A new trading day began on Friday, with Nucor Corp. (NYSE: NUE) stock price up 0.09% from the previous day of trading, before settling in for the closing price of $158.09. NUE’s price has ranged from $133.42 to $203.00 over the past 52 weeks.
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
It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 11.57%. Meanwhile, its annual earnings per share averaged -49.32%. With a float of $235.78 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
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 0.66%, while institutional ownership is 79.06%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 4.57 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -49.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.98% 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 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 11.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.86, a number that is poised to hit 1.50 in the next quarter and is forecasted to reach 10.53 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 1.63 million was superior to 1.47 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 93.77%. Additionally, its Average True Range was 3.56.
During the past 100 days, Nucor Corp.’s (NUE) raw stochastic average was set at 66.54%, which indicates a significant decrease from 90.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.50% in the past 14 days, which was lower than the 27.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $147.30, while its 200-day Moving Average is $167.54. Now, the first resistance to watch is $159.45. This is followed by the second major resistance level at $160.65. The third major resistance level sits at $161.82. If the price goes on to break the first support level at $157.08, it is likely to go to the next support level at $155.91. Assuming the price breaks the second support level, the third support level stands at $154.71.
Nucor Corp. (NYSE: NUE) Key Stats
With a market capitalization of 37.56 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 8,077 M while its latest quarter income was 645,220 K.
