Companhia Siderurgica Nacional ADR (NYSE: SID) stock jumped 11.00% on Monday to $3.33 against a previous-day closing price of $3.00. With 5.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.83 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $3.3400 whereas the lowest price it dropped to was $3.1900. The 52-week range on SID shows that it touched its highest point at $3.70 and its lowest point at $2.11 during that stretch. It currently has a 1-year price target of $2.96. With its current market cap of 4.42 billion, SID has annualized dividend of $0.50 while the current yield stands at 14.89%. Beta for the stock currently stands at 1.95.

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 32.14%, but this was up by 57.08% over a month. Three-month performance surged to 35.37% while six-month performance rose 22.88%. The stock gained 26.77% in the past year, while it has gained 25.39% so far this year. A look at the trailing 12-month EPS for SID yields -0.13 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.02. This implies an EPS growth rate of -56.88% for this year and 239.68% 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 148.36%.

Float and Shares Shorts:

At present, 1.33 billion SID shares are outstanding with a float of 1.33 billion shares on hand for trading. On Oct 30, 2023, short shares totaled 2.79 million, which was 0.21% higher than short shares on Sep 28, 2023. In addition to SGD as the firm’s Safe and Green Development Corp, SID serves as its Companhia Siderurgica Nacional .

Institutional Ownership:

Through their ownership of 2.59% of SID’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.32% of SID, in contrast to 1.16% held by mutual funds. As the largest shareholder in SID with 0.40% of the stake, Dimensional Fund Advisors LP holds 5,311,731 shares worth 5,311,731. A second-largest stockholder of SID, The Vanguard Group, Inc., holds 4,848,111 shares, controlling over 0.37% of the firm’s shares. Merrill Lynch International is the third largest shareholder in SID, holding 1,815,013 shares or 0.14% 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 5.9 million. Vanguard Total International Stoc holds 0.12% of the stake in SID, owning 1,588,434 shares worth 3.67 million.

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 $4.29 and a low target of $2.26, the average target price over the next 12 months is $2.96. Based on these targets, SID could surge 28.83% to reach the target high and fall by -32.13% to reach the target low. Reaching the average price target will result in a decline of -11.11% from current levels.

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