Companhia Siderurgica Nacional ADR (NYSE:SID) traded at $3.06 at last check on Monday, April 08, made an upward move of 3.91% on its previous day’s price.
Looking at the stock we see that its previous close was $2.94 and the beta (5Y monthly) reads 1.77. In terms of its 52-week price range, SID has a high of $4.03 and a low of $2.01. The company’s stock has lost about -3.93% over that past 30 days.
Companhia Siderurgica Nacional ADR has a market cap of $4.05 billion. With its Forward Dividend at 0.12 and a yield of 3.98%, the company’s investors could be anxious for the SID stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.09, with the EPS growth for the year raised at $0.3 for 2024 and $0.32 for next year. These figures represent 700.00% and 6.70% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $8.63 billion, or -3.90% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SID stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -2.11% off its SMA20 and -8.89% from its 50-day simple moving average. The RSI (14) is pointing at 42.78 while the volatility over the past week is 2.95% and jumps to 2.75% over the past one month. The beta value is 2.06, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Companhia Siderurgica Nacional ADR (NYSE:SID), we note that the average 3-month trading volume was 2.76 million, while that of the preceding 10-day period stands at 3.05 million. Current shares outstanding are 1.33 billion.
The insiders hold 0.01% of the company’s shares while institutions hold 2.96%. The data shows that short shares as of Mar 15, 2024, stood at 2.79 million at a short ratio of 1.04. This represents a 0.21% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 3.08 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -22.26% down in year-to-date price movement.
