Let’s start up with the current stock price of Companhia Siderurgica Nacional (SID), which is $5.56 to be very precise. The Stock rose vividly during the last session to $5.595 after opening rate of $5.50 while the lowest price it went was recorded $5.405 before closing at $5.65.
Recently in News on January 17, 2020, CSN Resources S.A. Announces Tender Offer for Any and All of its 2020 Notes. Companhia Siderúrgica Nacional (“CSN”) (NYSE: SID) announced today that its subsidiary, CSN Resources S.A. (“CSN Resources”), has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 6.50% Senior Unsecured Guaranteed Notes due 2020 (the “Notes”) (144A CUSIP / ISIN Nos. 12644VAA6 / US12644VAA61 and Reg S CUSIP / ISIN Nos. L21779AA8/USL21779AA88). You can read further details here
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Companhia Siderurgica Nacional had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.67 on 12/10/20, with the lowest value was $1.02 for the same time period, recorded on 03/23/20.
Companhia Siderurgica Nacional (SID) full year performance was 63.05%
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, Companhia Siderurgica Nacional shares are logging -1.94% during the 52-week period from high price, and 445.10% 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 $1.02 and $5.67.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 4373733 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 Companhia Siderurgica Nacional (SID) recorded performance in the market was 61.16%, having the revenues showcasing 80.52% 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 7.88B, as it employees total of 38304 workers.
Analysts verdict on Companhia Siderurgica Nacional (SID)
During the last month, 2 analysts gave the Companhia Siderurgica Nacional a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 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 3.29, with a change in the price was noted +3.29. In a similar fashion, Companhia Siderurgica Nacional posted a movement of +144.93% for the period of last 100 days, recording 2,041,743 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 SID is recording 7.34 at the time of this writing. In addition, long term Debt to Equity ratio is set at 6.60.
Companhia Siderurgica Nacional (SID): Technical Analysis
Raw Stochastic average of Companhia Siderurgica Nacional in the period of last 50 days is set at 96.10%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.93%. In the last 20 days, the company’s Stochastic %K was 91.56% and its Stochastic %D was recorded 91.58%.
Let’s take a glance in the erstwhile performances of Companhia Siderurgica Nacional, multiple 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 61.16%. Additionally, trading for the stock in the period of the last six months notably improved by 171.22%, alongside a boost of 63.05% for the period of the last 12 months. The shares increased approximately by 10.32% in the 7-day charts and went down by 50.68% in the period of the last 30 days. Common stock shares were driven by 80.52% during last recorded quarter.