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Steel Dynamics Inc. (STLD) down -1.90% since start of the year

Steel Dynamics Inc. (NASDAQ: STLD) is -1.90% lower on its value in year-to-date trading and has touched a low of $62.44 and a high of $136.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STLD stock was last observed hovering at around $97.19 in the last trading session, with the day’s loss setting it -1.35% off its average median price target of $117.50 for the next 12 months. It is also 26.28% off the consensus price target high of $130.00 offered by 15 analysts, but current levels are -43.04% lower than the price target low of $67.00 for the same period.

Currently trading at $95.84, the stock is -3.53% and -8.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing -1.39% at the moment leaves the stock -4.31% off its SMA200. STLD registered 26.25% gain for a year compared to 6-month gain of -4.77%. The firm has a 50-day simple moving average (SMA 50) of $0.90 and a 200-day simple moving average (SMA200) of $3.97.

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The stock witnessed a -12.11% loss in the last 1 month and extending the period to 3 months gives it a -20.43%, and is 0.38% 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 2.79% over the week and 3.17% over the month.

Steel Dynamics Inc. (STLD) has around 12060 employees, a market worth around $16.33B and $21.58B in sales. Current P/E ratio is 5.10 and Fwd P/E is 9.96. Profit margin for the company is 15.70%. Distance from 52-week low is 53.49% and -29.77% from its 52-week high. The company has generated returns on investments over the last 12 months (35.30%).

Steel Dynamics Inc. (STLD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Steel Dynamics Inc. (STLD) is a “Hold”. 15 analysts offering their recommendations for the stock have an average rating of 2.90, where 10 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Steel Dynamics Inc. is expected to release its quarterly report on 07/18/2023.The EPS is expected to grow by 34.50% this year.

Steel Dynamics Inc. (STLD) Top Institutional Holders

The shares outstanding are 171.60M, and float is at 165.28M with Short Float at 3.60%.

Steel Dynamics Inc. (STLD) Insider Activity

A total of 58 insider transactions have happened at Steel Dynamics Inc. (STLD) in the last six months, with sales accounting for 22 and purchases happening 36 times. The most recent transaction is an insider sale by MARCUCCILLI JAMES C,the company’sDirector. SEC filings show that MARCUCCILLI JAMES C sold 2,500 shares of the company’s common stock on Dec 02 at a price of $108.90 per share for a total of $0.27 million. Following the sale, the insider now owns 82965.0 shares.

Steel Dynamics Inc. disclosed in a document filed with the SEC on Oct 25 that BUSSE KEITH E (Director) sold a total of 244 shares of the company’s common stock. The trade occurred on Oct 25 and was made at $95.50 per share for $23303.0. Following the transaction, the insider now directly holds 0.7 million shares of the STLD stock.

Still, SEC filings show that on Oct 24, BUSSE KEITH E (Director) disposed off 22,103 shares at an average price of $96.33 for $2.13 million. The insider now directly holds 701,948 shares of Steel Dynamics Inc. (STLD).

Steel Dynamics Inc. (STLD): Who are the competitors?

The company’s main competitors (and peers) include Nucor Corporation (NUE) that is trading 14.13% up over the past 12 months.

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