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Companhia Siderurgica Nacional (NYSE: SID) Rose 17.97% From Its 52-Week Low; YTD Numbers Fall -34.50% – Here Are Some Things To Keep In Mind

During the recent session, Companhia Siderurgica Nacional (NYSE:SID)’s traded shares were 0.76 million, with the beta value of the company hitting 1.83. At the last check today, the stock’s price was $2.95, reflecting an intraday gain of 2.60% or $0.07. The 52-week high for the SID share is $8.78, that puts it down -197.63 from that peak though still a striking 17.97% gain since the share price plummeted to a 52-week low of $2.42. The company’s market capitalization is $3.79B, and the average intraday trading volume over the past 10 days was 4.55 million shares, and the average trade volume was 7.44 million shares over the past three months.

Companhia Siderurgica Nacional (SID) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. SID has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.12.

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Companhia Siderurgica Nacional (NYSE:SID) trade information

Companhia Siderurgica Nacional (SID) registered a 2.60% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.60% in intraday trading to $2.95 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -0.69%, and it has moved by 7.46% in 30 days. Based on these gigs, the overall price performance for the year is -67.61%. The short interest in Companhia Siderurgica Nacional (NYSE:SID) is 5.1 million shares and it means that shorts have 0.6 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.03, which implies an increase of 41.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.88 and $7.06 respectively. As a result, SID is trading at a discount of -139.32% off the target high and 2.37% off the low.

Companhia Siderurgica Nacional (SID) estimates and forecasts

Statistics show that Companhia Siderurgica Nacional has underperformed its competitors in share price, compared to the industry in which it operates. Companhia Siderurgica Nacional (SID) shares have gone down -43.08% during the last six months, with a year-to-date growth rate less than the industry average at -44.51% against -6.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -82.10% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $2.19 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $2.22 billion by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 72.00%. While earnings are projected to return 224.00% in 2022, the next five years will return 3.91% per annum.

SID Dividends

Companhia Siderurgica Nacional is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Companhia Siderurgica Nacional is 0.42, with the dividend yield indicating at 14.62 percent, continuing the trend of increasing dividends in recent years.

Companhia Siderurgica Nacional (NYSE:SID)’s Major holders

Companhia Siderurgica Nacional insiders own 0.00% of total outstanding shares while institutional holders control 3.10%, with the float percentage being 3.10%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 142 institutions own stock in it. As of Mar 30, 2022, the company held over 6.13 million shares (or 0.46% of all shares), a total value of $18.31 million in shares.

The next largest institutional holding, with 6.0 million shares, is of Capital Growth Management L.P.’s that is approximately 0.45% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $17.91 million.

Also, the Mutual Funds coming in first place with the largest holdings of Companhia Siderurgica Nacional (SID) shares are CGM Focus Fund and Vanguard International Stock Index-Emerging Markets Stk. Data provided on Mar 30, 2022 indicates that CGM Focus Fund owns about 3.7 million shares. This amounts to just over 0.28 percent of the company’s overall shares, with a $11.04 million market value. The same data shows that the other fund manager holds slightly less at 3.34 million, or about 0.25% of the stock, which is worth about $9.96 million.

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