On Monday, Nucor Corp. (NYSE: NUE) was -0.80% drop from the session before settling in for the closing price of $145.23. A 52-week range for NUE has been $139.41 – $203.00.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 11.57%. When this article was written, the company’s average yearly earnings per share was at -44.14%. With a float of $235.54 million, this company’s outstanding shares have now reached $244.90 million.
The extent of productivity of a business whose workforce counts for 32000 workers is very important to gauge. In terms of profitability, gross margin is 18.49%, operating margin of 14.23%, and the pretax margin is 14.53%.
Nucor Corp. (NUE) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nucor Corp. stocks. The insider ownership of Nucor Corp. is 0.76%, while institutional ownership is 80.63%. The most recent insider transaction that took place on Jul 31 ’24, was worth 1,379,840. In this transaction Executive Vice President of this company sold 8,624 shares at a rate of $160.00, taking the stock ownership to the 99,049 shares. Before that another transaction happened on Jul 31 ’24, when Company’s Officer proposed sale 8,624 for $160.00, making the entire transaction worth $1,379,840.
Nucor Corp. (NUE) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -44.14% 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 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.05. Likewise, its price to free cash flow for the trailing twelve months is 10.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.86, a number that is poised to hit 1.98 in the next quarter and is forecasted to reach 11.54 in one year’s time.
Technical Analysis of Nucor Corp. (NUE)
The latest stats from [Nucor Corp., NUE] show that its last 5-days average volume of 1.2 million was inferior to 1.48 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 39.68%. Additionally, its Average True Range was 4.30.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 7.33%, which indicates a significant decrease from 17.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.36% in the past 14 days, which was higher than the 28.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $154.89, while its 200-day Moving Average is $170.96. Now, the first resistance to watch is $146.11. This is followed by the second major resistance level at $148.15. The third major resistance level sits at $149.55. If the price goes on to break the first support level at $142.67, it is likely to go to the next support level at $141.27. Assuming the price breaks the second support level, the third support level stands at $139.23.
Nucor Corp. (NYSE: NUE) Key Stats
There are 239,762K outstanding shares of the company, which has a market capitalization of 34.19 billion. As of now, sales total 34,714 M while income totals 4,525 M. Its latest quarter income was 8,077 M while its last quarter net income were 645,220 K.
