SID’s 2023 Market Dance: Up 25.39% – Time to Invest?

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 25.39% this year. Over the last six months, there has been a weaker performance of 22.88%. The price of SID fallen by 57.08% during the last 30 days period. For the last 5-days stocks have improved 32.14%.

Companhia Siderurgica Nacional ADR (SID) has a current stock price of $3.33. During the previous trading session, the stock witnessed a notable rise, reaching a high of $3.34 after opening at $3.21. The stock’s low for the day was $3.19, and it eventually closed at $3.00.

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The market performance of Companhia Siderurgica Nacional ADR has been somewhat stable. Over the past year, the company’s stock achieved a high of $3.70 on 02/01/23, with the lowest value for the same timeframe being $2.11, recorded on 10/20/23.

52-week price history of SID Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Companhia Siderurgica Nacional ADR’s current trading price is -10.00% away from its 52-week high, while its distance from the 52-week low is 57.82%. The stock’s price range for this period has been between $2.11 and $3.70. The Basic Materials sector company’s shares saw a trading volume of about 5.72 million for the day, which was higher than the average daily volume of 1.83 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Companhia Siderurgica Nacional ADR (SID) has experienced a quarterly rise of 35.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.42B and boasts a workforce of 24924 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.51, with a change in price of +0.63. Similarly, Companhia Siderurgica Nacional ADR recorded 2,257,728 in trading volume during the last 100 days, posting a change of +23.33%.

SID’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for SID stands at 2.49. Similarly, the long-term debt-to-equity ratio is also 2.15.

SID Stock Stochastic Average

As of today, the raw stochastic average of Companhia Siderurgica Nacional ADR over the past 50 days is 99.19%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 99.15%. Additionally, the Stochastic %K and %D values for the company were 97.50% and 95.31%, respectively, over the past 20 days.

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