$2.34M in average volume shows that Companhia Siderurgica Nacional ADR (SID) is heading in the right direction

A new trading day began on Monday, with Companhia Siderurgica Nacional ADR (NYSE: SID) stock price up 0.69% from the previous day of trading, before settling in for the closing price of $1.44. SID’s price has ranged from $1.41 to $4.01 over the past 52 weeks.

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Basic Materials Sector giant saw their annual sales surged by 9.60% over the last five years. Meanwhile, its annual earnings per share averaged -191.13%. With a float of $1.33 billion, this company’s outstanding shares have now reached $1.33 billion.

In terms of profitability, gross margin is 26.15%, operating margin of 11.86%, and the pretax margin is -1.13%.

Companhia Siderurgica Nacional ADR (SID) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Steel Industry. The insider ownership of Companhia Siderurgica Nacional ADR is 0.01%, while institutional ownership is 2.68%.

Companhia Siderurgica Nacional ADR (SID) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -191.13% per share during the next fiscal year.

Companhia Siderurgica Nacional ADR (NYSE: SID) Trading Performance Indicators

Here are Companhia Siderurgica Nacional ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23. Likewise, its price to free cash flow for the trailing twelve months is 5.62.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach 0.07 in one year’s time.

Technical Analysis of Companhia Siderurgica Nacional ADR (SID)

Analysing the last 5-days average volume posted by the [Companhia Siderurgica Nacional ADR, SID], we can find that recorded value of 2.46 million was better than the volume posted last year of 2.28 million. As of the previous 9 days, the stock’s Stochastic %D was 8.34%. Additionally, its Average True Range was 0.08.

During the past 100 days, Companhia Siderurgica Nacional ADR’s (SID) raw stochastic average was set at 3.67%, which indicates a significant decrease from 7.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.44% in the past 14 days, which was lower than the 51.50% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.8974, while its 200-day Moving Average is $2.3103. Now, the first resistance to watch is $1.4700. This is followed by the second major resistance level at $1.4900. The third major resistance level sits at $1.5150. If the price goes on to break the first support level at $1.4250, it is likely to go to the next support level at $1.4000. Should the price break the second support level, the third support level stands at $1.3800.

Companhia Siderurgica Nacional ADR (NYSE: SID) Key Stats

With a market capitalization of 1.92 billion, the company has a total of 1,387,520K Shares Outstanding. Currently, annual sales are 9,101 M while annual income is -63,740 K. The company’s previous quarter sales were 1,995 M while its latest quarter income was -151,510 K.