Why is TimkenSteel Corporation (TMST) up 227.58% from the day 1 this year? – Invest Chronicle
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Why is TimkenSteel Corporation (TMST) up 227.58% from the day 1 this year?

At the end of the latest market close, TimkenSteel Corporation (TMST) was valued at $11.81. In that particular session, Stock kicked-off at the price of $11.82 while reaching the peak value of $11.87 and lowest value recorded on the day was $10.73. The stock current value is $10.81.

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Recently in News on March 15, 2021, TimkenSteel to Increase Prices on Special Bar Quality Products. TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on special bar quality (SBQ) products 3.500″ and below by $55 per ton and $40 per ton for sizes above 3.500″. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning May 3, 2021. All surcharge mechanisms remain in effect. You can read further details here

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TimkenSteel Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.85 on 04/06/21, with the lowest value was $4.66 for the same time period, recorded on 01/04/21.

TimkenSteel Corporation (TMST) full year performance was 227.58%

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, TimkenSteel Corporation shares are logging -15.88% during the 52-week period from high price, and 400.46% 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 $2.16 and $12.85.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1264041 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the TimkenSteel Corporation (TMST) recorded performance in the market was 131.48%, having the revenues showcasing 93.73% 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 461.05M, as it employees total of 2000 workers.

Market experts do have their say about TimkenSteel Corporation (TMST)

During the last month, 0 analysts gave the TimkenSteel Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 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 7.02, with a change in the price was noted +6.23. In a similar fashion, TimkenSteel Corporation posted a movement of +136.03% for the period of last 100 days, recording 1,177,600 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 TMST is recording 0.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.08.

Technical breakdown of TimkenSteel Corporation (TMST)

Raw Stochastic average of TimkenSteel Corporation in the period of last 50 days is set at 74.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 42.21%. In the last 20 days, the company’s Stochastic %K was 62.04% and its Stochastic %D was recorded 62.61%.

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Bearing in mind the latest performance of TimkenSteel Corporation, 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 131.48%. Additionally, trading for the stock in the period of the last six months notably improved by 177.89%, alongside a boost of 227.58% for the period of the last 12 months. The shares increased approximately by -7.69% in the 7-day charts and went up by -9.84% in the period of the last 30 days. Common stock shares were driven by 93.73% during last recorded quarter.

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