Companhia Siderurgica Nacional ADR (SID) is gearing up for another turning point as it hit the volume of 2.47

Companhia Siderurgica Nacional ADR (NYSE: SID) kicked off on Friday, up 3.56% from the previous trading day, before settling in for the closing price of $3.59. Over the past 52 weeks, SID has traded in a range of $2.01-$4.03.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 10.53%. While this was happening, its average annual earnings per share was recorded -6.40%. With a float of $1.33 billion, this company’s outstanding shares have now reached $1.33 billion.

Let’s determine the extent of company efficiency that accounts for Nov 22 2023 employees.

Companhia Siderurgica Nacional ADR (SID) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. The insider ownership of Companhia Siderurgica Nacional ADR is 0.01%, while institutional ownership is 2.48%.

Companhia Siderurgica Nacional ADR (SID) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.02 earnings per share (EPS), lower than consensus estimate (set at $0.01) by -$0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -6.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.91% during the next five years compared to 148.36% growth over the previous five years of trading.

Companhia Siderurgica Nacional ADR (NYSE: SID) Trading Performance Indicators

Take a look at Companhia Siderurgica Nacional ADR’s (SID) current performance indicators. Last quarter, stock had a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.38 in one year’s time.

Technical Analysis of Companhia Siderurgica Nacional ADR (SID)

Looking closely at Companhia Siderurgica Nacional ADR (NYSE: SID), its last 5-days average volume was 3.19 million, which is a jump from its year-to-date volume of 2.58 million. As of the previous 9 days, the stock’s Stochastic %D was 69.50%. Additionally, its Average True Range was 0.12.

During the past 100 days, Companhia Siderurgica Nacional ADR’s (SID) raw stochastic average was set at 75.52%, which indicates a significant increase from 54.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.73% in the past 14 days, which was lower than the 42.30% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.61, while its 200-day Moving Average is $2.84. However, in the short run, Companhia Siderurgica Nacional ADR’s stock first resistance to watch stands at $3.62. Second resistance stands at $3.67. The third major resistance level sits at $3.75. If the price goes on to break the first support level at $3.49, it is likely to go to the next support level at $3.41. Should the price break the second support level, the third support level stands at $3.36.

Companhia Siderurgica Nacional ADR (NYSE: SID) Key Stats

The company with the Market Capitalisation of 4.72 billion has total of 1,387,520K Shares Outstanding. Its annual sales at the moment are 8,593 M in contrast with the sum of 301,020 K annual income. Company’s last quarter sales were recorded 2,278 M and last quarter income was 18,590 K.