Steelcase, Inc (NYSE: SCS) is -13.19% lower on its value in year-to-date trading and has touched a low of $9.31 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 $11.22 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $11.25, the stock is 6.42% and 8.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.48 million and changing 0.27% at the moment leaves the stock -3.61% off its SMA200. SCS registered -4.82% loss for a year compared to 6-month loss of -3.85%.
The stock witnessed a 6.94% gain in the last 1 month and extending the period to 3 months gives it a -1.83%, and is 3.31% 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 4.47% over the week and 3.52% over the month.
Steelcase, Inc (SCS) has around 11300 employees, a market worth around $1.29B and $3.22B in sales. Current P/E ratio is 10.90 and Fwd P/E is 8.89. Profit margin for the company is 3.71%. Distance from 52-week low is 20.77% and -23.68% from its 52-week high. The company has generated returns on investments over the last 12 months (7.73%).
The EPS is expected to shrink by -4.46% this year
The shares outstanding are 95.76M, and float is at 85.76M with Short Float at 3.00%.
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 6,000 shares of the company’s common stock on Apr 14 ’25 at a price of $10.13 per share for a total of $60757.0. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Jan 22 ’25, Krestakos Robert G (VP, Chief Operations Officer) disposed off 5,000 shares at an average price of $11.74 for $58700.0. The insider now directly holds 114,481 shares of Steelcase, Inc (SCS).
