Steel Dynamics Inc. (NASDAQ: STLD) is 5.22% higher on its value in year-to-date trading and has touched a low of $95.53 and a high of $151.34 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 STLD stock was last observed hovering at around $124.42 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $124.27, the stock is -0.81% and -4.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -0.12% at the moment leaves the stock 1.29% off its SMA200. STLD registered 19.47% gain for a year compared to 6-month gain of 6.71%.
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The stock witnessed a -2.27% loss in the last 1 month and extending the period to 3 months gives it a -15.62%, and is -4.04% 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 2.26% over the week and 2.63% over the month.
Steel Dynamics Inc. (STLD) has around 12600 employees, a market worth around $19.53B and $18.60B in sales. Current P/E ratio is 8.53 and Fwd P/E is 12.21. Profit margin for the company is 12.89%. Distance from 52-week low is 30.09% and -17.89% from its 52-week high. The company has generated returns on investments over the last 12 months (20.52%).
The EPS is expected to shrink by -23.14% this year.
Steel Dynamics Inc. (STLD) Top Institutional Holders
The shares outstanding are 160.02M, and float is at 146.80M with Short Float at 4.63%.
Steel Dynamics Inc. (STLD) Insider Activity
The most recent transaction is an insider sale by Graham Christopher A,the company’sSenior Vice President. SEC filings show that Graham Christopher A sold 21,000 shares of the company’s common stock on May 15 ’24 at a price of $136.81 per share for a total of $2.87 million. Following the sale, the insider now owns 60415.0 shares.
Steel Dynamics Inc. disclosed in a document filed with the SEC on Feb 06 ’24 that Shaheen Gabriel (Director) sold a total of 2,346 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $120.09 per share for $0.28 million. Following the transaction, the insider now directly holds 81149.0 shares of the STLD stock.
Still, SEC filings show that on Dec 19 ’23, MARCUCCILLI JAMES C (Director) disposed off 25,454 shares at an average price of $122.43 for $3.12 million. The insider now directly holds 59,989 shares of Steel Dynamics Inc. (STLD).
