Nucor Corp. (NYSE: NUE) on Monday, soared 0.14% from the previous trading day, before settling in for the closing price of $191.36. Within the past 52 weeks, NUE’s price has moved between $129.79 and $203.00.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Basic Materials Sector giant saw their annual sales surged by 11.57% over the last five years. The company achieved an average annual earnings per share of -24.82%. With a float of $239.37 million, this company’s outstanding shares have now reached $244.90 million.
The firm has a total of 32000 workers. Let’s measure their productivity.
Nucor Corp. (NUE) Insider Activity
Observing investor behavior towards Steel industry stocks is more important than anything else. 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 -24.82% 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
Nucor Corp. (NUE) is currently performing well based on its current performance indicators. A quick ratio of 2.35 was reported for the most recent quarter. 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 9.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 18.00, a number that is poised to hit 3.64 in the next quarter and is forecasted to reach 13.25 in one year’s time.
Technical Analysis of Nucor Corp. (NUE)
Analysing the last 5-days average volume posted by the [Nucor Corp., NUE], we can find that recorded value of 1.32 million was lower than the volume posted last year of 1.38 million. As of the previous 9 days, the stock’s Stochastic %D was 19.90%. Additionally, its Average True Range was 4.28.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 74.15%, which indicates a significant increase from 21.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.86% in the past 14 days, which was lower than the 22.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $191.09, while its 200-day Moving Average is $171.10. Now, the first resistance to watch is $194.00. This is followed by the second major resistance level at $196.38. The third major resistance level sits at $199.14. If the price goes on to break the first support level at $188.86, it is likely to go to the next support level at $186.10. Should the price break the second support level, the third support level stands at $183.72.
Nucor Corp. (NYSE: NUE) Key Stats
Market capitalization of the company is 46.13 billion based on 239,980K outstanding shares. Right now, sales total 34,714 M and income totals 4,525 M. The company made 7,705 M in profit during its latest quarter, and 785,400 K in sales during its previous quarter.
