Steelcase, Inc (NYSE: SCS) is -8.88% lower on its value in year-to-date trading and has touched a low of $11.50 and a high of $14.74 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 SCS stock was last observed hovering at around $12.46 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $12.32, the stock is -6.94% and -5.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -1.12% at the moment leaves the stock -5.41% off its SMA200. SCS registered -2.99% loss for a year compared to 6-month loss of -7.30%. The firm has a 50-day simple moving average (SMA 50) of $13.0088 and a 200-day simple moving average (SMA200) of $13.02505.
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The stock witnessed a -5.88% gain in the last 1 month and extending the period to 3 months gives it a -4.64%, and is -4.79% 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 4.47% over the week and 2.88% over the month.
Steelcase, Inc (SCS) has around 11300 employees, a market worth around $1.40B and $3.15B in sales. Current P/E ratio is 12.91 and Fwd P/E is 10.85. Profit margin for the company is 3.53%. Distance from 52-week low is 7.13% and -16.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.46%).
with sales reaching $823.82M over the same period.The EPS is expected to grow by 8.60% this year, but quarterly earnings will post 1.36% year-over-year. Quarterly sales are estimated to grow 6.27% in year-over-year returns.
329.0 institutions hold shares in Steelcase, Inc (SCS), with institutional investors hold 109.91% of the company’s shares. The shares outstanding are 113.97M, and float is at 84.64M with Short Float at 1.86%. Institutions hold 96.08% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.24 million shares valued at $132.77 million. The investor’s holdings represent 8.924 of the SCS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.26 million shares valued at $106.99 million to account for 7.191 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 7.09 million shares representing 6.1783 and valued at over $91.92 million, while DIMENSIONAL FUND ADVISORS LP holds 4.6143 of the shares totaling 5.3 million with a market value of $68.65 million.
Steelcase, Inc (SCS) Insider Activity
The most recent transaction is an insider sale by Krestakos Robert G, the company’s VP, Chief Operations Officer. SEC filings show that Krestakos Robert G sold 4,000 shares of the company’s common stock on Oct 15 ’24 at a price of $13.11 per share for a total of $52440.0. Following the sale, the insider now owns 0.12 million shares.
Still, SEC filings show that on Jul 24 ’24, Sylvester David C (SVP, Chief Financial Officer) disposed off 73,184 shares at an average price of $13.84 for $1.01 million. The insider now directly holds 551,592 shares of Steelcase, Inc (SCS).
