On Tuesday, Nucor Corp. (NYSE: NUE) was -0.34% drop from the session before settling in for the closing price of $157.00. A 52-week range for NUE has been $140.07 – $203.00.
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Annual sales at Basic Materials sector company grew by 11.57% over the past five years. When this article was written, the company’s average yearly earnings per share was at -37.63%. With a float of $238.21 million, this company’s outstanding shares have now reached $244.90 million.
Let’s look at the performance matrix of the company that is accounted for 32000 employees.
Nucor Corp. (NUE) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nucor Corp. stocks. The insider ownership of Nucor Corp. is 0.65%, while institutional ownership is 79.08%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 5.81 earnings per share (EPS) during the time that was better than consensus figure (set at 5.53) by 0.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.63% 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
You can see what Nucor Corp. (NUE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10. Likewise, its price to free cash flow for the trailing twelve months is 9.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.00, a number that is poised to hit 2.53 in the next quarter and is forecasted to reach 12.14 in one year’s time.
Technical Analysis of Nucor Corp. (NUE)
Nucor Corp. (NYSE: NUE) saw its 5-day average volume 1.79 million, a positive change from its year-to-date volume of 1.47 million. As of the previous 9 days, the stock’s Stochastic %D was 68.15%. Additionally, its Average True Range was 3.86.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 13.62%, which indicates a significant decrease from 64.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.61% in the past 14 days, which was lower than the 25.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $166.19, while its 200-day Moving Average is $170.51. Nevertheless, the first resistance level for the watch stands at $157.66 in the near term. At $158.87, the stock is likely to face the second major resistance level. The third major resistance level sits at $159.86. If the price goes on to break the first support level at $155.46, it is likely to go to the next support level at $154.47. The third support level lies at $153.26 if the price breaches the second support level.
Nucor Corp. (NYSE: NUE) Key Stats
There are 239,762K outstanding shares of the company, which has a market capitalization of 37.51 billion. As of now, sales total 34,714 M while income totals 4,525 M. Its latest quarter income was 8,137 M while its last quarter net income were 844,840 K.
