For the readers interested in the stock health of Steel Dynamics Inc. (STLD). It is currently valued at $39.61. When the transactions were called off in the previous session, Stock hit the highs of $40.22, after setting-off with the price of $38.45. Company’s stock value dipped to $38.318 during the trading on the day. When the trading was stopped its value was $38.78.
Recently in News on November 19, 2020, Steel Dynamics Announces Fourth Quarter 2020 Cash Dividend. Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2020 and is payable on or about January 15, 2021. You can read further details here
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Steel Dynamics Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $40.22 on 12/10/20, with the lowest value was $14.98 for the same time period, recorded on 03/18/20.
Steel Dynamics Inc. (STLD) full year performance was 14.02%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Steel Dynamics Inc. shares are logging -0.20% during the 52-week period from high price, and 164.42% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $14.98 and $39.69.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 3965203 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Steel Dynamics Inc. (STLD) recorded performance in the market was 16.36%, having the revenues showcasing 35.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 8.07B, as it employees total of 8385 workers.
Market experts do have their say about Steel Dynamics Inc. (STLD)
During the last month, 6 analysts gave the Steel Dynamics Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 31.74, with a change in the price was noted +12.56. In a similar fashion, Steel Dynamics Inc. posted a movement of +46.41% for the period of last 100 days, recording 1,765,068 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for STLD is recording 0.65 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.63.
Technical breakdown of Steel Dynamics Inc. (STLD)
Raw Stochastic average of Steel Dynamics Inc. in the period of last 50 days is set at 94.88%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.96%. In the last 20 days, the company’s Stochastic %K was 89.46% and its Stochastic %D was recorded 89.99%.
Bearing in mind the latest performance of Steel Dynamics Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 16.36%. Additionally, trading for the stock in the period of the last six months notably improved by 49.92%, alongside a boost of 14.02% for the period of the last 12 months. The shares increased approximately by 5.32% in the 7-day charts and went down by 16.81% in the period of the last 30 days. Common stock shares were driven by 35.05% during last recorded quarter.