Companhia Siderurgica Nacional ADR (NYSE:SID) shares, rose in value, with the stock price down by -5.81% to the previous day’s close as strong demand from buyers drove the stock to $1.62.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.72. Referring to stock’s 52-week performance, its high was $2.85, and the low was $1.27. On the whole, SID has fluctuated by 10.96% over the past month.
With the market capitalization of Companhia Siderurgica Nacional ADR currently standing at about $2.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.23, with its dividend yield at 14.16%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SID’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Sell.
The stock’s technical analysis shows that the price of SID currently trading nearly 0.19% and 1.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.41, while the 7-day volatility ratio is showing 3.03% which for the 30-day chart, stands at 4.16%. Furthermore, Companhia Siderurgica Nacional ADR (SID)’s beta value is 1.82, and its average true range (ATR) is 0.07.
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 -5.81% in today’s session so far, and over the past year, it shrunk by -41.52%%.
Data on historical trading for Companhia Siderurgica Nacional ADR (NYSE:SID) indicates that the trading volumes over the past 3 months, they’ve averaged 2.20 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 2.48% of the company’s shares. The stock has risen by 12.50% 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.
