With 1.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. The 52-week range on STEP shows that it touched its highest point at $70.38 and its lowest point at $32.46 during that stretch. It currently has a 1-year price target of $68.57. With its current market cap of 5.90 billion, STEP has annualized dividend of $0.93 while the current yield stands at 1.83%. Beta for the stock currently stands at 1.41.
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 STEP was down-trending over the past week, with a drop of -9.12%, but this was down by -21.06% over a month. Three-month performance dropped to -18.22% while six-month performance fell -3.01%. The stock gained 55.72% in the past year, while it has lost -12.06% so far this year. A look at the trailing 12-month EPS for STEP yields -1.67 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.46. This implies an EPS growth rate of 51.51% for this year and 12.32% for next year. EPS is expected to grow by 25.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.21%.
Float and Shares Shorts:
At present, 75.84 million STEP shares are outstanding with a float of 65.35 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STEP since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.18489 being high and $1.15477 being low. For STEP, this leads to a yearly average estimate of $1.16481. Based on analyst estimates, the high estimate for the next quarter is $0.51 and the low estimate is $0.43. The average estimate for the next quarter is thus $0.48.
