Are we looking at the next big move in Companhia Siderurgica Nacional ADR (SID)?

Companhia Siderurgica Nacional ADR (NYSE: SID) is -9.41% lower on its value in year-to-date trading and has touched a low of $2.01 and a high of $4.03 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 SID stock was last observed hovering at around $2.48M in the last trading session, with the day’s gains setting it 1.09%.

Currently trading at $3.57, the stock is -144.30% and 9.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.47 and changing 3.56% at the moment leaves the stock Nov 13 AMC off its SMA200. SID registered 16.55% gain for a year compared to 6-month gain of 47.47%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of $1.45.

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The stock witnessed a -1.66% loss in the last 1 month and extending the period to 3 months gives it a 46.89%, and is 4.09% 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 3.18% over the week and 2.48% over the month.

Companhia Siderurgica Nacional ADR (SID) has around Nov 22 2023 employees, a market worth around $4.72B and $8.80B in sales. Fwd P/E is 9.26. Profit margin for the company is -1.93%. Distance from 52-week low is 76.83% and -11.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.52%).

Companhia Siderurgica Nacional ADR quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $2.29B over the same period.The EPS is expected to shrink by -6.40% this year, but quarterly earnings will post 1.00% year-over-year. Quarterly sales are estimated to grow 2.10% in year-over-year returns.

Companhia Siderurgica Nacional ADR (SID) Top Institutional Holders

120 institutions hold shares in Companhia Siderurgica Nacional ADR (SID), with institutional investors hold 2.64% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 0.19%. Institutions hold 2.64% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 5.31 million shares valued at $18.92 million. The investor’s holdings represent 0.40% of the SID Shares outstanding. As of Dec 30, 2023, the second largest holder is Dimensional Fund Advisors LP with 5.18 million shares valued at $18.44 million to account for 0.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 3.4 million shares representing 0.26% and valued at over $12.09 million, while Bank of America Corporation holds 0.20% of the shares totaling 2.66 million with a market value of $9.46 million.

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

The company’s main competitors (and peers) include United States Steel Corp. (X) that is trading 63.92% up over the past 12 months. Petroleo Brasileiro S/A ADR (PBR) that is 46.92% higher over the same period.