Looking For A Top Momentum Stock? Check Out Companhia Siderurgica Nacional ADR (NYSE: SID)

Companhia Siderurgica Nacional ADR (NYSE:SID) shares, rose in value on Thursday, April 04, with the stock price down by -0.83% to the previous day’s close as strong demand from buyers drove the stock to $3.01.

Actively observing the price movement in the recent trading, the stock is buoying the session at $3.03. The value of beta (5-year monthly) is 1.77. Referring to stock’s 52-week performance, its high was $4.03, and the low was $2.01. On the whole, SID has fluctuated by -9.21% over the past month.

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The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 4.05%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to increase to $0.11 for fiscal year $0.3 and then to about $0.32 by fiscal year 2025. Data indicates that the EPS growth is expected to be 700.00% in 2025, while the next year’s EPS growth is forecast to be 6.70%.

Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $8.6 billion, representing a decrease of -4.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SID’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SID currently trading nearly -4.66% and -10.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.64, while the 7-day volatility ratio is showing 2.61% which for the 30-day chart, stands at 2.67%. Furthermore, Companhia Siderurgica Nacional ADR (SID)’s beta value is 2.05, and its average true range (ATR) is 0.10.

A comparison of Companhia Siderurgica Nacional ADR (SID) with its peers suggests the former has fared considerably weaker in the market. SID showed an intraday change of -0.83% in today’s session so far, and over the past year, it grew by 9.89%%.

Data on historical trading for Companhia Siderurgica Nacional ADR (NYSE:SID) indicates that the trading volumes over the past 10 days have averaged 3.02 million and over the past 3 months, they’ve averaged 2.69 million. According to company’s latest data on outstanding shares, there are 1.33 billion shares outstanding.

Nearly 0.01% of Companhia Siderurgica Nacional ADR’s shares belong to company insiders and institutional investors own 2.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.79 million shares as on Mar 15, 2024, resulting in a short ratio of 1.04. According to the data, the short interest in Companhia Siderurgica Nacional ADR (SID) stood at 0.21% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.08 million. The stock has fallen by -23.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SID stock heading into the next quarter.