On Tuesday, Nucor Corp. (NYSE: NUE) opened lower -0.50% from the last session ,before settling in for the closing price of $200.88. Price fluctuations for NUE have ranged from $129.79 to $202.89 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 11.57%. Company’s average yearly earnings per share was noted -25.09% at the time writing. With a float of $239.37 million, this company’s outstanding shares have now reached $244.90 million.
Let’s determine the extent of company efficiency that accounts for 32000 employees.
Nucor Corp. (NUE) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of Nucor Corp. is 0.57%, while institutional ownership is 80.65%. The most recent insider transaction that took place on Mar 22 ’24, was worth 6,459,044. In this transaction Executive Vice President of this company sold 33,068 shares at a rate of $195.33, taking the stock ownership to the 206,078 shares. Before that another transaction happened on Mar 21 ’24, when Company’s Executive Vice President sold 19,506 for $193.41, making the entire transaction worth $3,772,635. This insider now owns 120,738 shares in total.
Nucor Corp. (NUE) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $3.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.9) by $0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.50% during the next five years compared to 19.38% growth over the previous five years of trading.
Nucor Corp. (NYSE: NUE) Trading Performance Indicators
Check out the current performance indicators for Nucor Corp. (NUE). In the past quarter, the stock posted a quick ratio of 2.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 9.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 18.00, a number that is poised to hit 3.67 in the next quarter and is forecasted to reach 13.21 in one year’s time.
Technical Analysis of Nucor Corp. (NUE)
Looking closely at Nucor Corp. (NYSE: NUE), its last 5-days average volume was 0.9 million, which is a drop from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 73.21%. Additionally, its Average True Range was 4.12.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 93.81%, which indicates a significant increase from 76.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.51% in the past 14 days, which was lower than the 23.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $189.39, while its 200-day Moving Average is $169.61. However, in the short run, Nucor Corp.’s stock first resistance to watch stands at $202.88. Second resistance stands at $205.88. The third major resistance level sits at $208.76. If the price goes on to break the first support level at $197.00, it is likely to go to the next support level at $194.12. Now, if the price goes above the second support level, the third support stands at $191.12.
Nucor Corp. (NYSE: NUE) Key Stats
There are currently 239,980K shares outstanding in the company with a market cap of 48.12 billion. Presently, the company’s annual sales total 34,714 M according to its annual income of 4,525 M. Last quarter, the company’s sales amounted to 7,705 M and its income totaled 785,400 K.
