A new trading day began on Friday, with Nucor Corp. (NYSE: NUE) stock price up 0.37% from the previous day of trading, before settling in for the closing price of $154.12. NUE’s price has ranged from $140.07 to $203.00 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 11.57% over the last five years. Meanwhile, its annual earnings per share averaged -36.30%. With a float of $238.21 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Steel Industry. The insider ownership of Nucor Corp. is 0.65%, while institutional ownership is 79.22%. 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 -36.30% 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
Here are Nucor Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09. Likewise, its price to free cash flow for the trailing twelve months is 9.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.00, a number that is poised to hit 2.66 in the next quarter and is forecasted to reach 12.32 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 1.64 million was better than the volume posted last year of 1.42 million. As of the previous 9 days, the stock’s Stochastic %D was 18.74%. Additionally, its Average True Range was 3.81.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 10.34%, which indicates a significant decrease from 25.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.45% in the past 14 days, which was lower than the 27.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $174.94, while its 200-day Moving Average is $171.14. Now, the first resistance to watch is $157.49. This is followed by the second major resistance level at $160.30. The third major resistance level sits at $164.48. If the price goes on to break the first support level at $150.50, it is likely to go to the next support level at $146.32. Should the price break the second support level, the third support level stands at $143.51.
Nucor Corp. (NYSE: NUE) Key Stats
With a market capitalization of 37.09 billion, the company has a total of 239,762K Shares Outstanding. Currently, annual sales are 34,714 M while annual income is 4,525 M. The company’s previous quarter sales were 8,137 M while its latest quarter income was 844,840 K.
