Companhia Siderurgica Nacional ADR (SID) Looks Ready for Growth Despite -40.71% Change This Year

Companhia Siderurgica Nacional ADR (NYSE: SID) is -40.71% lower on its value in year-to-date trading and has touched a low of $1.89 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 $2.37 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $2.33, the stock is 4.70% and 7.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -1.69% at the moment leaves the stock -16.74% off its SMA200. SID registered 10.00% gain for a year compared to 6-month loss of -20.75%. The firm has a 50-day simple moving average (SMA 50) of $2.1692 and a 200-day simple moving average (SMA200) of $2.7914.

The stock witnessed a 12.02% gain in the last 1 month and extending the period to 3 months gives it a -2.10%, and is -5.28% 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 2.88% over the week and 3.32% over the month.

Fwd P/E is 8.77. Profit margin for the company is -1.55%. Distance from 52-week low is 23.28% and -42.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.33%).

The EPS is expected to grow by 24.06% this year, but quarterly earnings will post -11.10% year-over-year.

Companhia Siderurgica Nacional ADR (SID) Top Institutional Holders

The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 0.56%.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.92 million shares valued at $11.31 million. The investor’s holdings represent 0.3707% of the SID Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 4.47 million shares valued at $10.3 million to account for 0.3374 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 1.93 million shares representing 0.1454% and valued at over $4.44 million, while AMERICAN CENTURY COMPANIES INC holds 0.1393 of the shares totaling 1.85 million with a market value of $4.25 million.