Olympic Steel Inc. (NASDAQ: ZEUS) is -39.88% lower on its value in year-to-date trading and has touched a low of $39.08 and a high of $73.49 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 ZEUS stock was last observed hovering at around $40.28 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $40.10, the stock is -2.44% and -9.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -0.45% at the moment leaves the stock -30.26% off its SMA200. ZEUS registered -23.94% loss for a year compared to 6-month loss of -40.50%.
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The stock witnessed a -15.44% gain in the last 1 month and extending the period to 3 months gives it a -23.09%, and is -3.65% 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 3.51% over the week and 3.80% over the month.
Olympic Steel Inc. (ZEUS) has around 2168 employees, a market worth around $446.31M and $2.07B in sales. Current P/E ratio is 12.95 and Fwd P/E is 15.48. Profit margin for the company is 1.74%. Distance from 52-week low is 2.60% and -45.43% from its 52-week high. The company has generated returns on investments over the last 12 months (4.45%).
The EPS is expected to shrink by -45.71% this year.
Olympic Steel Inc. (ZEUS) Top Institutional Holders
225.0 institutions hold shares in Olympic Steel Inc. (ZEUS), with institutional investors hold 100.67% of the company’s shares. The shares outstanding are 11.13M, and float is at 9.79M with Short Float at 2.76%. Institutions hold 88.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.15 million shares valued at $96.26 million. The investor’s holdings represent 18.4114% of the ZEUS Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 0.9 million shares valued at $$40.4 million to account for 7.727 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 0.75 million shares representing 6.4659% and valued at over $33.81 million, while VANGUARD GROUP INC holds 6.2185 of the shares totaling 0.73 million with a market value of $32.51 million.
Olympic Steel Inc. (ZEUS) Insider Activity
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