A new trading day began on Tuesday, with Nucor Corp (NYSE: NUE) stock price up 0.24% from the previous day of trading, before settling in for the closing price of $129.50. NUE’s price has ranged from $112.25 to $203.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 11.25%. Meanwhile, its annual earnings per share averaged -5.27%. With a float of $228.92 million, this company’s outstanding shares have now reached $232.80 million.
Let’s determine the extent of company efficiency that accounts for 32700 employees. In terms of profitability, gross margin is 13.39%, operating margin of 9.69%, and the pretax margin is 9.44%.
Nucor Corp (NUE) 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 Nucor Corp is 0.70%, while institutional ownership is 79.57%. The most recent insider transaction that took place on Nov 11 ’24, was worth 793,470. In this transaction Executive Vice President of this company sold 4,968 shares at a rate of $159.72, taking the stock ownership to the 85,376 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Officer proposed sale 4,968 for $159.72, making the entire transaction worth $793,470.
Nucor Corp (NUE) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -5.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.56% during the next five years compared to 15.38% 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 1.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.97. Likewise, its price to free cash flow for the trailing twelve months is 37.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.40, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 11.02 in one year’s time.
Technical Analysis of Nucor Corp (NUE)
Looking closely at Nucor Corp (NYSE: NUE), its last 5-days average volume was 2.42 million, which is a drop from its year-to-date volume of 2.82 million. As of the previous 9 days, the stock’s Stochastic %D was 49.14%. Additionally, its Average True Range was 4.52.
During the past 100 days, Nucor Corp’s (NUE) raw stochastic average was set at 30.14%, which indicates a significant increase from 28.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.15% in the past 14 days, which was lower than the 42.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $129.63, while its 200-day Moving Average is $143.79. However, in the short run, Nucor Corp’s stock first resistance to watch stands at $130.72. Second resistance stands at $131.62. The third major resistance level sits at $132.76. If the price goes on to break the first support level at $128.68, it is likely to go to the next support level at $127.54. Should the price break the second support level, the third support level stands at $126.64.
Nucor Corp (NYSE: NUE) Key Stats
With a market capitalization of 29.93 billion, the company has a total of 230,536K Shares Outstanding. Currently, annual sales are 30,734 M while annual income is 2,027 M. The company’s previous quarter sales were 7,076 M while its latest quarter income was 287,030 K.
