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

Companhia Siderurgica Nacional ADR (NYSE: SID) is -21.12% 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 $3.13 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $3.10, the stock is -3.06% and -8.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing -0.96% at the moment leaves the stock 7.49% off its SMA200. SID registered 16.89% gain for a year compared to 6-month gain of 37.67%. The firm has a 50-day simple moving average (SMA 50) of $0.22 and a 200-day simple moving average (SMA200) of $1.38.

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The stock witnessed a -8.01% loss in the last 1 month and extending the period to 3 months gives it a -22.31%, and is -1.27% down 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 2.43% over the week and 2.60% over the month.

Fwd P/E is 8.22. Profit margin for the company is -0.62%. Distance from 52-week low is 53.98% and -23.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.49%).

Companhia Siderurgica Nacional ADR quarterly earnings per share for the current quarter are estimated at $0.1.The EPS is expected to grow by 68.34% this year, but quarterly earnings will post -5.90% year-over-year.

Companhia Siderurgica Nacional ADR (SID) Top Institutional Holders

123 institutions hold shares in Companhia Siderurgica Nacional ADR (SID), with institutional investors hold 3.01% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 0.21%. Institutions hold 3.01% of the Float.

The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 5.67 million shares valued at $14.68 million. The investor’s holdings represent 0.43% of the SID Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.19 million shares valued at $13.44 million to account for 0.39% of the shares outstanding. The other top investors are Citadel Advisors Llc which holds 3.55 million shares representing 0.27% and valued at over $9.2 million, while Blackrock Inc. holds 0.26% of the shares totaling 3.47 million with a market value of $8.98 million.

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