Nucor Corp. (NYSE: NUE) kicked off on Tuesday, down -0.98% from the previous trading day, before settling in for the closing price of $194.01. Over the past 52 weeks, NUE has traded in a range of $129.79-$203.00.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 11.57%. While this was happening, its average annual earnings per share was recorded -25.04%. 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) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. The insider ownership of Nucor Corp. is 0.57%, while institutional ownership is 80.66%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -25.04% 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
Take a look at Nucor Corp.’s (NUE) current performance indicators. Last quarter, stock had a quick ratio of 2.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.33. Likewise, its price to free cash flow for the trailing twelve months is 9.44.
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 13.23 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 0.95 million, which is a drop from its year-to-date volume of 1.38 million. As of the previous 9 days, the stock’s Stochastic %D was 15.92%. Additionally, its Average True Range was 4.26.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 76.97%, which indicates a significant increase from 20.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.46% in the past 14 days, which was lower than the 23.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $190.48, while its 200-day Moving Average is $170.52. However, in the short run, Nucor Corp.’s stock first resistance to watch stands at $193.80. Second resistance stands at $195.50. The third major resistance level sits at $197.73. If the price goes on to break the first support level at $189.87, it is likely to go to the next support level at $187.64. Should the price break the second support level, the third support level stands at $185.94.
Nucor Corp. (NYSE: NUE) Key Stats
The company with the Market Capitalisation of 46.25 billion has total of 239,980K Shares Outstanding. Its annual sales at the moment are 34,714 M in contrast with the sum of 4,525 M annual income. Company’s last quarter sales were recorded 7,705 M and last quarter income was 785,400 K.
