With 1.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.82 million shares. The 52-week range on STLD shows that it touched its highest point at $155.56 and its lowest point at $103.17 during that stretch. It currently has a 1-year price target of $147.00. With its current market cap of 19.43 billion, STLD has annualized dividend of $1.88 while the current yield stands at 1.45%. Beta for the stock currently stands at 1.45.
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 STLD was down-trending over the past week, with a drop of -0.51%, but this was up by 17.60% over a month. Three-month performance surged to 0.52% while six-month performance fell -2.96%. The stock lost -2.24% in the past year, while it has gained 13.64% so far this year. A look at the trailing 12-month EPS for STLD yields 7.57 with Next year EPS estimates of 12.32. For the next quarter, that number is 2.75. This implies an EPS growth rate of 0.41% for this year and 24.71% for next year. EPS is expected to grow by 14.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.49%.
Float and Shares Shorts:
At present, 149.90 million STLD shares are outstanding with a float of 140.32 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 STLD since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 $9.99082 being high and $9.60079 being low. For STLD, this leads to a yearly average estimate of $9.7608.
