Investors in cash trouble should check out Companhia Siderurgica Nacional (SID)

Companhia Siderurgica Nacional (NYSE: SID) stock fell -0.36% on Friday to $2.78 against a previous-day closing price of $2.79. With 3.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.58 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $2.8100 whereas the lowest price it dropped to was $2.6950. The 52-week range on SID shows that it touched its highest point at $8.98 and its lowest point at $2.42 during that stretch. It currently has a 1-year price target of $4.45. With its current market cap of 3.66 billion, SID has annualized dividend of $0.42 while the current yield stands at 15.14%. Beta for the stock currently stands at 1.83.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SID was up-trending over the past week, with a rise of 2.21%, but this was down by -1.07% over a month. Three-month performance dropped to -30.50% while six-month performance fell -41.72%. The stock lost -68.39% in the past year, while it has lost -36.77% so far this year. A look at the trailing 12-month EPS for SID yields 1.16 with Next year EPS estimates of 4.30. For the next quarter, that number is 0.62. This implies an EPS growth rate of 224.00% for this year and -17.00% for next year. EPS is expected to grow by 3.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 72.00%.

Float and Shares Shorts:

At present, 1.33 billion SID shares are outstanding with a float of 715.42 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.1 million, which was 0.38% higher than short shares on Jun 14, 2022. In addition to Mr. Benjamin Steinbruch as the firm’s Pres of Exec. Board, Chairman & CEO, Mr. Felipe Steinbruch serves as its Co-Founder – CSN Inova.

Institutional Ownership:

Through their ownership of 3.10% of SID’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.74% of SID, in contrast to 1.24% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SID with 0.45% of the stake, Capital Growth Management LP holds 6,000,000 shares worth 6,000,000. A second-largest stockholder of SID, Dimensional Fund Advisors LP, holds 5,904,114 shares, controlling over 0.45% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SID, holding 5,905,313 shares or 0.45% stake. With a 0.28% stake in SID, the CGM Focus Fund is the largest stakeholder. A total of 3,700,000 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 0.25% of SID stock, is the second-largest Mutual Fund holder. It holds 3,262,202 shares valued at 9.56 million. DFA Emerging Markets Core Equity holds 0.21% of the stake in SID, owning 2,818,413 shares worth 8.26 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, SID reported revenue of $11.77B and operating income of $3.63B. It generated $1.21B net income for the quarter, which came to $8.23B over the last twelve months. The EBITDA in the recently reported quarter was $4.08B and diluted EPS was $0.91. EBITDA for the full year was $19.47B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SID since 11 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SID analysts setting a high price target of $7.12 and a low target of $2.88, the average target price over the next 12 months is $5.03. Based on these targets, SID could surge 156.12% to reach the target high and rise by 3.6% to reach the target low. Reaching the average price target will result in a growth of 80.94% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SID will report FY 2022 earnings on 03/28/2023. Analysts have provided yearly estimates in a range of $1.16 being high and $0.55 being low. For SID, this leads to a yearly average estimate of $0.94. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Companhia Siderurgica Nacional surprised analysts by -$0.30 when it reported $0.17 EPS against a consensus estimate of $0.47. The surprise factor in the prior quarter was -$0.10. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.16.

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