Steelcase, Inc (NYSE: SCS) is -4.40% lower on its value in year-to-date trading and has touched a low of $10.30 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 $10.60 in the last trading session, with the day’s gains setting it 0.7%.
Currently trading at $11.30, the stock is 0.96% and -2.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 6.60% at the moment leaves the stock -10.65% off its SMA200. SCS registered -10.03% loss for a year compared to 6-month loss of -13.87%. The firm has a 50-day simple moving average (SMA 50) of $11.5862 and a 200-day simple moving average (SMA200) of $12.6471.
The stock witnessed a -9.02% gain in the last 1 month and extending the period to 3 months gives it a -3.00%, and is 2.82% 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 4.04% over the week and 2.96% over the month.
Steelcase, Inc (SCS) has around 11300 employees, a market worth around $1.29B and $3.17B in sales. Current P/E ratio is 11.12 and Fwd P/E is 9.02. Profit margin for the company is 3.72%. Distance from 52-week low is 9.71% and -23.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
The EPS is expected to shrink by -3.35% this year
333.0 institutions hold shares in Steelcase, Inc (SCS), with institutional investors hold 109.70% of the company’s shares. The shares outstanding are 113.72M, and float is at 84.89M with Short Float at 2.28%. Institutions hold 96.02% 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 5,000 shares of the company’s common stock on Jan 22 ’25 at a price of $11.74 per share for a total of $58700.0. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Oct 15 ’24, Krestakos Robert G (VP, Chief Operations Officer) disposed off 4,000 shares at an average price of $13.11 for $52440.0. The insider now directly holds 119,481 shares of Steelcase, Inc (SCS).
