Companhia Siderurgica Nacional (NYSE:SID) has a beta of 1.99, a 12-month trailing P/E ratio of 5.40, and a growth ratio of 1.42. The stock’s Relative Strength Index (RSI) is 39.18, with weekly volatility at 3.58% and ATR at 0.34. The SID stock’s 52-week price range has touched low of $1.88 and a $10.33 high. Its shares traded higher over the last trading session, gaining 1.88% on 06/18/21. The shares fell to a low of $8.01 before closing at $8.12. Intraday shares traded counted 3.98 million, which was 7.72% higher than its 30-day average trading volume of 4.31M. SID’s previous close was $7.97 while the outstanding shares total 1.38B.
Investors have identified the Steel company Companhia Siderurgica Nacional as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.17 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Companhia Siderurgica Nacional (SID) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SID, the company has in raw cash 2.55 billion on their books with 662.08 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 5.45 billion total, with 3.03 billion as their total liabilities.
SID were able to record 564.08 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 725.35 million. In cash movements, the company had a total of 632.35 million as operating cash flow.
Potential earnings growth for Companhia Siderurgica Nacional (SID)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Companhia Siderurgica Nacional recorded a total of 2.18 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 44.72% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 15.35%.
Having a look at the company’s valuation, the company is expected to record 1.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SID sounds very interesting.
Is the stock of SID attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 54.50%.
8 out of 8 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Companhia Siderurgica Nacional. 0 analysts has assigned a Sell rating on the SID stock. The 12-month mean consensus price target for the company’s shares has been set at $7.67.