 65.53% up on the 1-year trading charts.