Worthington Steel Inc (NYSE: WS) is 2.79% higher on its value in year-to-date trading and has touched a low of $21.30 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 $26.26 in the last trading session, with the day’s gains setting it 194.3%.
Currently trading at $220.56K, the stock is 22.40% and 22.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1024337% at the moment leaves the stock 1.05% off its SMA200. WS registered -0.57% loss for a year compared to 6-month loss of -7.21%. The firm has a 50-day simple moving average (SMA 50) of $25.8936 and a 200-day simple moving average (SMA200) of $31.31015.
The stock witnessed a 20.49% gain in the last 1 month and extending the period to 3 months gives it a 20.99%, and is 25.46% 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 5.05% over the week and 4.00% over the month.
Worthington Steel Inc (WS) has around 4600 employees, a market worth around $1.61B and $3.09B in sales. Current P/E ratio is 14.30 and Fwd P/E is 9.68. Profit margin for the company is 3.58%. Distance from 52-week low is 48.54% and -32.95% from its 52-week high. The company has generated returns on investments over the last 12 months (9.67%).
The EPS is expected to grow by 18.98% this year
308.0 institutions hold shares in Worthington Steel Inc (WS), with institutional investors hold 79.04% of the company’s shares. The shares outstanding are 49.55M, and float is at 32.50M with Short Float at 2.13%. Institutions hold 50.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.93 million shares valued at $164.63 million. The investor’s holdings represent 10.0035 of the WS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.08 million shares valued at $136.24 million to account for 8.2783 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.39 million shares representing 4.8518 and valued at over $79.84 million, while STATE STREET CORP holds 3.0883 of the shares totaling 1.52 million with a market value of $50.82 million.
