The trading price of Nucor Corp. (NYSE:NUE) closed lower on Tuesday, April 23, closing at $174.64, -8.87% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 9.70. In examining the 52-week price action we see that the stock hit a 52-week high of $203.00 and a 52-week low of $129.79. Over the past month, the stock has lost -10.18% in value.
Nucor Corp., whose market valuation is $42.04 billion at the time of this writing. The dividend yield on the company stock is 1.20%, while its Forward Dividend ratio is 2.10. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 3.52 per share this quarter, however they have predicted annual earnings per share of 12.94 for current year and 13.15 for next year.
Analysts have forecast the company to bring in revenue of 8.3B for the current quarter, with the likely lows of 7.92B and highs of 8.61B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 32.22B.
On the technical side, indicators suggest NUE has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NUE’s price is currently -11.08% off the SMA20 and -8.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 23.71, and weekly volatility stands at 2.93%. When measured over the past 30 days, the indicator reaches 2.24%. Nucor Corp. (NYSE:NUE)’s beta value is currently sitting at 1.65, while the Average True Range indicator is currently displaying 5.20.
To see how Nucor Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: NUE stock’s performance was -8.87% in the latest trading, and 13.81% in the past year. Nucor Corp. has a P/E ratio of 9.70.
An evaluation of the daily trading volume of Nucor Corp. (NYSE:NUE) indicates that the 3-month average is 1.41 million.
Currently, records show that 244.90 million of the company’s shares remain outstanding. The insiders hold 0.57% of outstanding shares, whereas institutions hold 80.66%. However, since the stock’s price has seen 0.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
