For the readers interested in the stock health of TimkenSteel Corporation (TMST). It is currently valued at $14.75. When the transactions were called off in the previous session, Stock hit the highs of $15.50, after setting-off with the price of $13.50. Company’s stock value dipped to $13.4536 during the trading on the day. When the trading was stopped its value was $13.04.
Recently in News on April 26, 2021, TimkenSteel Enters into an Agreement to Sell TimkenSteel (Shanghai) Corporation Limited to Daido Steel. TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, announced it has signed a purchase agreement with Daido Steel (Shanghai) Co., Ltd. (“Daido”) with the intent to sell its TimkenSteel (Shanghai) Corporation Limited (“TSS”) subsidiary in China for approximately $7 million in cash. You can read further details here
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 $15.50 on 05/10/21, with the lowest value was $4.66 for the same time period, recorded on 01/04/21.
TimkenSteel Corporation (TMST) full year performance was 372.76%
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 8.54% during the 52-week period from high price, and 483.03% 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 $2.53 and $13.59.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 2990085 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 TimkenSteel Corporation (TMST) recorded performance in the market was 215.85%, having the revenues showcasing 167.70% 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 651.95M, as it employees total of 2000 workers.
TimkenSteel Corporation (TMST) in the eye of market guru’s
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 8.38, with a change in the price was noted +9.92. In a similar fashion, TimkenSteel Corporation posted a movement of +205.38% for the period of last 100 days, recording 1,289,451 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 0.17 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.09.
TimkenSteel Corporation (TMST): Stocks Technical analysis and Trends
Raw Stochastic average of TimkenSteel Corporation in the period of last 50 days is set at 89.61%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 84.94%. In the last 20 days, the company’s Stochastic %K was 78.69% and its Stochastic %D was recorded 78.24%.
If we look into the earlier routines of TimkenSteel Corporation, 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 215.85%. Additionally, trading for the stock in the period of the last six months notably improved by 243.02%, alongside a boost of 372.76% for the period of the last 12 months. The shares increased approximately by 15.78% in the 7-day charts and went down by 23.85% in the period of the last 30 days. Common stock shares were driven by 167.70% during last recorded quarter.