A new trading day began on Tuesday, with Steelcase, Inc. (NYSE: SCS) stock price down -1.70% from the previous day of trading ,before settling in for the closing price of $12.94. SCS’s price has ranged from $6.39 to $14.54 over the past 52 weeks.
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A company in the Industrials sector has dropped its sales by -0.20% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -2.15%. With a float of $84.73 million, this company’s outstanding shares have now reached $92.57 million.
In an organization with 11900 employees, it is important to assess its efficiency.
Steelcase, Inc. (SCS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Business Equipment & Supplies Industry. The insider ownership of Steelcase, Inc. is 25.82%, while institutional ownership is 72.59%. The most recent insider transaction that took place on Mar 25 ’24, was worth 50,453. In this transaction VP, Chief Operations Officer of this company sold 4,000 shares at a rate of $12.61, taking the stock ownership to the 108,081 shares. Before that another transaction happened on Dec 27 ’23, when Company’s VP, Corp Controller and CAO sold 1,792 for $13.95, making the entire transaction worth $24,998. This insider now owns 33,899 shares in total.
Steelcase, Inc. (SCS) Latest Financial update
In its latest quarterly report, released on 2/28/2024, the company reported earnings of $0.23 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -8.38% drop over the previous five years of trading.
Steelcase, Inc. (NYSE: SCS) Trading Performance Indicators
Here are Steelcase, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46. Likewise, its price to free cash flow for the trailing twelve months is 5.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.68, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 1.07 in one year’s time.
Technical Analysis of Steelcase, Inc. (SCS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.83 million. That was better than the volume of 0.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.07%. Additionally, its Average True Range was 0.37.
During the past 100 days, Steelcase, Inc.’s (SCS) raw stochastic average was set at 40.13%, which indicates a significant decrease from 67.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.61% in the past 14 days, which was lower than the 33.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.88, while its 200-day Moving Average is $11.09. However, in the short run, Steelcase, Inc.’s stock first resistance to watch stands at $12.92. Second resistance stands at $13.11. The third major resistance level sits at $13.21. If the price goes on to break the first support level at $12.62, it is likely to go to the next support level at $12.52. The third support level lies at $12.33 if the price breaches the second support level.
Steelcase, Inc. (NYSE: SCS) Key Stats
With a market capitalization of 1.45 billion, the company has a total of 114,222K Shares Outstanding. Currently, annual sales are 3,160 M while annual income is 81,100 K. The company’s previous quarter sales were 775,200 K while its latest quarter income was 21,300 K.
