Worthington Steel Inc (NYSE: WS) is 59.04% higher on its value in year-to-date trading and has touched a low of $21.00 and a high of $47.19 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 WS stock was last observed hovering at around $44.06 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $44.69, the stock is 3.36% and 16.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 1.43% at the moment leaves the stock 29.99% off its SMA200. WS registered a gain of 35.42% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $38.0596 and a 200-day simple moving average (SMA200) of $34.30285.
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The stock witnessed a 12.77% loss in the last 1 month and extending the period to 3 months gives it a 27.65%, and is 1.68% up 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 2.54% over the week and 3.51% over the month.
Worthington Steel Inc (WS) has around 4600 employees, a market worth around $2.27B and $3.36B in sales. Current P/E ratio is 17.70 and Fwd P/E is 12.77. Profit margin for the company is 3.71%. Distance from 52-week low is 112.81% and -5.30% from its 52-week high. The company has generated returns on investments over the last 12 months (11.59%).
The EPS is expected to shrink by -12.28% this year
The shares outstanding are 49.33M, and float is at 32.55M with Short Float at 1.14%.
Worthington Steel Inc (WS) Insider Activity
The most recent transaction is an insider sale by NELSON CARL A JR, the company’s Director. SEC filings show that NELSON CARL A JR sold 12,000 shares of the company’s common stock on Apr 26 ’24 at a price of $30.89 per share for a total of $0.37 million. Following the sale, the insider now owns 85583.0 shares.
Worthington Steel Inc disclosed in a document filed with the SEC on Jan 12 ’24 that Chiappone Charles M (Director) bought a total of 1,850 shares of the company’s common stock. The trade occurred on Jan 12 ’24 and was made at $28.08 per share for $51954.0. Following the transaction, the insider now directly holds 7033.0 shares of the WS stock.
