On Friday, Steelcase, Inc. (NYSE: SCS) was -3.90% drop from the session before settling in for the closing price of $14.11. A 52-week range for SCS has been $8.35 – $14.74.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Industrials sector was -0.20%. When this article was written, the company’s average yearly earnings per share was at 5.65%. With a float of $85.28 million, this company’s outstanding shares have now reached $93.94 million.
Considering the fact that the conglomerate employs 11300 people, you should pay attention to its efficiency factor.
Steelcase, Inc. (SCS) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Steelcase, Inc. stocks. The insider ownership of Steelcase, Inc. is 25.28%, while institutional ownership is 75.49%. The most recent insider transaction that took place on Jul 25 ’24, was worth 24,988. In this transaction SVP, Chief Financial Officer of this company sold 1,816 shares at a rate of $13.76, taking the stock ownership to the 549,776 shares. Before that another transaction happened on Jul 24 ’24, when Company’s SVP, Chief Financial Officer sold 73,184 for $13.84, making the entire transaction worth $1,012,603. This insider now owns 551,592 shares in total.
Steelcase, Inc. (SCS) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 5/31/2024, it has been observed that the corporation posted 0.31 earnings per share (EPS) during the time that was better than consensus figure (set at 0.2) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.65% 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 -8.37% drop over the previous five years of trading.
Steelcase, Inc. (NYSE: SCS) Trading Performance Indicators
You can see what Steelcase, Inc. (SCS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49. Likewise, its price to free cash flow for the trailing twelve months is 8.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.75, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.13 in one year’s time.
Technical Analysis of Steelcase, Inc. (SCS)
Compared to the last year’s volume of 0.75 million, its volume of 0.7 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.13%. Additionally, its Average True Range was 0.46.
During the past 100 days, Steelcase, Inc.’s (SCS) raw stochastic average was set at 63.58%, which indicates a significant increase from 21.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.49% in the past 14 days, which was higher than the 32.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.23, while its 200-day Moving Average is $12.67. Nevertheless, the first resistance level for the watch stands at $13.78 in the near term. At $14.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.27. If the price goes on to break the first support level at $13.29, it is likely to go to the next support level at $13.02. Should the price break the second support level, the third support level stands at $12.80.
Steelcase, Inc. (NYSE: SCS) Key Stats
There are 114,133K outstanding shares of the company, which has a market capitalization of 1.55 billion. As of now, sales total 3,160 M while income totals 81,100 K. Its latest quarter income was 727,300 K while its last quarter net income were 10,900 K.
