There is no way Companhia Siderurgica Nacional (SID) can keep these numbers up

Companhia Siderurgica Nacional (NYSE: SID) stock fell -2.64% on Wednesday to $2.58 against a previous-day closing price of $2.65. With 2.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.56 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $2.6300 whereas the lowest price it dropped to was $2.5600. The 52-week range on SID shows that it touched its highest point at $4.64 and its lowest point at $2.12 during that stretch. It currently has a 1-year price target of $3.50. With its current market cap of 3.41 billion, SID has annualized dividend of $0.64 while the current yield stands at 24.69%. Beta for the stock currently stands at 1.77.

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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 down-trending over the past week, with a drop of -4.80%, but this was down by -4.80% over a month. Three-month performance dropped to -24.78% while six-month performance fell -0.32%. The stock lost -37.06% in the past year, while it has lost -2.85% so far this year. A look at the trailing 12-month EPS for SID yields -0.09 with Next year EPS estimates of 0.32. For the next quarter, that number is 0.21. This implies an EPS growth rate of -86.90% for this year and -49.20% 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 174.10%.

Float and Shares Shorts:

At present, 1.33 billion SID shares are outstanding with a float of 662.29 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.91 million, which was 0.14% higher than short shares on Mar 30, 2023. In addition to Mr. Benjamin Steinbruch as the firm’s Pres of Exec. Board, Chairman & CEO, Mr. Marcelo Cunha Ribeiro serves as its Exec. Director of Fin. and Investor Relations & Member of Exec. Board.

Institutional Ownership:

Through their ownership of 2.60% of SID’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.38% of SID, in contrast to 1.07% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SID with 0.44% of the stake, Dimensional Fund Advisors LP holds 5,793,028 shares worth 5,793,028. A second-largest stockholder of SID, The Vanguard Group, Inc., holds 4,689,764 shares, controlling over 0.35% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in SID, holding 2,017,319 shares or 0.15% stake. With a 0.21% stake in SID, the DFA Emerging Markets Core Equity is the largest stakeholder. A total of 2,818,413 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 0.19% of SID stock, is the second-largest Mutual Fund holder. It holds 2,553,679 shares valued at 7.28 million. VanEck Steel ETF holds 0.14% of the stake in SID, owning 1,884,618 shares worth 5.37 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, 2023, SID reported revenue of $10.57B and operating income of $2.15B. The EBITDA in the recently reported quarter was $2.69B and diluted EPS was $0.27.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SID since 0 analysts follow the stock currently. 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 $4.68 and a low target of $2.55, the average target price over the next 12 months is $3.63. Based on these targets, SID could surge 81.4% to reach the target high and fall by -1.16% to reach the target low. Reaching the average price target will result in a growth of 40.7% 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.

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