Nucor Corp. (NUE) volume hits 2.78 million: A New Opening for Investors

Witnessing the stock’s movement on the chart, on Wednesday, Nucor Corp. (NYSE: NUE) had a quiet start as it plunged -2.99% to $141.66, before settling in for the price of $146.02 at the close. Taking a more long-term approach, NUE posted a 52-week range of $133.42-$203.00.

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The Basic Materials Sector giants’ yearly sales growth during the last 5-year period was 11.57%. Meanwhile, its Annual Earning per share during the time was 19.38%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -51.01%. This publicly-traded company’s shares outstanding now amounts to $244.90 million, simultaneously with a float of $235.78 million. The organization now has a market capitalization sitting at $33.62 billion.

Nucor Corp. (NUE) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Steel industry. Nucor Corp.’s current insider ownership accounts for 0.66%, in contrast to 79.07% institutional ownership. According to the most recent insider trade that took place on Jul 31 ’24, this organization’s Executive Vice President sold 8,624 shares at the rate of 160.00, making the entire transaction reach 1,379,840 in total value, affecting insider ownership by 99,049.

Nucor Corp. (NUE) Earnings and Revenue Records

Nucor Corp.’s EPS decrease for this current 12-month fiscal period is -51.01% and is forecasted to reach 9.72 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -4.98% through the next 5 years, which can be compared against the 19.38% growth it accomplished over the previous five years trading on the market.

Nucor Corp. (NYSE: NUE) Trading Performance Indicators

Let’s observe the current performance indicators for Nucor Corp. (NUE). It’s Quick Ratio in the last reported quarter now stands at 1.61. The Stock has managed to achieve an average true range (ATR) of 4.39. Alongside those numbers, its PE Ratio stands at $13.69, and its Beta score is 1.56. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.07. Similarly, its price to free cash flow for trailing twelve months is now 19.17.

In the same vein, NUE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 10.35, a figure that is expected to reach 1.20 in the next quarter, and analysts are predicting that it will be 9.72 at the market close of one year from today.

Technical Analysis of Nucor Corp. (NUE)