Steel Dynamics Inc (NASDAQ: STLD) is 20.15% higher on its value in year-to-date trading and has touched a low of $104.60 and a high of $155.56 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 $144.35 in the last trading session, with the day’s loss setting it -2.45%.
Currently trading at $141.90, the stock is 3.30% and 10.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -1.70% at the moment leaves the stock 9.82% off its SMA200. STLD registered 32.07% gain for a year compared to 6-month loss of 3.63%. The firm has a 50-day simple moving average (SMA 50) of $127.8822 and a 200-day simple moving average (SMA200) of $129.2071.
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The stock witnessed a 10.46% gain in the last 1 month and extending the period to 3 months gives it a 20.20%, and is -8.05% 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 2.95% over the week and 2.93% over the month.
Steel Dynamics Inc (STLD) has around 12600 employees, a market worth around $21.60B and $17.90B in sales. Current P/E ratio is 12.84 and Fwd P/E is 14.33. Profit margin for the company is 9.80%. Distance from 52-week low is 35.66% and -8.78% from its 52-week high. The company has generated returns on investments over the last 12 months (14.76%).
The EPS is expected to shrink by -31.16% this year
1160.0 institutions hold shares in Steel Dynamics Inc (STLD), with institutional investors hold 90.73% of the company’s shares. The shares outstanding are 160.02M, and float is at 144.70M with Short Float at 2.39%. Institutions hold 84.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.23 million shares valued at $2.49 billion. The investor’s holdings represent 12.117 of the STLD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.44 million shares valued at $1.61 billion to account for 7.8431 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.26 million shares representing 4.5729 and valued at over $942.92 million, while FMR LLC holds 3.62 of the shares totaling 5.74 million with a market value of $743.81 million.
Steel Dynamics Inc (STLD) Insider Activity
The most recent transaction is an insider sale by Alvarez Miguel, the company’s Senior Vice President. SEC filings show that Alvarez Miguel sold 6,650 shares of the company’s common stock on Nov 13 ’24 at a price of $143.00 per share for a total of $0.95 million. Following the sale, the insider now owns 0.12 million shares.
Still, SEC filings show that on Oct 28 ’24, Bickford Chad (Vice President) disposed off 2,000 shares at an average price of $134.86 for $0.27 million. The insider now directly holds 17,100 shares of Steel Dynamics Inc (STLD).
